Artificial Intelligence (AI) Robots Market to Grow at 28.78% CAGR to 2023
Wednesday, February 14, 2018
PUNE, India, February 14, 2018 /PRNewswire/ --
ReportsnReports.com adds Artificial Intelligence (AI) Robots Market is forecast to
reach $12.36 billion by 2023 from $3.49 billion in 2018 at a CAGR of 28.78% during
(2018-2023) driven by the high adoption of robots for personal use such as companionship
and entertainment; and support from governments worldwide to develop modern technologies;
while North America to hold the second-largest share of the market in 2018.
Browse 78 Market Data Tables and 56 Figures spread through 164 Pages and in-depth TOC
on "Artificial Intelligence (AI) Robots Market by Robot Type (Service, Industrial),
Offering (GPU, MPU), Technology (Machine Learning, Computer Vision), Application (Public
Relations, Stock Management), and Geography - Global Forecast to 2023"
Major players in the AI robots market are Soft Bank (Japan), Hanson Robotics (China),
NVIDIA (US), Intel (US), Microsoft (US), IBM (US), Alphabet (US), Harman International
Industries (Samsung) (US), Xilinx (US), ABB (Switzerland), FANUC (Japan), KUKA (a
subsidiary of Midea Group) (Germany), Amazon (US), Blue Frog Robotics (France), Promobot
(Russia), Jibo (US), ASUS (Taiwan), Mayfield Robotics (US), BSH Hausgerate (Germany), and
LG (South Korea).
North America is expected to hold the second-largest share of the AI robots market in
2018. This is because; the US is a global leader in adopting AI technology for robots for
use in multiple application areas. In addition, several prominent AI technology providers
such as IBM, Alphabet, Microsoft, NVIDIA, Intel, Facebook, MetaMind, Tute Genomics, Amazon,
Celect, Bay Sensors, Narrative Science, and Prism Skylabs are based in the US. However,
the market in APAC is expected to grow at the highest rate between 2018 and 2023.
Inquire for DISCOUNT on "Artificial Intelligence (AI) Robots Market by Robot Type
(Service, Industrial), Offering (GPU, MPU), Technology (Machine Learning, Computer Vision),
Application (Public Relations, Stock Management), and Geography - Global Forecast to
2023" research report at
The AI robots market for stock management applications to grow at a high rate between
2018 and 2023. High penetration rate of e-commerce giants such as Amazon, Walmart, and
Alibaba, worldwide is one of the main factors contributing to the high growth of the AI in
robots market for stock management applications. However, reluctance to adopt new
technologies and absence of standardized regulations to prevent risks associated with
networked and autonomous robots are the key factors restraining the growth of the AI in
Machine learning technology will hold largest share of the Artificial Intelligence (AI)
the forecast period. Machine learning methods are particularly applicable when it comes to
powering new insights within the robotics industry because the data sets are large and
diverse, and they change quickly. Also, machine learning is required for voice recognition,
voice search, recommendation engines, sentiment analysis, image recognition, and motion
detection applications in smart robots. This is a key factor driving the growth of the AI
in robots market for machine learning.
Based on application, the AI robots market has been segmented into military & defense,
personal assistance and care giving, public relations, and stock management. Based on
technology, the AI in robots market has been segmented into machine learning, natural
language processing (NLP), context awareness, and computer vision. The report also
forecasts the size of the Ai in robots market in 4main regions - North America, Europe,
APAC, and RoW.
Order a copy of "Artificial Intelligence (AI) Robots Market by Robot Type (Service,
Industrial), Offering (GPU, MPU), Technology (Machine Learning, Computer Vision),
Application (Public Relations, Stock Management), and Geography - Global Forecast to 2023"
research report at http://www.reportsnreports.com/purchase.aspx?name=1341737 .
The AI in robots market has been segmented on the basis of robot type, technology,
offering, application, and geography. Depending on the type of robot, the market has been
segmented into service robots and industrial robots. The AI in robots market has been
segmented on the basis of offering into hardware (processors, network devices, and storage
devices) and software.
The software segment has captured the largest share of the AI robots market in 2018.
Breakdown of profile of primary participants:
- By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C-level Executives - 35%, Directors - 25%, and Others - 40%
- By Region: North America - 45%, Europe - 20%, APAC - 30%, and RoW - 5%
Another research titled Artificial Intelligence in Aviation Market Global Forecast to
the AI in aviation market is expected to be valued at $152.4 million in 2018 and is
likely to reach $2,222.5 million by 2025, at a CAGR of 46.65% during the forecast period.
Virtual assistants expected to hold a major share of the AI in aviation market in 2018. AI
in aviation market in APAC expected to grow at the highest rate between 2018 and 2025.
Companies such as Intel (US), NVIDIA (US), IBM (US), Micron (US), Samsung (South Korea),
Xilinx (US), Amazon (US), Microsoft (US), Airbus (France), Boeing (US), General Electric
(US), Thales (France), Lockheed Martin (US), Garmin (US) have been profiled in this 161
pages research report available at
Explore more reports on Semiconductor and Electronics Market at
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