Artificial Intelligence (AI) Robots Size to Worth Around USD 54.3 Bn by 2030
Precedence Research
8 min read
Precedence Research
According to Precedence Research, the global artificial intelligence (AI) robots market size is projected to be worth around USD 54.3 billion by 2030, growing at a CAGR of 21.81% from 2022 to 2030.
Los Angeles, Sept. 06, 2022 (GLOBE NEWSWIRE) -- The global artificial intelligence (AI) robots market size was valued at USD 9.2 billion in 2021. AI and robotics are different and are used for numerous purposes. The growing acceptance of AI robots in the sector of health care as it supports starting a good link between patients and healthcare professionals. Different industries like healthcare, manufacturing, construction and automobile are progressively accepting industrial automation. AI robots are purposely used to transfer materials in the manufacturing and production industry and also carry several automated responsibilities. An important quantity of robots is used for the submission of material management in numerous industries. These creativities inspire businesses to transmit new expansions to support the delivery of the latest machinery and robotics around different areas.
Key Takeaways:
North America has noted 32.5% market share in 2021.
Asia Pacific and Europe held 28% & 24.5% revenue share respectively in 2021.
Industrial robot type segment reported for 61.35% global market share in 2021 due to improved productivity because of analytical maintenance.
The main reason for such implementation is to get good quality and protect employees from damages that happen due to faulty machines. Robotic structures with artificial intelligence allow industry segments to develop extra flexibility in their actions. Artificial intelligence is the proficiency that replicates intelligent behavior acquires and accomplishes operations or processes. The acceptance of AI robots has improved owing to their extremely constant and accurate performance. So, robots are connected with the technology of artificial intelligence which supports in assisting daily jobs and industries jobs, thus reducing human interference.
Report Highlights:
Robots are becoming smarter and more self-directed though, they have an absence of ethical perception. Ethics are socially definite, developing continuously, and perpetually discussed, emerging a proper AI scheme is the most important challenge met by companies in the market of AI robots. The immense difficulty of decent perception is that there are no worldwide established human ethics.
Development in AI technology is being accepted in different industries outside unbiassed the technical and automotive industries. To improve productivity and efficiency health care, retail, and manufacturing are some segments that are initiated to use of AI robots.
AI robots are becoming extra customized and personalized with the support of machine education or learning which means that are intended for better appreciation and response to the desires of specific users.
AI robots are initiated the usage diversity of cameras and sensors in the direction to collect information and data. This development is expected to keep advancing in AI technology.
Normal language dispensation is an important part of AI study and is an accomplishment improved every time. A variation in settings of this better capacity to appreciate normal language will make extra beneficial AI robots.
ABB, AIBrain, Inc., Alphabet, Argo AI, LLC, Blue Frog Robotics & Buddy - Emotional Robot, Brain Corporation, CloudMinds Technology Inc., DataRobot, Inc., Fanuc, Hanson Robotics Ltd., Harman International Industries, IBM Corporation, Intel Corporation, International Business Machines Corporation, Kawasaki, Microsoft Corporation, Mitsubishi, Neurala, Inc., NVIDIA Corporation, Omron, Promobot, SoftBank Corp., UB Tech Robotics, Inc., Veo Robotics, Inc., Vicarious, Xilinx, Yaskawa
Regional Snapshot
Service robots are used for defense and armed military purposes. Drones are approved for numerous commercial purposes like entertainment media, law enforcement, precision agriculture, surveys, and inspection. The growing demand for AI-combined expressed amenity robots, particularly for underwater and medical importance, is boosting the market growth of AI robots in North America. Due to the increasing usage of AI robots in the manufacturing industry, healthcare businesses, automotive, and retail, the worldwide market of artificial intelligence (AI) robots are expected to develop knowingly.
The high acceptance of these AI robots in APAC can be credited to the important growth of the information technology network and well-established and vigorous customer in China and neighboring nations. Product development and lunches are likely to propose profitable opportunities for key players in the upcoming years. China and Japan are expected to give high growth opportunities for providers of AI robots.
Market Dynamics
Drivers
Executing robotics skills and connecting industrial robots during the manufacturing procedures has assisted manufacturing industries and allowed human workforces to offer additional time to other challenging ventures. Robots support whole repetitive responsibilities additional speedily and constantly as compared to human beings. This has better excellence, shortened threats for connections with unsafe responsibilities, and dropped the general operating expenses. Robotics skills are derived as choices as labor charges increase. The development in the technology of artificial intelligence has created robots effective and highly well-organized in executing different responsibilities.
AI robots in many industries like automotive, healthcare, manufacturing, and others are directed to a rise in demand. AI robots can execute different tasks more successfully and professionally as compared to human beings. Different governments are devoted to the growth of AI Robots in numerous applications like disaster management, search, rescue, and military. Many enterprises are capitalizing on AI robots to upsurge their efficiency and productivity. Because of this AI, robots can accomplish several tasks like customer service, and data entry more successfully as compared to humans.
Restraints
AI robots are extremely methodical and progressive and need distinct training and expert specialists for the function of these robots in different places. The acceptance of new skills or technologies like AI robots, and cloud computing is nowadays fetching schmoozed. These Robot systems can be hacked or slashed and their capabilities can be unfavorably used. Evolve and Ozobot recommends Evo which is armed with Ozo-Chat computer software for global messaging amongst Evo robots. The global defense and military segment are in the progress of seeing AI robots as a dynamic portion of any fighting convoy. Though, the absence of appropriate proficiency amongst specialists or the shortage of expert specialists and inadequate worker training related to the employed and developments of AI robots may control the acceptance of these robots in different occupational areas.
Opportunities
The growing acceptance of technologies like robots, and cloud computing is nowadays becoming interactive. For example, Evolve & Ozobot suggest Evo which is prepared with the Ozo-Chat software database for global messaging amongst Evo robots. The worldwide defense & military segment has started seeing AI-constructed robots as an important portion of any armed military and navy. These interactive robots can probably be hacked and their capabilities can be unfavorably used.
Challenges
AI-combined robots are acquiring or gaining grip with a growing condition of public or social robots to interrelate with people to support others. Industries are progressively directing on emerging robots that are appropriate for the whole family and good for the execution of the aforementioned responsibilities. Subordinate robots are essential to execute different tasks connecting household safety, elderly support, patient care, and companionship.
ABB launched novel SWIFTI™ and GoFa™ cobot relations, giving more rapidity and payloads, to garnish Single Arm YuMi® and YuMi® in the line-up of ABB’s cobot in Feb 2021. The company’s expansion in more-growing segments is enhanced by these cobots which include food, consumer goods, beverage, electronics, coordination, healthcare, and others, foremost to the increasing demand in numerous businesses for automation.
Jetson Nano™ 2GB Discoverer Kit is introduced into the market by NVIDIA in October 2020. The hand on projects is formed for the areas of intelligent IoT and robotics which are planned for learning and teaching AI.
CereProc and Hanson Robotics combined for an advanced AI venture, Sophia in May 2020. Using CereProc’s musical TTS organization. This night starring Jimmy Fallon Show, Sophia is the robot singing a duet path with a human. This collective combined AI project spring up Sophia into an improved AI-based artificial voice. This can transmit more amusing acts and is dramatic in actuality and also allows stating excitement, humor, uncertainty, and the odd feisty comment.
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