Commercial artificial intelligence robots are a combination of artificial intelligence and robotics in which the AI software is embedded in the robotic systems. Several companies have invested in this area to explore the astounding potential of AI robots in commercial space.
The continuous technological development in the areas of collaborative artificial intelligence robots as well as cartisan or gantry robots is fueling the growth of the market. For instance, in February 2021, Industrial robotics maker ABB partnered with artificial intelligence startup Covariant to create robots that can be used in warehouses.
In addition to this, the growing strategic actions by leading companies, massive acceptance of robots in different industries such as healthcare, retail, and defense is facilitating the commercial artificial intelligence robots market growth across the world. On the other hand, several regulations to control risks and the limitations of commercial AI robots to less number and types of tasks remain a key challenge. However, technological advancements for continuous upgradation of the AI robots are likely to create beneficial opportunities for the growth of the market.
The global commercial artificial intelligence robots market is divided based on robot type, offering, technology, end use industry, 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 market is further classified into hardware and software. The technology segment consists of machine learning, natural language processing (NLP), context awareness, and computer vision. On the basis of end use industry, the global commercial artificial intelligence robots is separated 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 commercial artificial intelligence robots market. The rising acceptance of AI robots in several industries in countries like Japan and China are boosting the growth of the market in this region. In addition to this, growing demand for artificial intelligence robots in healthcare industry is fostering its demand in this region. Moreover, North America holds a substantial share owing to the increase in the investment done by key players in countries such as US and Canada. The European region is projected to grow considerably as there has been a decline in the recruitment of defense force equipment and personnel which is replaced by robotic technologies. Furthermore, the increasing disposable income in the Middle Eastern countries is expected to drive the commercial artificial intelligence robots market growth in the region.
The global commercial artificial intelligence robots industry is highly competitive and includes numerous players such as IBM, NVIDIA, Intel, Alphabet Softbank, Microsoft, Welltok, Inc., Google Inc., General Vision, Enlitic, Inc., Next IT Corporation, iCarbonX, Apple Inc., Facebook Inc., Siemens, General Electric, Micron Technology, Samsung, Iteris, Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, Raven Industries, Xilinx, Hanson Robotics, Promobot, Blue Frog Robotics, and Amazon, among others.
In January 2021, Samsung stated about the development of upgraded robots, including Samsung Bot Handy. This robot has the ability to pick up objects after scrutinizing their shapes, sizes, and weights via advanced artificial intelligence technology. Such new robots are highly useful in commercial industries, such as retail and health assistance areas. Such strategies facilitate the market growth.