The rising use of artificial intelligence in robotics sector is propelling the growth of the artificial intelligence (AI) robots market. The manufatcurers and product designers from the robotics manufacturing sectors are focusing on the investing in high-end hardware solutions that are enabled by AI technologies. Furthermore, the role of AI in robots, most particularly in the industrial manufacturing domains, for industrial automation, is creating various lucrative growth prospects for the industry’s development. Additionally, the increasing trend of integrating AI robotics in the field of retail marketplace may also offer attractive expansion opportunities for the players in the artificial intelligence (AI) robots market.
The Role of AI in Robots
While robots are machines that are programmed to carry out pre-determined functions, either partially or completely autonomously, the integration of emerging AI technologies can enable the development of complex computer models that could carry out the tasks, with the help of these robots, which otherwise would have required human intelligence. The solutions in the artificial intelligence (AI) robots market aid in the functioning of industrial automation and negates the requirement of over the top human resources requirement in the industrial and manufacturing facilities. This offers the industrial stakeholders and end users in keeping the uptime of the manufacturing facilities at high, increase the productivity, and reduce the expenses related to labors and other human resources.
The advancements in the domains such as artificial intelligence and robotics engineering are bringing forth new avenues in manufacturing and various industrial domains. The manufacturers and players operational in the artificial intelligence (AI) robots market offer various types of components, including services, hardware, and software (such as computer vision, natural language processing or NLP, machine learning or ML, and context recognition). The increasing integration of computer vision, as well as machine learning techologies in the field of industria robotics is stimulating excpetional growth opportunities for the artificial intelligence (AI) robots market. The applications of artificial intelligence in robotics can be found in a diverse range of end use industries, such as aerospace and defense, healthcare, automotive, retail, industrial, among others.
Players in Artificial Intelligence (AI) Robots Market Focused on Extensive R & D
Featuring a consolidated competitive landscape, the artificial intelligence (AI) robots market houses a small number of international and dominant players who together account for the largest share of the industry. Some of the most prominent players and manufacturers functional in the landscape of the artificial intelligence (AI) robots market are SoftBank, Xilinx, Fanuc, Brain Corporation, Veo Robotics, Inc., Kawasaki, Mitsubishi, NVIDIA, Intel Corp., ABB, IBM Corporation, Neurala, Inc., Microsoft Corporation, Yaskawa, and Omron, among others.
The manufacturers, designers, developers, and technology partners working closely together ihn the domain of artificial intelligence (AI) robots market are focusing on comprehensive R & D projects to come up with unique and innovative new solutions, customized for specific purpose and industry. Furthermore, the manufacturers and players in the robotics sector are closely working with various technology partners and software developers in a bid to develop innovative and customized AI platforms.
North America Set to Dominate the Artificial Intelligence (AI) Robots Market
From a regional perspective, the rising trend of industrialization, along with a rising spending capacity of the regional manufacturers from various high-stake industries for advanced manufacturing and production systems is influencing the development of the North America artificial intelligence (AI) robots market. Other prominent regional industries within the global artificial intelligence (AI) robots market consist of Europe as well as Asia Pacific. The presence of a massive number of international manufacturers and corporation that function in these regions are responsible for triggering high demand in the industry.
Furthermore, the rising demand from the regional stakeholders in domains such as industrial as well as automotive manufacturing is also likely to augment the growth trajectory of the Asia Pacific artificial intelligence (AI) robots market within the next few years. The rising trend digitalization in the regional economies of Qatar, Bahrain, and the United Arab Emirates is positively affecting the growth of the Middle East and Africa artificial intelligence (AI) robots market. This regional industry is set to expand at a steady pace within the next few years.