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.

Global Artificial Intelligence (AI) Robots Market Size, Share, Growth Analysis, By Technology(Machine Learning, Computer Vision), By Application(Law Enforcement, Military & Defense), By Component(Hardware, Software), By Deployment(Cloud, On-premises), By Robot Type(Service Robots, Industrial Robots) - Industry Forecast 2024-2031

Report ID: SQMIG45J2218 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 152 | Figures: 85

Global Artificial Intelligence (AI) Robots Market News

In January 2024, PROVEN Robotics, a robotic solution provider, announced the launch of its new AI service robot. OrionStar Mini is designed to create interactive experiences and is powered by Qualcomm Snapdragon 845 SOC chip.

In November 2023, Robotiz3d, a start-up based in the United Kingdom, developed the world’s first autonomous robot to tackle the issue of potholes. This robot utilizes artificial intelligence to track and locate potholes and cracks to fix them.

Global 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% in the forecast period (2024-2031).

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.'

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.

Discovery of New Application Scope: Artificial intelligence (AI) robots providers need to invest in research and development to offer products that are capable of handling new applications that current robots cannot. Artificial intelligence (AI) robots companies can collaborate with companies to understand the requirements and develop new AI robots accordingly to maximize their sales.

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.

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Global Artificial Intelligence (AI) Robots Market News

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