WESTFORD, Mass., June 25, 2024 /PRNewswire/ -- As
per SkyQuest, the global Artificial Intelligence (AI) Robots
Market size was valued at USD 12
billion in 2022 and is poised to grow from USD 14.58 billion in 2023 to USD 69.24 billion by 2031, growing at a CAGR of
21.5% in the forecast period (2024-2031).
Artificial intelligence (AI) robots can operate autonomously
through artificial intelligence technology. Advancements in
robotics technology and the growing integration of artificial
intelligence with the same are slated to primarily drive AI robots
market growth. Surging demand for automation is slated to bolster
sales of AI robots across the forecast period and beyond. The
global artificial intelligence (AI) robots' market is segmented
into component, deployment, technology, robot type, application,
and region.
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Artificial Intelligence (AI) Robots Market
Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 14.58
billion
|
Estimated Value by
2031
|
$ 69.24
billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 21.5%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and
Trends
|
Segments
Covered
|
Component, Application,
Technology, Deployment and Robot Type
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
High Adoption of
Automation
|
Key Market
Drivers
|
Advancements in AI and
Robotics
|
Segments covered in Artificial Intelligence (AI)
Robots Market are as follows:
- Application
- Manufacturing, Transportation, Security, Healthcare, Energy,
Others
- Technology
- Machine Learning, Computer Vision, Context Awareness, Natural
Language Processing
- Robot Type
- Service Robots, Industrial Robots, Other
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Hardware Plays a Crucial Role in Artificial intelligence (AI)
Robots Market Development
Hardware is of the utmost importance for any good artificial
intelligence robot, and this is why this sub-segment brings in the
most revenue. The rising use of advanced sensors and hardware
components to increase the functionality of AI robots will help
this segment bolster market growth in the future. Advancements in
artificial intelligence will bolster the demand for advanced
software to run these robots and the need for customization will
also drive market development going forward. The demand for AI
robot services is slated to increase at a robust CAGR owing to the
growing need for maintenance and repair of robots.
Machine Learning Plays a Vital Role in Training AI
Robots
Machine learning is estimated to be the most utilized technology
in AI robots as it is being used to train robots for different
applications. The development of advanced machine learning
algorithms for specific robotic applications will also help this
sub-segment bolster market growth in the future. Context awareness
technology is predicted to help AI robots function better by
correctly interpreting and assessing situations to improve
efficiency. Emphasis on improving machine-machine collaboration is
forecasted to help promote the adoption of context awareness
technology going forward.
High demand for better human-machine collaboration is estimated
to promote the adoption of natural language processing technology
in artificial intelligence robots over the coming years. Computer
vision is another key technology that is projected to uplift the
global artificial intelligence (AI) robots market development in
the long run.
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Industrial Robots Take the Crown When it Comes to Artificial
Intelligence Robots
Industrial robots are estimated to account for a substantial
share of the global artificial intelligence (AI) robots market
owing to the high adoption of robotics in the manufacturing sector.
The growing use of automation in the industrial sector and the
rising adoption of the Industry 4.0 trend are also forecasted to
help sales of industrial robots. Meanwhile, service robots are
estimated to increase worldwide. An increasing number of companies
opting for robots for different services that are usually risky or
dangerous for humans. From personal service robots to
custom-application-focused service robots' integration of
artificial intelligence is projected to increase all kinds of
robots to promote their functionality and operational
efficiency.
To sum it up, the global artificial intelligence (AI) robots'
market is rife with opportunities from multiple industry verticals.
Artificial intelligence (AI) robot providers should target the
development of novel service robots to amplify their business scope
across the forecast period and beyond. Incoming artificial
intelligence (AI) robot companies should focus on machine learning
and natural language processing technologies to create unique AI
robots that stand out in the market.
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Artificial Intelligence (AI) in Computer Vision Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia
Pacific.
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Mr. Jagraj
Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
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