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.
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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.
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.