Cognitive Robotics Market Synopsis:
As per the report published by Market Research
Future (MRFR), the global Cognitive Robotics Market is anticipated to witness
remarkable growth in the coming years. Cognitive robotics deals with providing
the robots with sophisticated processing architecture that allows it to perform
complex activities through perception, planning, anticipation, attention,
memory, reasoning, learning and others. It is a technology that has been
developed with the combination of cognitive science and robotics in order to
endow the robots with artificial intelligence.
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Market Drivers and Restraints:
The rapid development in the AI technology and
increasing demand for cognitive robotics technology in various sectors such as
healthcare, aerospace, military and defense, manufacturing, automotive and
others are majorly driving the growth of the global cognitive robotics market.
The rapid adoption of advanced technology to carry out complex functions in
dangerous environments in various industries is fueling the expansion of the
global cognitive robotics market.
The advanced capabilities embedded in robots through
cognitive robotics such as complex motor coordination, technique of learning
through imitation and autonomous knowledge acquisition are inducing high demand
for cognitive robotics across various verticals in the global market, which in
turn is impacting positively on the expansion of the global cognitive robotics
market.
The researchers are focusing on developing highly
modular symbol-processing architecture in cognitive robotics in order to
stimulate the performance while modeling symbolic and simplistic laboratory
data, leading to the growth of the global cognitive robotics market in the
coming years. However, the complexity related to the programming and
manufacturing of products facilitated with cognitive robotics technology is
likely to act as a restraint on the growth of the global cognitive robotics
market in the coming years.
Market Segmentation:
The global cognitive robotics market has been
segmented on the basis of learning type and application. Based on learning
type, the cognitive robotics market is segmented into motor babble, imitation
and knowledge acquisition. Based on application, the cognitive robotics market
is segmented into aerospace and defense, automotive, healthcare, consumer
electronics, commercial, and others. The rapid adoption of AI technology in
aerospace and defense and healthcare industry is leading to the significant
expansion of these segments in the global cognitive robotics market.
Regional Analysis:
The global cognitive robotics market has been
geographically segmented into four major regions such as North America, Asia
Pacific, Europe and the rest of the world. Among these regions, North America
is anticipated to account for the largest market share in the global cognitive
robotics market owing to the rapid development in the field of artificial
intelligence technology and easy adoption of advanced technological solutions
by various industrial sectors in this region.
The Asia Pacific region is projecting the fastest
growth in the global cognitive robotics market due to the increasing research
and development for technological advancement in this region. The Europe region
is anticipated to project significant growth in the global cognitive robotics
market during the forecast period. The increasing demand for advanced robotics
technology in various industries is fueling the expansion of the cognitive
robotics market in the rest of the world.
Competitive Analysis:
The brisk development in technology and high demand
for high-tech solutions in various industries all over the world has generated
large amount of opportunities for the players in the global cognitive robotics
market. The focus of players on increasing the research and development
expenditure for the introduction of innovative and advanced product launch has
strengthened the competition in the global cognitive robotics market.
In July 2018, researchers at Ben-Gurian University
have developed a new search and rescue robot based on cognitive robotics
technology. This robot can crawl, creep and climb over tough terrains and
through tight spaces to carry out search and rescue operations.
The prominent players profiled by MRFR in the report
on the global cognitive robotics market are Cognitive Operational Systems, Inc.
(U.S.), Haapie SAS (France), KinderLab Robotics (U.S.), Tinybots (Netherlands),
BKIN Technologies Limited (Canada), R.U. Robots Limited (U.K.), Behaviour Labs
SRL (Italy), Heron Robots SRL (Italy), Perceptronic Solutions, Inc. (U.S.),
Cognitive Spring (U.S.) and others.
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