Artificial intelligence robots are a revolutionary breakthrough that can help the operations of different companies in a vast array of industries. The rising strategic activities by prominent players, immense adoption of robots currently for personal use, including entertainment and companionship, is facilitating the global artificial intelligence robots market growth across the world. For instance, in January 2021, Samsung announced about the development of upgraded robots, such as Samsung Bot Handy, which has the ability to pick up objects after scrutinizing their shapes, sizes, and weights with the help of advanced artificial intelligence technology. Such new robots are highly useful in retail and assistance industries.
Moreover, the rising support provided by government, as well as non-government agencies, to help the companies incorporate innovative technologies in the robot development process will boost the market growth. Many governments over the world are also providing financial assistance, such as subsidies, budgets, and loans, for innovator firms to venture and sustain in this industry. However, the data security concerns remain a challenge that the key players in the market need to focus upon.
The global artificial intelligence robots market is divided based on robot type, offering, technology, application, and region. Based on the robot type, the global market is split into service robots and industrial robots. On the basis of offering, the global artificial intelligence robots market is further classified into hardware and software. The hardware segment is further segmented into processors, storage devices, and network devices. The technology segment consists of machine learning, natural language processing (NLP), context awareness, and computer vision. On the basis of application, the global artificial intelligence robots is divided into military & defense, law enforcement, personal assistance & caregiving, public relations, education & entertainment, research & space exploration, industrial, stock management, and others.
Geographically, Asia Pacific region is expected to dominate the global artificial intelligence robots market. Factors such as the surging acceptance of deep learning and NLP in countries like Japan and South Korea are fueling the growth of the market in this region. North America holds a substantial share owing to the increase in retail applications, which push for the use of artificial intelligence robots. The European region is anticipated to grow significantly. In many European countries, there has been a decline in the recruitment of defense force equipment and personnel which is replaced by robotic technologies. Furthermore, the increasing income and spending in the Middle Eastern countries is expected to drive the artificial intelligence robots market growth in the region.
The global artificial intelligence robots industry is highly competitive and includes numerous players such as NVIDIA, IBM, Intel, Microsoft, Alphabet Softbank, Welltok, Inc., General Vision, Google Inc., Enlitic, Inc., iCarbonX, Next IT Corporation, Apple Inc., Siemens, Facebook Inc., General Electric, Samsung, Micron Technology, Iteris, Lifegraph, Atomwise, Inc., Sense.ly, Inc., Baidu, Inc., Zebra Medical Vision, Inc., H2O ai, Xilinx, Raven Industries, Hanson Robotics, Blue Frog Robotics, Promobot, and Amazon, among others. In June 2021, Nvidia made its Isaac Sim Robotics Simulation Software available in free open beta release. Such strategies aid in increasing the target audience of the company and ultimately facilitating the market growth.