Global Artificial Intelligence Robots market size in 2021 was USD 6.214 Billion, market value to grow to USD 66.662 Billion by 2030 at 30.5% CAGR as per Acumen Research and Consulting
Artificial Intelligence Robots Market: The Future of Robotics
The use of Artificial Intelligence (AI) robots is on the rise, with increasing demand in various industries. AI robots are capable of performing complex tasks that were previously thought to be possible only by humans. They have the ability to learn from their experiences and improve their performance, making them invaluable in a wide range of applications.
Market Segmentation
The AI robots market can be segmented based on the type of robot, application, end-user, and region. The type of robot can be classified into service robots and industrial robots, while the application segment can be further divided into healthcare, manufacturing, logistics, defense, agriculture, and others. The end-user segment can be divided into commercial, residential, and military.
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Market Dynamics
- Increasing Need for Automation: The increasing need for automation in various industries, such as manufacturing, logistics, and agriculture, is driving the growth of the AI robots market. AI robots can perform repetitive tasks with high precision and accuracy, reducing the need for human intervention and improving efficiency.
- Technological Advancements: The AI robots market is witnessing technological advancements, such as the integration of sensors, machine learning algorithms, and natural language processing. These advancements are driving the development of more sophisticated and intelligent robots that can perform complex tasks and interact with humans in a more natural and intuitive way.
- Growing Investment in Research and Development: The growing investment in research and development in the field of robotics is driving the growth of the AI robots market. Many companies and institutions are investing heavily in developing new AI technologies and improving the performance and capabilities of AI robots.
Market Challenges
- High Cost of Robots: The high cost of AI robots can be a barrier for some companies and individuals who are unable to afford them. This can limit the growth of the market, as many people may opt for traditional methods of performing tasks.
- Limited Skilled Workforce: The limited availability of skilled workers who can operate and maintain AI robots is a challenge for the market. This can limit the adoption of AI robots in certain industries and regions, as companies may struggle to find skilled workers to operate and maintain the robots.
- Ethical and Legal Concerns: The use of AI robots raises ethical and legal concerns, such as the impact on employment and privacy. Companies need to ensure that they comply with the regulations and laws governing the use of AI robots to gain the trust and confidence of users.
Market Regional Overview
The AI robots market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominates the market, followed by Europe and Asia Pacific. The increasing need for automation, technological advancements, and growing investment in research and development are driving the growth of the market in these regions.
List of Market Players
- Boston Dynamics
- SoftBank Robotics America
- Hanson Robotics Limited
- ABB
- FANUC America Corporation
- KUKA AG
- Yaskawa Electric Corporation
- OMRON Group
- Intuitive, Inc.
- iRobot
- Universal Robots A/S
- DJI
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Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
FEB 27, 2020: The global Artificial Intelligence market size is expected to reach USD 390.9 billion by 2025, according to a new report by Grand View Research, Inc.
Advances in image and voice recognition are driving the growth of the regional market.
Rising prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions.
Existing solution providers are innovating their product portfolio to include both hardware and software solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/artificial-intelligence-market/request-sampleNorth America held the dominant share in the global AI market in 2018 thanks to the availability of high government funding, presence of leading players, and strong technical base.
Asia Pacific, however, is anticipated to overtake North America to emerge as the leading regional market by 2025, registering the highest CAGR.
This can be attributed to rapid improvements in information storage capacity, high computing power, and parallel processing, all of which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way.
Global AI Robots Market OverviewIn its research report, Market Research Future (MRFR), emphasizes that the global AI Robots Market 2020 is expected to grow exponentially, securing a substantial market valuation from USD 2.96 billion in 2017 to USD 12.01 billion by 2023, and a healthy 28.24% CAGR over the review period.
The research report offers information on Artificial Intelligence (AI) robots market Size, share, trends and development, growth drivers, technologies, and the changing investment structure of industry.Drivers and RestraintsDriven by the secure consumer base and government support, the AI robot market is expected to make smooth progress in the coming years.
AI robots are the pinnacle of what is technologically feasible in the field of robotics and are being used in increasingly diverse applications.
AI robots are incredibly diverse in applicability and are becoming increasingly diversified as new technologies are discovered continuously.
The development of AI robots for the assistance of the differently-abled and geriatrics is likely to be a significant avenue for the global AI robot market over the forecast period.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6684Although the use of AI robots for companionship and entertainment has caught the imagination of the public, the enormous utility of AI robots means that they are more likely to be put to practical use in the coming years, with geriatric treatment and supporting the otherwise-abled likely to be manage to the top of the list.
Through the introduction of AI robotics, the healthcare sector will receive a tremendous boost, as the robots' simple programmability will reduce the burden on the primary caregiver and ensure continuity in healthcare delivery.On the other hand, the lack of a consistent set of AI robot standards could hamper the growth of the market for AI robots in the coming years.
