What is Artificial Intelligence Machines Market Scope?
Artificial intelligence refers to the ability of a machine to replicate or simulate intelligent human behavior such as analyzing and making judgments and decisions. Artificial intelligence has its origins in computer science and is a controversial field of philosophy. It has developed rapidly over the past few decades. AI use cases can now be found in all areas of society, for example in the digital voice assistants that are present in our smartphones or smart speakers. Customer support chatbots and industrial robots. The entire AI market encompasses a wide range of applications such as natural language processing, robotic process automation, and machine learning. Machines only have to do three things in every respect: They have to do their job as efficiently as possible, adapt to new framework conditions as quickly as possible, and be able to pass on this knowledge in the future with processes and systems in an intelligent way.
The Artificial Intelligence Machines market study is being classified by Type (Cartesian, SCARA, Cylindrical, Delta, Polar and Vertically Articulated), by Application (Arc Welding, Spot Welding, Material Handling, Machine Tending and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from Japanese will contribute to the maximum growth of Global Artificial Intelligence Machines market throughout the predicted period.
KUKA AG (Germany), Seiko Epson Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), ABB (Switzerland), DJI (China), Adept Technology (United States), Nachi-Fujikoshi (Japan), Fanuc (Japan), Denso Wave (Japan), DURR AG (Germany) and Yaskawa Electric Corporation (Japan) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Artificial Intelligence Machines market by Type, Application and Region.
On the basis of geography, the market of Artificial Intelligence Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
The Augsburg-based automation specialist KUKA and the automobile company BMW AG based in Munich had signed a framework agreement on April 15, 2020, for the purpose of delivery of around 5,000 robots for the new production lines and factories. KUKA industrial robots are used around the world at the BMW Group's international production sites to manufacture current and future generations of vehicle models. The various robot models from KUKA are mainly used in body-in-white production and other technologies.
On November 5th, 2020, DJI, the world's leading provider of civil drones and creative camera technology, launched the DJI Mini 2, a high-performance camera drone that packs impressive new features in a small, portable design in the safest drone category weighing less than 249 grams combined. DJI Mini 2, the successor to DJI's original Mavic Mini, is easy to fly and offers improved imaging capabilities, powerful flight performance, and vastly improved transmission technology for a longer and more reliable connection. Smart, pre-programmed modes have hereby been tweaked so as to capture eye-catching footage with just a few taps, while the various beginner tutorials and learning tools keep new pilots up to date on how to fly this fun new drone. With a variety of fun, safe and creative accessories, DJI Mini 2 users can thereby make the system their own with different kinds of personalized items or flaunt it with the illuminated display case.
Influencing Market Trend
- Increasing the Demand for One-Stop Solutions
- Rising Demand for More Safety Measures At Various End-Use Areas
- Improving Operational Efficiency in the Manufacturing Industry
Market Drivers
- Need For Enterprises to Understand and Analyze Visual Content to Gain Meaningful Insights
- Increasing Need to Reduce Production Costs
- Growing E-Commerce, Online Streaming, and Increasing Internet Penetration
- The Continuous Research and Innovation Directed By the Tech Giants
- The Adoption of AI Machines across Various Industries
Opportunities
- The Growing Adoption of Advanced Technologies in Industry Verticals, Such As Automotive, Healthcare, Retail, Finance, and Manufacturing
Restraints
- Limited Number of AI Experts
Challenges
- Concerns Regarding Data Privacy
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Artificial Intelligence Machines, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Customization available in this Study:
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