The AI Robots market is expected to grow from USD 6.9 billion in 2021 to USD 35.3 billion by 2026; it is expected to grow at a CAGR of 38.6 % during the forecast period. Military and defence, law enforcment, industrial, agriculture and education are the key applications that dominate the AI Robots market and also contribute significantly to its growth.
Major players in the AI Robots market have primarily adopted agreement, acquisition and partnership strategies to strengthen their position in the market.
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NVIDIA (US) and Intel (US) are among the major players in the AI Robots market.
NVIDIA develops GPUs and delivers value to its consumers through PC, mobile, and cloud architectures. From focus on PC graphics, the company now emphasizes machine learning and various other AI technologies. NVIDIA addresses four large markets: gaming, visualization, data center, and automotive. NVIDIA has two reportable segments: Graphics and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game-streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems. The Compute & Networking segment includes data center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; and Jetson for robotics and other embedded platforms. NVIDIA’s AI platforms accelerate both deep learning and machine learning workloads. The company has partnered with various industry leaders such as IBM, Microsoft, Oracle, SAP, and VMware to bring AI to enterprisers use. The NVIDIA EGX Edge AI platform is bringing AI to the world’s largest industries. Walmart, US Postal Service, Procter & Gamble, and Samsung Electronics are among the first customers of NVIDIA.
Intel provides computing, networking, data storage, and communication solutions worldwide. The company designs and develops key products and technologies that power the cloud and smart, connected world. Intel delivers computer, networking, and communication platforms to a broad set of customers, including OEMs, original design manufacturers (ODMs), cloud and communications service providers, and industrial, communications, and automotive equipment manufacturers. The company manufactures semiconductor chips, supplies the computing and communications industries with chips, boards, systems, and software that are integral in computers, servers, and networking and communications products. Intel has strengthened its AI division by acquiring Saffron Technologies (US) and Nervana Systems (US). Intel aims to make AI technology easily available to all with open data exchanges and initiatives. To meet this goal, the company has initiated the Intel Nervana AI Academy program, which has increased the accessibility to data, tools, training, and intelligent machines for developers, academics, and startups. Intel Corporation offers a wide range of products and technologies that enable AI. The company’s hardware offerings include processors, FPGAs, and DSPs, whereas the platforms include robotics and deep learning technology.
Artificial Intelligence (AI) Robots Market With COVID-19 Impact Analysis by Robot Type (Service, and Industrial), Technology (Machine Learning, Computer Vision, Context Awareness, and NPL), Offering, Application, and Geography - Global Forecast to 2026
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