Europe 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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Market Report Description
The Europe Artificial Intelligence (AI) Robots Market would witness market growth of 31.3% CAGR during the forecast period (2021-2027).
Artificial intelligence technology helps machines or computers to communicate and behave like human intelligence. Robots embedded with AI help in performing a broad range of applications and activities across the industrial and individual levels, which remarkably bring down the human efforts. The dependency on AI has increased across various industrial verticals including electrical & electronics, automotive, food & beverage, manufacturing, construction, agriculture, military, logistics & transportation, healthcare, and packaging.
The increasing demand for AI-enabled robots across various industries is among the key aspects augmenting the growth of the regional market during the forecast period. These robots are highly implemented by various companies to automate operations along with boosting the productivity. Along with that, the rising investment by the governments to strengthen the AI and robotics industry would also contribute to the surging growth of the artificial intelligence robots market in this region.
The Germany market dominated the Europe Artificial Intelligence (AI) Robots Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,519.5 million by 2027. The UK market is estimated to grow at CAGR of 30.4% during (2021 - 2027). Additionally, The France would witness a CAGR of 32.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Rest of Europe
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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