Market Scenario:
In cognitive robotics, a robot body is just a vehicle that helps in physical display of movements. The major component here is the cognitive process which is based on artificial intelligence. Cognitive robotics is an emerging technology in which a pattern of outputs is traced in order to automate the processes. Imitation learning technique follows generation of reasonable solutions to solve similar kind of problems by looking for a good solution in its recorded patterns knowledge base. This technique helps robots in learning skills from other robots or agents.
North America region holds the largest market share of global Cognitive Robotics Market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for innovative technologies and adoption of existing technological advancements in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. Cognitive robotics is here to bring an era of automation and change the landscape of businesses.
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. 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.
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Key Players:
The prominent players in the 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.
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 regional analysis of cognitive robotics market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in cognitive robotics market in North America is attributed to technological advancements and increasing demand for innovations in that region.
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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.
Intended Audience
- Technology Investors
- Research/Consultancy Firms
- Infrastructure Providers
- Chip designers and fabricators
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
- Consumers
- Technology Providers
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continues…
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