FABRIC predicts that Operational Efficiency will be the most used keyword in Sales Speech of AI Integrated Autonomous Robots
As per FABRIC new technologies such as AI in autonomous robots are presenting promising opportunities for improvement across the supply chain, military and defence, health care and medical devices, automotive and transportation etc. with this FABRIC predicts AI in autonomous robot market to grow by 23.01% till 2023. As per ecosystem analysis of FABRIC, adoption of AI in Autonomous Robots can reduce OPEX and allied costs of end customers by atleast 1.5X as compare to present scenario.
Autonomous robots are likely to see robust growth in the next three years, especially within automobile and healthcare operations that include lower-value, potentially dangerous or high-risk tasks. Autonomous robots have a strong presence already in manufacturing, final assembly, and warehousing. Applications like supply chain can expect to see continued growth of autonomous robots in its area, allowing people to shift to more planned, less hazardous, and higher-value work.
These robots are designed to help companies in decreasing long-term costs; provide labor and utilization stability; increase worker productivity; reduce error rate; reduce frequency of inventory checks; optimize picking, sorting, and storing times; and increase access to difficult or dangerous locations. A warehousing robot might use a path-discovering process to navigate around the warehouse. A drone might use autonomous navigation to return home when it is about to run out of battery. A self-driving car might use a combination of AI algorithms to detect and avoid potential hazards on the road.
Currently companies like Amazon, Google, Tesla, Daimler etc. are using Autonomous robots in their certain units but still these robots are under human observations and under testing process. Similar developments bring in efficiency and increased productivity and productions in manufacturing, medical and supply chain industries but currently due to prototype robots and testing robots human interface is important.
Investments:
In 2020, launch of new technological suites and demand side investments were the key developments in this market.
For example:
- UiPath, a leading RPA company has brought $225 million up in Seed E funding. The funding will be utilized for developing automation solutions to mitigate the risks posed on productivity and supply of human workers.
- Skydio is a leader in autonomous flight technology and a U.S. drone manufacturer. Skydio raised $100 million in Series C funding. The round was driven by Next47 along with Levitate Capital, NTT DOCOMO Ventures, and existing investors including Andreessen Horowitz, IVP, and Playground participating in the round.
- Deep Longevity, a biotechnology company transforming longevity R&D through AI-discovered biomarkers of aging, has raised Series A funding of an undisclosed amount. The round was led by ETP Ventures and different prominent investors like BOLD Capital Partners, Longevity Vision Fund, Oculus, Formic Ventures, and LongeVCalso participated.
- Computational biology startup Nucleai raised $6.5m Series A funding led by Debiopharm – a Swiss biopharmaceutical company. It combines machine learning and computer vision to model the characteristics of both the tumour and the patient’s immune system.
From Supply Side in AI technology providers we have companies such as NVIDIA (US), Intel (US), IBM (US), Microsoft (US), Xilinx (US), and Alphabet (US). Softbank (Japan), Hanson Robotics (China), Amazon (US)
Blue Frog Robotics (France), and Promobot (Russia) are a few major manufacturers of AI-integrated robots. These player includes AI software and platform suppliers such as AIBrain (US) and DataRobot (US).
FABRIC has investigated AI in Autonomous Robots and offers 7! cross segments. Avira's market intelligence platform FABRIC has
synchronized 235 high importance market activities using Machine Learning and Data Science Algorithms. We would love to exchange our methodology, datasets, and
observations on the quick demo of FABRIC.
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