The artificial intelligence robots market is segmented by technology (software and hardware), type (service and industrial), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The increase in demand for enhanced productivity and performance in robots is the major artificial intelligence robots market trend which will positively influence the market value.
The artificial intelligence robots market share will value over USD 19,157.7 million by 2027
It is estimated to expand at a CAGR of 29.37% from 2022 to 2027
The artificial intelligence robots market size will witness a YOY growth rate of 29.03% in 2023
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In the highly competitive manufacturing environment, many companies have increased their focus on automating their manufacturing facilities. These companies are focusing on improving their productivity, enhancing product quality, and reducing labor costs. Various industries, including automotive, consumer electronics, healthcare, and industrial end-users, are increasingly adopting robots to automate operations in their manufacturing facilities, thereby driving the growth of the market.
There has been a high adoption of companion robots, especially in developing countries and in countries with a rising geriatric population. These factors are increasing the use of private-use robots, which, in turn, is driving the growth of the global AI robots market during the forecast period.
Some of the major artificial intelligence robots market vendors are:
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The increasing manufacturing cost are the major hindrance for market players
The artificial intelligence robots market structure is fragmented in nature.
45% of artificial intelligence robots market growth will develop from APAC.
The market growth by the software segment will be significant during 2023-2027 owing to the increase in the global demand for the artificial intelligence robots industry..
