Market Research Future Insights
The AI robots market industry is projected to grow from USD 13.33 Billion in 2023 to USD 44.60 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 22.30% during the forecast period (2023 - 2030).
The augmented efficiency and success rate of robotic surgery are also anticipated to boost its adoption in the imminent years. The increasing trend of using minimally invasive medical devices is also estimated to fuel the market. The rising integration of Artificial Intelligence (AI) in automated robotic surgeries for clinical decision-making is also pushing the market growth. The COVID-19 epidemic had a damaging impact on the market in 2020.
Healthcare facilities prioritized the treatment and management of COVID-19 patients and suspended elective robotic surgeries. Furthermore, a significant reduction in revenue of top players during COVID-19 also affected the market growth. However, the rising prevalence of chronic diseases and growing preference for robot-assist procedures is further projected to drive the market during the post-pandemic period.
Regional Analysis
Asia-Pacific rules the market of Artificial Intelligence (AI) robots and will dominate the market during the period of estimate owing to the upsurge in acceptance of NLP technologies and deep knowledge of safety and retail importance. The segment of the market of Artificial Intelligence (AI) Robots description also proposes distinct market-affecting issues and disparities in the guidelines in the market internationally which influence the forthcoming and present market trends.
North America will continue to go under a substantial upsurge during the period of forecast. This is owing to numerous applications of implementing AI technology in robots. The availability and presence of international brands and the influence of internal prices and trade directions are taken into consideration during the evaluation of analysis of data of the country and their challenges handled due to huge or uncommon struggles from domestic and local product brands.
Data opinions like production sites, ambitious value chain review, downstream value chain review, value trend review, consumption volumes, cost of raw materials, import-export review, and production volumes are the main factors for specific countries for an approximation of the situation of the market.
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Market Segmentation
The Global AI Robots Market has been segmented into the Offering, Robot Type, and Technology
Based on the Offering - The Global AI Robots Market has been segmented into software and hardware. The software segment is sub-separated into AI solutions and AI platforms. The hardware segment is sub-separated into storage devices, processors, and network devices. The hardware segment has an extreme share of 45.9% in 2021. It is expected to continuously advance its position at a maximum growth rate during the period of forecast. Chip producers are competing to develop AI hardware to gain 45-55% of the complete technology price due to constant development in information accessibility, the inventor network, and add volume.
Based on the Robot Type - The Global AI Robots Market has been segmented into industrial types and service types. Industrial-type robots are sub-separated into combined industrial robots and traditional or industrial robots. Old-style industrial robots are more sub-separated into cartesian robots, articulated robots, Scare robots, parallel robots, and other robots. Service-type robots are sub-separated into midair, underwater, and ground.
Based on the Technology - The Global AI Robots Market has been segmented into computer vision, machine learning, context awareness, and Natural Language Processing (NLP). The segment of machine learning is expected to upsurge significantly in the Artificial Intelligence Robots market over the forecast period. A huge amount of information is nurtured into the ML procedures, confirming that Artificial intelligence technologies like robotic structures can execute precisely. Machine learning is the progression of training and Optimization methods to deliberate for the situation and accomplish specific tasks or actions.
Key Players
Some of the key market players are NVIDIA, Kuka, Amazon, Blue Frog Robotics, Promobot, Softbank, and Hanson Robots
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