“High labour cost in western countries and implementation of According to Goldstein Research.” Moreover, AI-based robotics can be deployed in extreme environments to create safer working environment for people, as well as supporting advances in industry and public service to make them more productive.AI based robotics to achieve significant savings with regard to cost of labours and products
Global AI Robotics Market Outlook 2024
Global Artificial Intelligence market is segmented based on technology, by offering type and by end users. Technology segment is further bifurcated into natural language processing, machine learning, virtual personal assistant, querying method and global AI robotics market The context aware processing. In 2016, machine learning accounted for the highest revenue share of more than 45% and is likely to dominate the market over the forecast period.
Based on end users, manufacturing industry accounted for the largest market share of global AI robotics. Manufacturing industry accounted for 65.0% market share of AI robotics and is expected to reach over 70.0% during the forecast period.
North America is the largest region for AI Robotics market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. North America AI Robotics market valued USD 0.228 billion in 2016 and is estimated to reach USD 5.9 billion by 2024. United States is expected to dominate the AI robotics market followed by Canada due owing to rapid adoption of advanced technologies in these countries.
Policy Initiative by Governments: Major Breakthrough
Many governments across the globe has pushed the stress on channelling investments to drive discovery and insight in the field of AI and MI (machine learning). For instance, the government of South Korea (Ministry of Science, ICT and Future Planning) has been investing in project ‘ExoBrain’ from 2013 with investment of around USD 97 million which will last for 10 years. Continuous investments by big companies and governments in innovation and development of AI technology will boost the growth of AI robotics market in coming years.
Artificial intelligence robotics market report contains detailed overview of the global AI robotics market in terms of market segmentation by technology, by offering type and by end users.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global AI robotics Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Google Inc., IBM Corp., Microsoft Corporation, General Vision Inc., Intel Corporation, Numenta, Inc., Baidu, Inc., Inbenta Technologies etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global AI robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their Overall, the report represents comprehensive synopsis on the global AI robotics market centric strategies according to the ongoing and expected trends in the future.
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