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Artificial Intelligence (AI) Robots Market: Overview

The integration of artificial intelligence tools and technologies with robotics s fairly a recent one, but the profound potential has already begun to generate groundswell of attention among automation pioneers and players in the robotics industry. AI has been considered as akin to the brain of robots, with the effect being reflected in the growing trend of process automation becoming smarter than ever. The use cases have exploded, with businesses in diverse industries such as the healthcare, manufacturing, hospitality, and financial sector. A constantly learning robot fueled by machine learning algorithms is one of the key consumer propositions in the AI robots market.

Rise in interest of industry players to adopt robots with humanoid characterizations is a key driver for the evolution of the AI robots market. Advancements made in computer vision, cognitive automation, and machine learning technologies have opened up lucrative vistas for players in the market. AI has essentially become a key enabler for modern robots. In the recent years, new approaches in data science and robotic process automation have enriched the prospects of the AI robots market.

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Artificial Intelligence (AI) Robots Market: Drivers, Current Growth Dynamics, Lucrative Avenues

Roboticists have increasingly benefitted from the use of novel sensory materials and innovative computer vision technologies to impart a sense of touch to robotics. In this regard, computer vision training datasets have played a key role. The growing trend of intelligent process automation is a key factor that has spurred R&D in the AI robots market. In particular, self-aware robots have emerged as an interesting area for roboticists.

Imparting the sense of touch is a compelling business proposition underlying new product developments in the AI robots market. The growing incorporation of novel electronics and materials have enriched the prospects for players in the market. In general, the technologies for human-machine interaction have also made vast strides, thus propelling the growth of the AI robots market. The growing demand for AI-powered robots for patient care in healthcare notably to meet the healthcare needs of rapidly aging elderly societies in various developed nations is a key trend propelling the generation of lucrative opportunities.

Artificial Intelligence (AI) Robots Market: Competition Landscape and Key Developments

Over the years, technology companies, robotic manufacturers, and electronics companies are geared toward forming synergies for the development of new generation of AI robots. Several new players in the AI robots market have jumped onto the bandwagon, while technology heavyweights are plowing in dollars to leverage the market potential behind the marriage between AI and robotics.

Facebook and its partners have been on the path of enriching the sense of touch to robots by harnessing the potential of AI. They have demonstrated how electronic skin and fingertip can impart basic and reliable tactile sense to these inanimate objects. The company claims that the skin and the tip are versatile, replaceable, and are of low-cost skin for AI researchers to leverage new open source touch-sensing for advancing AI tactile sensing skills at scale and rapidly.

Other companies are also keen on unfold new vistas by unveiling new tactile designs to make AI robots to enable them sort of capabilities to see and feel the world. Several players intend to leverage machine learning and magnetic sensing for developing next-gen robots. Some of the key players in the AI robots market are Intel, Softbank, IBM, Fanuc, Xilinx and Alphabet Inc.

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Artificial Intelligence (AI) Robots Market: Regional Landscape

North America is a highly lucrative market. The region is projected to witness new avenues on the back of extensive R&D in robotics, machine learning, and computer vision technologies. Asia Pacific AI robots market has recently begun on attractive lodes of investments from robotics companies on developing humanoid robots.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Artificial Intelligence Ai Robots Market