AI Robots Market to Grow at 26.5% CAGR by 2030
The high adoption of AI robots in automotive, healthcare, agriculture, military, and others to increase productivity and ease the workload isa major factorthat drives the growth of the AI Robots Market.
The Global Artificial Intelligence (AI) Robots Market was valued at USD 6.86 billion in 2021, and is expected to reach USD 77.73 billion by 2030,ata CAGR of 26.5% during the forecast period 2022-2030, according to a new research report by Next Move Strategy Consulting.
Artificial intelligence in robotics has been witnessing rapid growth in sales as it can perform dangerous or repetitive activities required for manufacturing operations with a high degree of accuracy. Also, the integration of computer vision and machine learning in robotics are somecrucial factors that leadto the growth of the AI robots market.
On the contrary, the high deployment and maintenance cost of AI robots hinder the market growth. However, the integration of the Internet of Things (IoT), 5G advanced automation, smart sensors, and others for better connectivity and improved interaction with the environment and humans are creating opportunities in the artificial intelligence robots market.
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According to the report, the leading market players in the global AI robots market are IBM, Intel, Microsoft, NVIDIA, Softbank, ABB Ltd., FANUC, Kuka AG, Xilinx, Hanson Robotics, and several others.
Key Insights from the AI Robot Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the artificial intelligence (AI) robots market is provided in the report.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
The market share of the players in the global artificial intelligence (AI) robots market along with their competitive analysis.