HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: SE 5988

 

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The artificial intelligence (AI) robots market was valued at USD 2.84 Billion in 2017 and is expected to reach USD 12.36 Billion by 2023, at a CAGR of 28.78% during the forecast period. High adoption of robots for personal use, such as companionship and entertainment; support from governments worldwide to develop modern technologies; and financial assistance through government budgets or subsidies are some of the key factors driving the growth of the AI robots market. The report includes detailed information about the drivers, restraints, opportunities, and challenges pertaining to the AI robots market. Artificially intelligent robots refer to service and industrial robots that are integrated with artificial intelligence (AI) technology. These robots can learn a few repetitive tasks without any human intervention and can even communicate with humans or in some cases with other peer robots. Hardware such as AI processors and network devices, along with AI platform, are the key differentiating components of an AI robot from a traditional robot. The objectives of the study also include:

  • To define, describe, and forecast the artificial intelligence (AI) robots market, in terms of value, segmented on the basis of offering, technology, robot type, application, and geography
  • To forecast the market size, in terms of value, for various segments with regard to 4 main regions:  North America, Europe, Asia-Pacific (APAC), and RoW
  • To provide a detailed overview of the value chain pertaining to the AI robots market
  • To strategically analyze the micromarkets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the AI robots market
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, product launches & developments, and research & developments in the AI robots market

Years considered for this report:

Base Year: 2017
Estimated Year: 2018
Projected Year: 2023
Forecast Period: 2018–2023

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the AI robots market and other dependent submarkets. The key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) into the AI robots market.

Artificial Intelligence (AI) in Robots Market

To know about the assumptions considered for the study, download the pdf brochure

The AI robots market ecosystem comprises AI technology providers such as NVIDIA (US), Intel (US), IBM (US), Microsoft (US), Xilinx (US), and Alphabet (US). Softbank (Japan), Hanson Robotics (China), Amazon (US), Blue Frog Robotics (France), and Promobot (Russia) are a few major manufacturers of AI-integrated robots. This ecosystem also includes AI software and platform suppliers such as AIBrain (US) and DataRobot (US).

Key Target Audience:

  • Original equipment manufacturers (OEMs)
  • OEM technology solution providers
  • Research institutes
  • Market research and consulting firms
  • Forums, alliances, and associations
  • Technology investors
  • Governments and financial institutions
  • Analysts and strategic business planners
  • End users of AI-integrated robots

This study answers several questions for stakeholders, primarily which market segments to focus in the next 2 to 5 years (depending on the range of forecast period) for prioritizing their efforts and investments.

Scope of the Report:

In this report, the AI robots market has been segmented into the following categories:

By Robot Type:

  • Service Robots
  • Industrial Robots

By Offering

  • Hardware
    • Processors
      • MPUs
      • GPUs
      • FPGAs
      • ASICs
    • Storage Devices
    • Network Devices
  • Software
    • AI Platforms
    • AI Solutions

By Technology:

  • Machine Learning
  • Natural Language Processing (NLP)
  • Context Awareness
  • Computer Vision

By Application:

  • Military & Defense
    • Spying
    • Search and Rescue Operations
    • Border Security
    • Combat Operations
  • Law Enforcement
    • Road Patrolling
    • Riot Control
  • Personal Assistance and Caregiving
    • Elderly Assistance
    • Companionship
    • Security and Surveillance
  • Public Relations
    • Reception Care at Commercial Places
    • Tour Guidance
  • Education and Entertainment
  • Research and Space Exploration
  • Industrial
  • Agriculture
  • Healthcare Assistance
  • Stock Management
  • Others

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • Japan
    • Republic of Korea
    • India
    • Rest of APAC
  • RoW
    • South America
    • Middle East and Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the AI robots market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of product portfolio of each company.

Company Information

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Artificial Intelligence (AI) Robots Market
    4.2 AI Robots Market, By Robot Type and Offering
    4.3 AI Robots Market, By Technology
    4.4 AI Robots Market in APAC, By Application and Country
    4.5 AI Robots Market, By Country

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Adoption of Robots for Personal Use Such as Companionship and Entertainment
                    5.2.1.2 Support From Governments Worldwide to Develop Modern Technologies
           5.2.2 Restraints
                    5.2.2.1 Reluctance to Adopt New Technologies
                    5.2.2.2 Absence of Standardized Regulations to Prevent Risks Associated With Networked and Autonomous Robots
           5.2.3 Opportunities
                    5.2.3.1 Focus on Developing Robots With Special Application Cases That Work and Add Value
                    5.2.3.2 Increasing Aging Population Worldwide Boosting the Demand for AI-Based Robots for Elderly Assistance
           5.2.4 Challenges
                    5.2.4.1 Developing AI to Help Robots Make Better Decisions and Make Them Safe for Humans
                    5.2.4.2 Long Time to Commercialize Robots
    5.3 Value Chain Analysis

6 Artificial Intelligence (AI) Robots Market, By Offering (Page No. - 40)
    6.1 Introduction
    6.2 Software
           6.2.1 AI Solutions
           6.2.2 AI Platforms
    6.3 Hardware
           6.3.1 Processors
           6.3.2 Storage Devices
           6.3.3 Network Devices

7 Artificial Intelligence (AI) Robots Market, By Robot Type (Page No. - 46)
    7.1 Introduction
    7.2 Service Robots
           7.2.1 Ground
           7.2.2 Aerial
           7.2.3 Underwater
    7.3 Industrial Robots
           7.3.1 Traditional Industrial Robots
                    7.3.1.1 Articulated Robots
                    7.3.1.2 Scara Robots
                    7.3.1.3 Parallel Robots
                    7.3.1.4 Cartesian Robots
                    7.3.1.5 Other Robots
           7.3.2 Collaborative Industrial Robots

8 Artificial Intelligence (AI) Robots Market, By Technology (Page No. - 54)
    8.1 Introduction
    8.2 Machine Learning
    8.3 Computer Vision
    8.4 Context Awareness
    8.5 Natural Language Processing

9 Artificial Intelligence (AI) Robots Market, By Application (Page No. - 61)
    9.1 Introduction
    9.2 Military & Defense
           9.2.1 Spying
           9.2.2 Search and Rescue Operations
           9.2.3 Border Security
           9.2.4 Combat Operations
    9.3 Law Enforcement
           9.3.1 Road Patrolling
           9.3.2 Riot Control
    9.4 Personal Assistance and Caregiving
           9.4.1 Elderly Assistance
           9.4.2 Companionship
           9.4.3 Security and Surveillance
    9.5 Public Relations
           9.5.1 Reception Care at Commercial Places
           9.5.2 Tour Guidance
    9.6 Education and Entertainment
           9.6.1 Education
           9.6.2 Entertainment
    9.7 Research and Space Exploration
    9.8 Industrial
    9.9 Agriculture
    9.10 Healthcare Assistance
    9.11 Stock Management
    9.12 Others

10 Geographic Analysis (Page No. - 95)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 Republic of Korea
             10.4.4 India
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 South America
             10.5.2 Middle East and Africa

11 Competitive Landscape (Page No. - 106)
     11.1 Introduction
     11.2 AI Robots Market Ranking Analysis, 2017
     11.3 Competitive Situations and Trends
             11.3.1 Product Launches
             11.3.2 Partnerships and Collaborations
             11.3.3 Acquisitions
             11.3.4 Contracts and Agreements
             11.3.5 Expansions

12 Company Profiles (Page No. - 112)
     12.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             12.1.1 Softbank
             12.1.2 Hanson Robotics
             12.1.3 Nvidia
             12.1.4 Intel
             12.1.5 Microsoft
             12.1.6 IBM
             12.1.7 Alphabet
             12.1.8 Harman International Industries
             12.1.9 Xilinx
             12.1.10 ABB
             12.1.11 Fanuc
             12.1.12 Kuka
             12.1.13 Amazon
             12.1.14 Blue Frog Robotics
             12.1.15 Promobot
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     12.2 Key Innovators
             12.2.1 Jibo
             12.2.2 Asustek Computer
             12.2.3 Mayfield Robotics
             12.2.4 Bsh Hausgerδte
             12.2.5 LG
             12.2.6 Neurala

13 Appendix (Page No. - 150)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (79 Tables)

Table 1 AI Robots Market, By Offering, 2015–2023 (USD Billion)
Table 2 AI Robots Market for Software, By Type, 2015–2023 (USD Billion)
Table 3 AI Robots Market for Hardware, By Component, 2015–2023 (USD Million)
Table 4 AI Robots Market for Hardware, By Component, 2015–2023 (Units)
Table 5 AI Robots Market for Processors, By Type, 2015–2023 (USD Million)
Table 6 AI Robots Market, By Robot Type, 2015–2023 (USD Million)
Table 7 AI Robots Market, By Technology, 2015–2023 (USD Billion)
Table 8 AI Robots Market for Machine Learning Technology, By Application, 2015–2023 (USD Million)
Table 9 AI Robots Market for Computer Vision Technology, By Application, 2015–2023 (USD Million)
Table 10 AI Robots Market for Context Awareness Technology, By Application, 2015–2023 (USD Million)
Table 11 AI Robots Market for NLP Technology, By Application, 2015–2023 (USD Million)
Table 12 AI Robots Market, By Application, 2015–2023 (USD Million)
Table 13 AI Robots Market for Military & Defense, By Region, 2015–2023 (USD Million)
Table 14 AI Robots Market for Military & Defense Applications in North America, By Country, 2015–2023 (USD Million)
Table 15 AI Robots Market for Military & Defense Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 16 AI Robots Market for Military & Defense Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 17 AI Robots Market for Military & Defense Applications in RoW, By Region, 2015–2023 (USD Million)
Table 18 AI Robots Market for Law Enforcement Applications, By Region, 2015–2023 (USD Million)
Table 19 AI Robots Market for Law Enforcement Applications in North America, By Country, 2015–2023 (USD Million)
Table 20 AI Robots Market for Law Enforcement Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 21 AI Robots Market for Law Enforcement Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 22 AI Robots Market for Law Enforcement Applications in RoW, By Region, 2015–2023 (USD Million)
Table 23 AI Robots Market for Personal Assistance and Caregiving Applications, By Region, 2015–2023 (USD Million)
Table 24 AI Robots Market for Personal Assistance and Caregiving Applications in North America, By Country, 2015–2023 (USD Million)
Table 25 AI Robots Market for Personal Assistance and Caregiving Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 26 AI Robots Market for Personal Assistance and Caregiving Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 27 AI Robots Market for Personal Assistance and Caregiving Applications in RoW, By Region, 2015–2023 (USD Million)
Table 28 AI Robots Market for Public Relation Applications, By Region, 2015–2023 (USD Million)
Table 29 AI Robots Market for Public Relation Applications in North America, By Country, 2015–2023 (USD Million)
Table 30 AI Robots Market for Public Relation Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 31 AI Robots Market for Public Relation Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 32 AI Robots Market for Public Relation Applications in RoW, By Region, 2015–2023 (USD Million)
Table 33 AI Robots Market for Education and Entertainment Applications, By Region, 2015–2023 (USD Million)
Table 34 AI Robots Market for Education and Entertainment Applications in North America, By Country, 2015–2023 (USD Million)
Table 35 AI Robots Market for Education and Entertainment Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 36 AI Robots Market for Eduction and Entertainment in APAC, By Country/Region, 2015–2023 (USD Million)
Table 37 AI Robots Market for Education and Entertainment Applications in RoW, By Region, 2015–2023 (USD Million)
Table 38 AI Robots Market for Research and Space Exploration Applications, By Region, 2015–2023 (USD Million)
Table 39 AI Robots Market for Research and Space Exploration Applications in North America, By Country, 2015–2023 (USD Million)
Table 40 AI Robots Market for Research and Space Exploration Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 41 AI Robots Market for Research and Space Exploration Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 42 AI Robots Market for Research and Space Exploration Applications in RoW, By Region, 2015–2023 (USD Million)
Table 43 AI Robots Market for Industrial Applications, By Region, 2015–2023 (USD Million)
Table 44 AI Robots Market for Industrial Applications in North America, By Country, 2015–2023 (USD Million)
Table 45 AI Robots Market for Industrial Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 46 AI Robots Market for Industrial Application in APAC, By Country/Region, 2015–2023 (USD Million)
Table 47 AI Robots Market for Industrial Applications in RoW, By Region, 2015–2023 (USD Million)
Table 48 AI Robots Market for Agricultural Applications, By Region, 2015–2023 (USD Million)
Table 49 AI Robots Market for Agricultural Applications in North America, By Country, 2015–2023 (USD Million)
Table 50 AI Robots Market for Agricultural Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 51 AI Robots Market for Agricultural Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 52 AI Robots Market for Agricultural Applications in RoW, By Region, 2015–2023 (USD Million)
Table 53 AI Robots Market for Healthcare Assistance Applications, By Region, 2015–2023 (USD Million)
Table 54 AI Robots Market for Healthcare Assistance Applications in North America, By Country, 2015–2023 (USD Million)
Table 55 AI Robots Market for Healthcare Assistance Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 56 AI Robots Market for Healthcare Assistance Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 57 AI Robots Market for Healthcare Assistance Applications in RoW, By Region, 2015–2023 (USD Million)
Table 58 AI Robots Market for Stock Management Applications, By Region, 2015–2023 (USD Million)
Table 59 AI Robots Market for Stock Management Applications in North America, By Country, 2015–2023 (USD Million)
Table 60 AI Robots Market for Stock Management Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 61 AI Robots Market for Stock Management Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 62 AI Robots Market for Stock Management Applications in RoW, By Region, 2015–2023 (USD Million)
Table 63 AI Robots Market for Other Applications, By Region, 2015–2023 (USD Million)
Table 64 AI Robots Market for Other Applications in North America, By Country, 2015–2023 (USD Million)
Table 65 AI Robots Market for Other Applications in Europe, By Country/Region, 2015–2023 (USD Million)
Table 66 AI Robots Market for Other Applications in APAC, By Country/Region, 2015–2023 (USD Million)
Table 67 AI Robots Market for Other Applications in RoW, By Region, 2015–2023 (USD Million)
Table 68 AI Robots Market, By Region, 2015–2023 (USD Million)
Table 69 AI Robots Market in North America, By Country, 2015–2023 (USD Million)
Table 70 AI Robots Market in Europe, By Country/Region, 2015–2023 (USD Million)
Table 71 AI Robots Market in APAC, By Country/Region, 2015–2023 (USD Million)
Table 72 AI Robots Market in RoW, By Region, 2015–2023 (USD Million)
Table 73 Ranking of Top 5 Player in AI Robots Market for Hardware, 2017
Table 74 Ranking of Top 5 Players in AI Robots Market for Software, 2017
Table 75 Product Launches, 2015–2017
Table 76 Partnerships and Collaborations, 2015–2017
Table 77 Acquisitions, 2015–2017
Table 78 Contracts and Agreements, 2015–2017
Table 79 Expansions, 2015–2017


List of Figures (51 Figures)

Figure 1 Segmentation of the AI Robots Market
Figure 2 AI Robots Market: Research Design
Figure 3 AI Robots Market: Bottom-Up Approach
Figure 4 AI Robots Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market for Service Robots to Grow at A Higher CAGR During the Forecast Period
Figure 7 Software to Hold A Larger Share of the AI Robots Market in 2018
Figure 8 AI Robots Market for Computer Vision Technology to Grow at the Highest CAGR During the Forecast Period
Figure 9 AI Robots Market for Stock Management Applications to Grow at the Highest CAGR During the Forecast Period
Figure 10 APAC to Hold Largest Share of the AI Robots Market in 2018
Figure 11 Increasing Adoption of Robots for Personal Use to Drive the Growth of the AI Robots Market During the Forecast Period
Figure 12 Software to Hold the Largest Share of the AI Robots Market in 2018
Figure 13 Machine Learning to Hold the Largest Share of the AI Robots Market in 2018
Figure 14 Military & Defense Applications to Hold the Largest Share of the AI Robots Market in APAC in 2018
Figure 15 US to Hold the Largest Share of the AI Robots Market in 2018
Figure 16 High Adoption of Robots for Personal Use Such as Companionship and Entertainment to Drive the AI Robots Market During the Forecast Period
Figure 17 Population Aged 65 Years and Above to Reach 1 Billion By 2030
Figure 18 Value Chain Analysis of AI Robots Ecosystem: R&D and Manufacturing Phases Contribute Maximum Value
Figure 19 Software to Hold A Larger Size of the AI Robots Market in 2018
Figure 20 Processors to Hold the Largest Size of the AI Robots Market for Hardware in 2018
Figure 21 Market for Service Robots is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Representation of A 6-Axis Articulated Robot
Figure 23 Representation of A 4-Axis Scara Robot
Figure 24 Representation of A Parallel Robot
Figure 25 Representation of A Cartesian Robot
Figure 26 AI Robots Market, By Technology
Figure 27 Machine Learning to Hold the Largest Size of the AI Robots Market in 2018
Figure 28 AI Robots Market for Stock Management Applications to Grow at the Highest CAGR During the Forecast Period
Figure 29 AI Robots Market for Law Enforcement Applications in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 30 AI Robots Market for Public Relation Applications in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 31 AI Robots Market for Agricultural Applications in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 32 AI Robots Market for Stock Management Applications in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 33 AI Robots Market in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 34 APAC to Dominate the AI Robots Market in 2018
Figure 35 Snapshot of AI Robots Market in North America
Figure 36 Snapshot of AI Robots Market in Europe
Figure 37 Snapshot of AI Robots Market in APAC
Figure 38 Players in the AI Robots Market Adopted Product Launches as Their Key Growth Strategy January 2015 and October 2017
Figure 39 Product Launches, Partnerships, and Collaborations Emerged as Key Business Strategies Adopted By Market Players Between January 2015 and October 2017
Figure 40 Softbank: Company Snapshot
Figure 41 Nvidia Corporation: Company Snapshot
Figure 42 Intel: Company Snapshot
Figure 43 Microsoft: Company Snapshot
Figure 44 IBM: Company Snapshot
Figure 45 Alphabet: Company Snapshot
Figure 46 Harman International Industries: Company Snapshot
Figure 47 Xilinx: Company Snapshot
Figure 48 ABB: Company Snapshot
Figure 49 Fanuc: Company Snapshot
Figure 50 Kuka: Company Snapshot
Figure 51 Amazon: Company Snapshot

The artificial intelligence (AI) robots 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% between 2018 and 2023. Support from governments worldwide to develop modern technologies is driving the growth of the market. Further, the high adoption of robots for personal use, such as companionship and entertainment, is propelling the growth of the AI robots market.

Service robots are expected to hold the major share of the AI robots market in 2018; the market for these robots is expected to grow at a high rate during the forecast period. Service robots are used for various applications worldwide. The increasing adoption of these robots for personal use, such as companionship and entertainment, is driving the growth of the market for service robots.

Among all technologies, machine learning is expected to hold the largest share of the AI robots market during the forecast period. Machine learning enables robots to analyze and learn from different working environment, thereby making the robots safer and efficient. This technology aids in creating accurate models that can guide future actions and rapidly identify patterns at a scale that was not achievable before. The market for computer vision is expected to grow at a high rate between 2018 and 2023.

Software is expected to hold a major share of the AI robots market during the forecast period. The software integrated into an AI system is responsible for carrying out complex operations and provide learning capabilities, resulting in the larger size of the software market. The market for hardware is expected to grow at a high rate during the forecast period.

Among all applications, military & defense applications are expected to hold the largest share of the AI robots market in 2018. Increasing budgetary constraints, along with the decline in the recruitment of defense force personnel and equipment by countries in the Americas and Europe, necessitate the development of innovative and cost-effective robots to accomplish military missions. The market for stock management applications is expected to grow at the highest rate during the forecast period.

Among all regions, APAC is expected to hold the largest share of the AI robots market in 2018; the market in this region is expected to grow at the highest rate during the forecast period. 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.

Artificial Intelligence (AI) in Robots Market

Artificially intelligent robots refer to service and industrial robots that are integrated with artificial intelligence (AI) technology. These robots can learn a few repetitive tasks without any human intervention and can even communicate with humans or in some cases with other pier robots. Hardware such as AI processors and network devices, along with AI platform, are the key differentiating components of an AI robot from a traditional robot. Over the decade, there have been numerous technological advancements in robot-related hardware and software. Several new sensors, such as stretchable and flexible optical sensors, have been integrated into robots. However, the development of software to handle robots by using sensors and make them AI-embedded is a difficult task. As robots thrive on complex software, errors and vulnerabilities are likely to lurk, resulting in potential fatalities. Hence, the acceptance rate of technologically advanced robots is slow; this is one of the major factors restraining the growth of the AI robots market.

NVIDIA is among the world leaders in the visual computing business. The company has a well-established geographic footprint and mainly deals with major OEMs/ ODMs worldwide. In addition, it has gained the first mover advantage with the launch of DGX-1, a complete integrated system for deep learning technology. The system includes deep learning software and hardware, which can be used to develop new deep learning technologies/products. The company invests significantly in R&D (21.10%, 26.6%, and 28.90% of its total revenue in 2017, 2016, and 2015, respectively). As of October 2017, it made a total R&D investment of USD 12 billion since its inception. Moreover, it has 7,300 patents with inventions pertaining to modern computing, and more than 71% of its total employees (6,566) in R&D. This has resulted into its strong organic growth and robust positioning, in terms of hardware product development, in the AI market. In addition, with products such as Tegra, NVIDIA aims to establish its supercomputing capabilities in autonomous driving. Further, the company focuses on developing multiple generations of GPUs and Tegra processors for high-performance computing and future AI needs.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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