Cognitive Robotics Market Analysis

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

Cognitive Robotics Market Analysis

Learning Type (Motor Babble, Imitation, Knowledge Acquisition)

Motor babble segment is expected to hold cognitive robotics market share of more than 42% by 2037 due to its crucial role in trial-and-error learning in robots. This type of learning is particularly important for those tasks where adaptation is needed in dynamic environments, for example, manufacturing and logistics. In May 2024, Vention launched AI-powered capabilities for its Manufacturing Automation Platform, emphasizing how AI makes motor babble intrinsic within making robots more adaptable. This would allow robots to have broad applications in industries where flexibility and precision are required.

Application (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare and Commercial)

In cognitive robotics market, automotive segment is set to dominate revenue share of over 31% by 2037, driven by the reliance of the industry on robotics for assembly, inspection, and logistics. With increasingly superior perception and decision-making capabilities, robots will continue to economize production lines by eliminating errors. For instance, in April 2024, Sanctuary AI partnered with Magna International to manufacture specific AI-driven robots that would meet the manufacturing demands and highlight why robotics is so crucial in automotive efficiency. Such developments ensure that the automotive industry remains one of the significant contributors to cognitive robotics market growth.

Our in-depth analysis of the cognitive robotics market includes the following segments:

Learning Type

  • Motor Babble
  • Imitation
  • Knowledge Acquisition

Application

  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Commercial
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Browse Key Market Insights with Data Illustration:


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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