[164 Pages Report] Artificial Intelligence (AI) Robots Market categorizes global market by Robot Type (Service, Industrial), Offering (GPU, MPU), Technology (Machine Learning, Computer Vision), Application (Public Relations, Stock Management), and Geography.
Northbrook, IL -- (SBWIRE) -- 02/15/2018 -- According to the new market research report on the "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", the market is expected to grow from USD 3.49 Billion in 2018 to USD 12.36 Billion by 2023, at a CAGR of 28.78% during the forecast period.
Browse 78 tables and 56 figures spread through 164 pages and in-depth TOC on "Artificial Intelligence (AI) Robots Market - Global Forecast to 2023"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=120550497
Early buyers will receive 10% customization on reports.
The growth of the AI robots market is driven by factors such as the high adoption of robots for personal use, such as companionship and entertainment; and support from governments worldwide to develop modern technologies.
Software to capture the largest share of the AI robots market in 2018
Software is expected to hold the largest share of the AI robots market in 2018 owing to the advancements in AI software and related software development kits. AI systems require several types of software, including application program interfaces such as language, speech, vision, and sensor data, along with machine learning algorithms, to realize the applications of robotics. The software platforms and solutions are available at higher costs as the number of experts developing machine learning algorithms is limited.
Market for computer vision to grow at a high rate during the forecast period
Various AI technologies are being adopted in several robotics applications to achieve complete automatization. However, computer vision plays a vital role in robots as they cannot understand human hand signals or any other gesture without this technology. Due to this, the AI robots market for computer vision is expected to grow at a high rate during the forecast period.
APAC to hold the largest share of the AI robots market during the forecast period
Among the 4 regions considered (North America, Europe, APAC, and RoW) in report, APAC is expected to hold the largest share of the AI robots market during the forecast period (2018–2023). Countries such as China, Japan, and Republic of Korea contribute to the growth of the AI robots market in APAC. Also, the increasing adoption of deep learning and NLP technologies for retail and security applications is driving the growth of the market in this region.
The AI robots market is currently dominated by players such as SoftBank (Japan), Hanson Robotics (China), Amazon (US), Alphabet (US), and NVIDIA (US). Applied Brain Research (US), Insightness (US), and Promobot (Russia) are some of the key emerging players in the AI robots market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441