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Artificial Intelligence Robots Market size is set to grow by USD 31.53 billion from 2024-2028, High adoption of private-use robots to boost the market growth, Technavio

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NEW YORK, June 24, 2024 /PRNewswire/ — The global artificial intelligence robots market  size is estimated to grow by USD 31.53 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  37.2%  during the forecast period.  High adoption of private-use robots is driving market growth, with a trend towards increase in demand for productivity and performance of robots. However, increasing manufacturing cost of robots  poses a challenge. Key market players include ABB Ltd., Advanced Micro Devices Inc., Alphabet Inc., Amazon.com Inc., ASUSTeK Computer Inc., BLUE FROG ROBOTICS SAS, FANUC Corp., HANSON ROBOTICS Ltd., Intel Corp., International Business Machines Corp., LG Electronics Inc., Microsoft Corp., MIDEA Group Co. Ltd., Miso Robotics Inc., Neurala Inc., NTT Disruption Europe SL, NVIDIA Corp., Promobot LLC, Robert Bosch GmbH, and SoftBank Robotics Group Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Software and Hardware), Type (Service and Industrial), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Advanced Micro Devices Inc., Alphabet Inc., Amazon.com Inc., ASUSTeK Computer Inc., BLUE FROG ROBOTICS SAS, FANUC Corp., HANSON ROBOTICS Ltd., Intel Corp., International Business Machines Corp., LG Electronics Inc., Microsoft Corp., MIDEA Group Co. Ltd., Miso Robotics Inc., Neurala Inc., NTT Disruption Europe SL, NVIDIA Corp., Promobot LLC, Robert Bosch GmbH, and SoftBank Robotics Group Corp.

Key Market Trends Fueling Growth

In today’s manufacturing sector, companies are prioritizing automation to boost productivity, enhance product quality, and cut labor costs. They are integrating AI, ML, robotics, and analytics into their operations through automated control systems. Industries like automotive, consumer electronics, healthcare, and industry are adopting robots, such as collaborative and professional models, to automate tasks and streamline production. This trend is fueling the growth of the Artificial Intelligence Robots Market. 

The Artificial Intelligence (AI) robots market is experiencing significant growth, with companies investing in advanced technologies such as machine learning, natural language processing, and computer vision. The use of AI robots is becoming increasingly common in various industries, including manufacturing, healthcare, and logistics. These robots are designed to perform repetitive tasks, improve efficiency, and enhance productivity. The adoption of cloud technology and the integration of IoT devices are also driving the growth of the AI robots market. Furthermore, the development of adaptive and autonomous robots is expected to further boost market trends. The market is projected to continue its upward trajectory in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global AI robots market is experiencing significant growth as companies in various sectors, including healthcare, automotive, industrial, and transportation, invest in automation using advanced technologies like AI, ML, and robotics. Robots, consisting of hardware such as sensors, actuators, power sources, controllers, and software, are being adopted for functions like security, painting, material transfer, machine tending, and quality inspection. Vendors integrate multiple sensors and control systems to enhance robot capabilities, but the high cost of these components remains a challenge, potentially hindering market expansion during the forecast period.The Artificial Intelligence (AI) robots market is experiencing significant growth, with companies producing advanced robots for various industries. However, challenges persist in this sector. One major challenge is ensuring the compatibility of these robots with existing technology and infrastructure. Another issue is the high cost of implementing and maintaining AI robots, which can be a barrier for smaller businesses. Additionally, ethical concerns regarding the use of AI robots in the workforce continue to surface. Despite these challenges, the potential benefits of AI robots, such as increased efficiency and productivity, make them an attractive investment for many businesses. The future of this market depends on how these challenges are addressed.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This artificial intelligence robots market report extensively covers market segmentation by

Technology 1.1 Software1.2 HardwareType 2.1 Service2.2 IndustrialGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Software-  Artificial Intelligence (AI) robots rely on software to operate advanced technologies such as AI, ML, facial recognition, and gesture recognition. Major vendors like KUKA, FANUC, and Miso Robotics offer specialized software for AI robots, including application software, system software, and cloud software. Vendors are investing heavily in software development to support advanced AI robot features. NVIDIA’s GR00T model is an example, understanding natural language and emulating human movements. Open-source robot software frameworks like ROS, Gazebo, and Robot Framework are used for AI robot software development, offering features like sensor data generation and access to multiple physics engines. The focus on enhancing AI robot capabilities is expected to accelerate software platform advancements.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Artificial Intelligence (AI) Robots Market is experiencing significant growth due to the integration of advanced technologies such as machine learning, adaptive computing, and computer vision systems. Latest-generation smart robots are being employed in various industries, including warehouses, to execute complex tasks with precision and efficiency. These robots are designed to learn naturally through connected sensors and AI solutions, enabling them to adapt to changing climate conditions, temperature, air pressure, wind, and other environmental factors. The technological load of these robots includes powerful processors, large memory capacity, and advanced networking capabilities. AI platforms are being utilized to enhance the logic and decision-making abilities of these robots, making them more autonomous and efficient. Batteries, actuators, and sensors are essential components of these robots, ensuring their smooth operation. Overall, the AI Robots Market is poised for continued growth as the demand for advanced automation solutions increases.

Market Research Overview

The Artificial Intelligence (AI) Robots Market is experiencing significant growth due to the increasing demand for automation and digital transformation across various industries. These robots, powered by advanced technologies such as machine learning, natural language processing, and computer vision, are designed to perform complex tasks with high precision and efficiency. The market is segmented based on types of robots, applications, and end-users. The types of robots include industrial robots, service robots, and collaborative robots. The applications include manufacturing, healthcare, education, and logistics, among others. The end-users include small and medium enterprises (SMEs) and large enterprises. The market is driven by factors such as the need for labor savings, productivity enhancement, and improved accuracy. The adoption of AI robots is expected to continue to grow as more industries embrace digitalization and automation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologySoftwareHardwareTypeServiceIndustrialGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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National Center for Charter School Accountability Launches with Analysis of State Charter School Laws

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The National Center for Charter School Accountability provides research and recommendations on increasing transparency and accountability for charter schools.

NEW YORK, Sept. 23, 2024 /PRNewswire/ — The Network for Public Education (NPE) announces a new project, the National Center for Charter School Accountability (NCCSA), to provide research and recommendations on increasing transparency and accountability for charter schools. NPE is the leading organization that advocates revising state charter laws to make charter schools better align with the original vision of charter schools as teacher and parent-led schools of innovation that complement, not compete with, the public school system.

“The charter sector, now saturated with impersonal national chains and for-profit management corporations, has strayed far from the original mission of charter schools. A few states follow that vision; most do not. We regularly receive calls from charter school parents, teachers, and public school advocates raising concerns. The Center will educate the public with facts and provide information on how best to address concerns,” said Carol Burris, the Executive Director of NPE.

The Center includes a searchable database of news stories highlighting problems regarding charter schools. It also provides a portal where parents and taxpayers can submit questions and complaints. It also provides access to nine NPE research reports on charter schools, including reports on charter closures and for-profit-run charter schools.

In addition to research and reports, NCCSA evaluates state laws based on accountability, responsible growth, community input, and protections for students and taxpayers. An interactive map shows the number of open and closed charter schools in each state.

“The Center will grow over time, providing information unavailable on charter trade group sites. One million students have been displaced due to charter closures. In the age of choice, parents and taxpayers deserve the facts,” Burris added.

Commenting on the new project, NPE President Diane Ravitch noted, “NCCSA is a valuable resource for parents, taxpayers, policymakers, and the press who want to be informed about the status of charter schools. Accountability matters, and the Center will provide it via accurate and timely information.”

Access to NCCSA can be found here.

The Network for Public Education is a national advocacy organization with over 350,000 members and 200 grassroots groups. Its mission is to preserve, promote, improve, and strengthen public schools for current and future generations of students.

Contact: Carol Burris
cburris@networkforpubliceducation.org
(646) 678-4477

View original content:https://www.prnewswire.com/news-releases/national-center-for-charter-school-accountability-launches-with-analysis-of-state-charter-school-laws-302256096.html

SOURCE Network for Public Education

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Vermont State Dental Society, University of Detroit Mercy, Sanders, and Welch Announce Historic Effort to Advance Dental Care and Education Across State

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BURLINGTON, Vt., Sept. 23, 2024 /PRNewswire/ — The Vermont State Dental Society (VSDS), University of Detroit Mercy (UDM), Senator Bernie Sanders, and Senator Peter Welch are partnering to bring an innovative Dental Oral Health Education Center to Vermont in Fall 2027. This new dental clinic and education program would bring UDM students to Vermont to complete their final years of training – strengthening the dental care provider pipeline and expanding access to much-needed care across the state.

At a recent press conference, VSDS, UDM, Sanders, and Welch celebrated the program receiving its accreditation from the Commission of Dental Accreditation (CODA) – an essential step in establishing the teaching program in Vermont.

Sanders and Welch are working to secure $4.6 million in federal funding through the FY25 Congressionally Directed Spending process to support this historic initiative. The funding was recently approved by the Appropriations Committee and needs to be passed by the House and the Senate before being signed into law by President Biden.

The tentative location for the new center will be in Chittenden County.

VSDS, a nonprofit professional healthcare organization whose mission is to improve the oral health of Vermonters and to serve the profession of dentistry in the state, is pioneering the new institution with UDM as it brings more than 90 years of experience in educating dentists worldwide.

Beginning in the fall of 2025, this partnership will include two years of foundational and preclinical education at the UDM School of Dentistry Campus in Detroit, followed by two years of clinical and didactic education at a new dental clinic based in Colchester. The Detroit Mercy-Vermont dental program will offer DDS dental education in the state of Vermont, accredited by the Commission of Dental Accreditation (CODA).

University of Detroit Mercy-Vermont will house modern classrooms with on-site clinics to support its clinical education program and serve as a public health Medicaid clinic to provide dental care to qualifying individuals. Extending its reach beyond its Colchester facility, the new dental program will partner with clinical organizations in Vermont to reach areas with a shortage of dental health professionals and underserved populations.

As Vermont’s professional association for dentists, the VSDS works diligently to enhance the oral healthcare environment in the state. With just under 400 members, VSDS includes more than 80% of the state’s practicing dentists. VSDS provides resources, educational information, and support for its members and the public and advocates for public policies and systems to improve oral healthcare for all Vermonters.

University of Detroit Mercy is Michigan’s largest and most comprehensive independent Catholic university, sponsored by the Sisters of Mercy of the Americas and the Society of Jesus (the Jesuits). For more information, please visit www.udmercy.edu.

View original content:https://www.prnewswire.com/news-releases/vermont-state-dental-society-university-of-detroit-mercy-sanders-and-welch-announce-historic-effort-to-advance-dental-care-and-education-across-state-302256126.html

SOURCE University of Detroit Mercy

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eBay Announces Samantha Wellington as Senior Vice President, Chief Legal Officer, General Counsel and Secretary

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SAN JOSE, Calif., Sept. 23, 2024 /PRNewswire/ — eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced the appointment of Samantha Wellington as Senior Vice President, Chief Legal Officer, General Counsel and Secretary. In this role, Samantha will oversee all global aspects of eBay’s legal department, including Government Relations, intellectual property, employment, litigation, regulatory and corporate work across our financial services, marketplaces, and product and technology organizations. Samantha will report directly to Jamie Iannone, eBay’s Chief Executive Officer, and will join the company on October 7, 2024.

Samantha joins eBay with a distinguished career in legal and business affairs, most recently serving as TriNet’s Executive Vice President of Business Affairs, Chief Legal Officer, and Secretary. In this role, Samantha led a team of professionals across Legal, Compliance, Government Affairs, Customer Service, Sales, Operations, Product Management, Engineering, Technology, and Risk. Her leadership focused on spearheading initiatives that address the evolving workplace dynamics for TriNet’s customers, facilitating capital access for small business owners, and enhancing customer service experiences to support business growth. Prior to TriNet, she spent 12 years at Oracle, where she held a number of senior legal positions.

“Samantha has successfully led multifaceted teams and navigated complex legal and regulatory environments throughout her career,” said Jamie Iannone, Chief Executive Officer, eBay. “Samantha’s expertise will be invaluable as we continue to innovate and grow our global marketplace while ensuring we meet our legal and ethical responsibilities. Her passion for empowering small businesses aligns perfectly with eBay’s purpose, and I’m excited to welcome her to the team.”

“My parents started their business by selling skateboard parts at the open market in Sydney, so I have a deep appreciation for eBay’s role in empowering businesses of all sizes,” said Samantha Wellington. “As a longtime eBay user and collector, I am passionate about helping others unlock similar opportunities and connecting people with what they love.”

Samantha holds Bachelor’s Degrees in Creative Arts and Laws from Wollongong University, as well as a Master of Laws in Communication and Technology Law from the University of New South Wales. She has served as a board member for the National Association of Professional Employer Organizations and BSA, The Software Alliance.

Samantha replaces Marie Oh Huber, who left eBay in June after nine years as General Counsel. 

About eBay
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2023, eBay enabled more than $73 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

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SOURCE eBay Inc.

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