Cognitive Robotics Market - Top Companies and Manufacturers

  • Report ID: 6721
  • Published Date: Nov 20, 2024
  • Report Format: PDF, PPT

Companies Dominating the Cognitive Robotics Landscape

    The competition in the cognitive robotics market is fragmented, with leading players continuously making innovations to cater to various industries like healthcare, automotive, and manufacturing. Companies such as IBM Corporation, Intel Corporation, and ABB Ltd are focusing on investments in R&D to make robotic systems capable of adopting intelligence. Collaborative ventures and acquisitions in the firms to strengthen their technological edge and expand market reach constitute another prominent trend. Startups further promote dynamism with innovative solutions in niches to the demands of industries and create a frenzy of competition.

    In June 2024, ABB Robotics launched OmniCore, an advanced automation platform that would guarantee increased precision and efficiency in industrial applications. This is a clear example of the growing trend toward ease of operating a robot and expansion in robotic solutions. Similarly, strategic partnerships of cognitive robotics companies with AI providers accelerate the development of AI-enabled robotics platforms. With the rise in competition, the key strategies toward cost reduction, increased adaptability, and integration of IoT and machine learning capabilities are likely to drive the growth in the cognitive robotics market.

    Here are some leading players in the cognitive robotics market:

    • IBM Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ABB Ltd.
    • Intel Corporation
    • Omron Adept Technologies
    • Nvidia Corporation
    • Microsoft Corporation 
    • Blue Ocean Robotics
    • Brain Corporation
    • Honeywell International
    • Intuitive Surgical Operations
    • iRobot
    • Kuka AG
    • Roborock
    • Simbe Robotics
    • CloudMinds Technology Inc.

Browse Key Market Insights with Data Illustration:

In the News

  • In September 2024, the Zhejiang Humanoid Robot Innovation Center, primarily funded by SUPCON, unveiled the NAVAI Navigator 2, a humanoid robot standing 1.65 meters tall and weighing 60 kilograms. With 41 degrees of freedom, it can perform complex tasks such as delivering speeches, making tea, and playing chess, demonstrating advanced motion mapping and execution capabilities. The robot's AI computing power enables 275 trillion operations per second, allowing rapid learning and precision in industrial scenarios. 
  • In May 2024, Cicada Innovations, Ai Group, and Robotics Australia Group collaborated to support the National Robotics Strategy. This partnership aims to foster growth and scalability within the robotics industry by providing resources and guidance to companies, promoting innovation, and enhancing position of Australia in the global robotics market.

Author Credits:  Richa Gupta


  • Report ID: 6721
  • Published Date: Nov 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The cognitive robotics market size is USD 6 billion in 2024.

The global cognitive robotics market size is valued at US 6 billion in 2024 and is anticipated to surpass USD 19 billion by the end of 2037, rising at a CAGR of 10% over the forecast period, i.e., 2025-2037.

Key players in the market include IBM Corporation, Intel Corporation, Omron Adept Technologies, Nvidia Corporation, ABB Ltd., CognitiveScale Inc., Kuka AG, Blue River Technology, Hanson Robotics Limited, and Microsoft Corporation, among others.

The automotive segment is projected to hold a leading share during the forecast period.

North America is anticipated to dominate the industry with a share of 44% during the forecast period.
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