About Intelligent Robot
Artificial intelligence (AI) and robotics are one of the powerful combination for automating tasks In recent years, AI becomes an increasingly common presence in robotic solutions, introducing flexibility and learning capabilities in previously rigid applications. Intelligent robots offer features such as learning, and self-correction using machine learning technology. The growth of the intelligent robot market is driven by a rise in industrial automation, the advancement of robotics and strong government funding for automation solutions. However, high manufacturing costs and insecure connections with robots limit the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Intelligent Robot market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Anki (United States), Argo AI, LLC (United States), Blue Frog Robotics (United States), Brain Corporation (United States), CloudMinds (United States), Mayfield Robotics (United States), Nvidia Corporation (United States), Promobot LLC (Russia), GSK (United Kingdom), Robotics Hanson, Inc. (Hong Kong) and UBTech Robotics Limited (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Comau (Italy), Fanuc (Japan), Siasun (China), Staubli (Switzerland), Yaskawa (Japan), Nachi (Japan) and Kuka (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Robot market by and Region.
On the basis of geography, the market of Intelligent Robot 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). If we see Market by Industrial Application, the sub-segment i.e. Automotive will boost the Intelligent Robot market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Application, the sub-segment i.e. Personal {Domestic, Entertainment & Others} will boost the Intelligent Robot market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usage in Manufacturing Sector, the sub-segment i.e. Assembly will boost the Intelligent Robot market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Intelligent Robot market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Technologies Such As Artificial Intelligence and Machine Learning
Market Growth Drivers:
Growing Adoption of Autonomous Robots for Professional Services, Increasing Investments Toward Industrial Automation and Growing Government Aid for R&D of AI-Enabled Robots
Challenges:
Safety Concerns Due to Complex High-Level Interfacing
Restraints:
High Initial R&D Expenditure and High Cost Associated With Intelligent Robot
Opportunities:
Rise in Demand for Personal Services and Huge Potential in Developing Countries
Market Leaders and their expansionary development strategies
In July 2021, Zebra Technologies Corporation, an innovator at the front line of business with solutions and partners that deliver a performance edge, has acquired Fetch Robotics, a pioneer in on-demand automation. Fetch’s Autonomous Mobile Robots (AMRs) are used for optimized picking in fulfillment centers and distribution centers,The acquisition of Fetch Robotics will accelerate our Enterprise Asset Intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows and helping our customers operate more efficiently in increasingly automated, data-powered environments
Key Target Audience
Raw material and manufacturing equipment suppliers, Electronic design automation (EDA) and design tool vendors, Original equipment manufacturers (OEMs), Integrated device manufacturers (IDMs), Original design manufacturers (ODMs), ODM and OEM technology solution providers, Assembly, testing, and packaging vendors, Technology, service, and solution providers, Intellectual property (IP) core and licensing providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.