The Latin America, Middle East and Africa Artificial Intelligence (AI) Robots Market is expected to witness market growth of 38.1% CAGR during the forecast period (2021-2027).
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. In addition, the high awareness among enterprises regarding the benefits of artificial intelligence robots is estimated to propel the growth of the AI robots market during the forecast period. These robots are highly implemented by various companies to automate operations along with boosting the productivity.
Companies are witnessing numerous benefits offered by artificial intelligence robots to the companies like better productivity, improved efficiency, and low cost of labor, due to these benefits, companies are highly adopting AI robots and fueling the growth of the regional AI robots market. In addition, several supportive government policies and initiatives to fuel the development of advanced robots in the region is expected to also accelerate the growth of the regional AI robots market. Thus, the increasing number of applications of AI robots across various business domains is expected to support the regional market growth in the coming years.
The Brazil market dominated the LAMEA Artificial Intelligence (AI) Robots Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $657.9 million by 2027. The Argentina market is poised to grow at a CAGR of 38.9% during (2021 - 2027). Additionally, The UAE market is expected to exhibit a CAGR of 37.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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:
By Offering
- Software
- Hardware
By Application
- Stock Management
- Military & Defense
- Industrial
- Education & Entertainment
- Law Enforcement, Security & Surveillance
- Agriculture
- Healthcare Assistance
- Others
By Technology
- Machine Learning
- Computer Vision
- Natural Language Processing
- Context Awareness
By Robot Type
- Service Robots
- Industrial Robots
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- SoftBank Group Corporation
- NVIDIA Corporation
- Intel Corporation
- Microsoft Corporation
- IBM Corporation
- Hanson Robotics Limited
- KUKA AG
- Xilinx, Inc.
- ABB Group
- FANUC Corporation
Methodology
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