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.
Competitive Analysis:
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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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.
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