Who are the key vendors in the Global Artificial Intelligence (AI) Robots Market?

Artificial intelligence (AI) robot companies focus on innovation and launch new products that stand out from the competition. Artificial intelligence (AI) robot manufacturers also emphasize the integration of advanced robotics and AI solutions available in the marketplace. AI robot providers also collaborate and partner with different companies to develop custom robots and specialized solutions to maximize their revenue generation going forward. 'ABB ', 'AIBrain, Inc.', 'International Business Machines Corporation', 'Kawasaki', 'Alphabet ', 'Omron', 'Promobot', 'Argo AI, LLC', 'Vicarious', 'Xilinx', 'Yaskawa', 'Blue Frog Robotics & Buddy - Emotional Robot', 'Brain Corporation', 'CloudMinds Technology Inc.', 'Harman International Industries', 'IBM Corporation', 'UB Tech Robotics, Inc.', 'Veo Robotics, Inc.', 'Intel Corporation', 'Microsoft Corporation', 'Mitsubishi', 'DataRobot, Inc.', 'Fanuc', 'Hanson Robotics Ltd.', 'Neurala, Inc.', 'NVIDIA Corporation', 'SoftBank Corp.'

What is the key driver of Global Artificial Intelligence (AI) Robots Market?

Growing popularity of Industry 4.0 trend and increasing emphasis on improving efficiency through automation are projected to promote the demand for artificial intelligence (AI) robots over the coming years.

What is the key market trend for Global Artificial Intelligence (AI) Robots Market?

Innovations in medical technology are proving increasingly important in shaping the nascent device landscape, facilitating the development of high-quality, feature-rich solutions. Increasing technological advances have led to a sharp rise in the demand for specialized neonatal care equipment in both developed and developing countries. Notably, a state-of-the-art incubator and the development of an MRI-compatible incubator stands out as a noteworthy advancement in technological sophistication. These developments are anticipated to accelerate the neonatal care equipment market, featuring a discrete objective to provide improved primary care to critically ill newborns.

Which region accounted for the largest share in Global Artificial Intelligence (AI) Robots Market?

North America is forecasted to account for a substantial share of the global artificial intelligence (AI) robots market. Presence of key robotics companies and growing adoption of robots in different industry verticals are key factors contributing to the high market share of North America. Rising use of automation and automated robots is also estimated to favor sales of artificial intelligence (AI) robots in this region, The United States and Canada are estimated to spearhead artificial intelligence (AI) robots demand outlook in the North American region through 2031 and beyond.

Artificial Intelligence (AI) Robots Market Size, Share, Growth Analysis, By Component, By Application, Technology(Machine Learning, Computer Vision, Context Awareness, NLP), Deployment, Robot Type(Service Robots, Industrial Robots), and Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2218 | Region: Global | Published Date: June, 2024
Pages: 197 | Tables: 146 | Figures: 78

Artificial Intelligence (AI) Robots Market Regional Insights

North America is slated to emerge as the top region when it comes to artificial intelligence (AI) robots. High acceptance and adoption of artificial intelligence and robotics across multiple industries have set the tone for North America’s dominance in this market. Growing acceptance of AI robots in different applications and high investments in the R&D of the same is also boosting market growth. Rising use of automation and the presence of key AI robot providers in the United States allows it to spearhead market growth in North America with Canada following suit.

AI robots are projected to be massively popular in the Asia Pacific region over the coming years helping it gain the title of fastest-growing market as well. China, Japan, and India are estimated to be the top countries where sales of artificial intelligence (AI) robots are projected to shine bright. Rising use of automation in the robust automotive manufacturing industry of this region will bolster artificial intelligence (AI) robots sales going forward. Apart from this, high investments in adoption of new automation technologies will also create new business scope for artificial intelligence (AI) robots market players in the future.

Artificial Intelligence (AI) Robots Market Report Snapshots

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Global Artificial Intelligence (AI) Robots Market size was valued at USD 12 billion in 2022 and is poised to grow from USD 14.58 billion in 2023 to USD 69.24 billion by 2031, growing at a CAGR of 21.5% during the forecast period (2024-2031).

Artificial intelligence (AI) robot providers need to focus on maximizing their business scope by reaching into new markets and developing AI robots for different industrial and personal uses. Raising new capital to fund their R&D and business expansion efforts will be highly essential for new artificial intelligence (AI) robot companies going forward. Development of custom robots for specific applications across different industry verticals will also help artificial intelligence (AI) robot companies expand their sales potential in the future. 'ABB ', 'Omron ', 'Fanuc ', 'Veo Robotics Inc. ', 'Promobot ', 'Xilinx ', 'Alphabet ', 'Brain Corporation ', 'DataRobot Inc. ', 'UB Tech Robotics Inc. ', 'Kawasaki ', 'Intel Corporation ', 'Vicarious ', 'AIBrain Inc. ', 'International Business Machines Corporation ', 'Mitsubishi ', 'Hanson Robotics Ltd. ', 'CloudMinds Technology Inc. ', 'Blue Frog Robotics & Buddy - Emotional Robot'

There has been a notable shortage of skilled professionals and labor across multiple industry verticals. Use of AI robots can fill this gap by performing those tasks effectively as a skilled professional would do. Moreover, the cost benefits associated with the use of AI robots instead of skilled labor will also promote market growth.

Human-AI Collaboration: Collaborative robots are gaining massive popularity around the world as they reduce workforce displacement by allowing humans and robots to work together. AI robots can benefit from improved human-machine interaction and this is what all artificial intelligence (AI) robots companies should work on going forward.

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Artificial Intelligence (AI) Robots Market Size, Share, Growth Analysis, By Component, By Application, Technology(Machine Learning, Computer Vision, Context Awareness, NLP), Deployment, Robot Type(Service Robots, Industrial Robots), and Region - Industry Forecast 2024-2031

Artificial Intelligence (AI) Robots Market Regional Insights

Artificial Intelligence (AI) Robots Market Report Snapshots

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Which region accounted for the largest share in Artificial Intelligence (AI) Robots Market?

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