Asia Pacific Artificial Intelligence (AI) Robots Market By Offering (Software and Hardware), By Application (Stock Management, Military & Defense, Industrial, Education & Entertainment, Law Enforcement, Security & Surveillance, Agriculture, Healthcare Assistance and Others), By Technology (Machine Learning, Computer Vision, Natural Language Processing and Context Awareness), By Robot Type (Government, Energy, Defense, Agriculture & Forestry, Media & Entertainment, Civil Engineering & Archaeology, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Artificial Intelligence (AI) Robots Market
Market Report Description
The Asia Pacific Artificial Intelligence (AI) Robots Market would witness market growth of 34.7% CAGR during the forecast period (2021-2027).
AI technology allows robots to connect and interact with other humans as well as robots. Such kinds of robots are highly used by various companies to boost efficiency and bring down labor cost. Artificial Intelligence (AI) robots are the service and industrial robots, which are equipped with artificial intelligence (AI) technology to reduce human efforts. Key factors boosting the market growth include the increasing adoption of robots for personal usage like entertainment and growing demand for industrial robots.
There is a growing demand for AI robots across various verticals including healthcare, defense, automobile, construction, and others. Due to this, the growth of the artificial intelligence robots market would augment in this region during the forecast period. In addition, the surging demand for industrial AI robots and the adoption of AI robots in the healthcare sector at a fast pace are among the key determinants bolstering the growth of the artificial intelligence robots market in this region.
Various nations in this region like China and India are severely hit by the COVID-19 pandemic, which has created the demand for AI robots in the healthcare sector in order to improve communication among COVID infected patients and doctors. Owing to this surging demand, the regional artificial intelligence market would witness significant growth in the coming years.
The China market dominated the Asia Pacific Artificial Intelligence (AI) Robots Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,928.7 million by 2027. The Japan market is estimated a CAGR of 34% during (2021 - 2027). Additionally, The India market would experience a CAGR of 35.5% during (2021 - 2027).
Based on Offering, the market is segmented into Software and Hardware. Based on Application, the market is segmented into Stock Management, Military & Defense, Industrial, Education & Entertainment, Law Enforcement, Security & Surveillance, Agriculture, Healthcare Assistance and Others. Based on Technology, the market is segmented into Machine Learning, Computer Vision, Natural Language Processing and Context Awareness. Based on Robot Type, the market is segmented into Government, Energy, Defense, Agriculture & Forestry, Media & Entertainment, Civil Engineering & Archaeology, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SoftBank Group Corporation, NVIDIA Corporation, Intel Corporation, Microsoft Corporation, IBM Corporation, Hanson Robotics Limited, KUKA AG, Xilinx, Inc., ABB Group, and FANUC Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Stock Management
- Military & Defense
- Education & Entertainment
- Law Enforcement, Security & Surveillance
- Healthcare Assistance
- Machine Learning
- Computer Vision
- Natural Language Processing
- Context Awareness
By Robot Type
- Service Robots
- Industrial Robots
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- SoftBank Group Corporation
- NVIDIA Corporation
- Intel Corporation
- Microsoft Corporation
- IBM Corporation
- Hanson Robotics Limited
- KUKA AG
- Xilinx, Inc.
- ABB Group
- FANUC Corporation
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