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The Future of AI Robots in Modern Industries
According to MRFR analysis, the global AI Robots Market is expected to register a CAGR of 29.45% from 2024 to 2032 and hold a value of over USD 89.47 Billion by 2032.
AI robotics is currently the most advanced form of robotics technology that we know of. The market for AI robots is expected to grow steadily in the coming years due to widespread support from both the public and government institutions. AI robots can perform a wide range of tasks and their applications are becoming increasingly diverse as new uses are discovered.
Major Market Players
Some of the key market players are NVIDIA ABB Intel Microsoft Alphabet IBM Harman International Industries Xilinx Fanuc Kuka Amazon Blue Frog Robotics Promobot Softbank Hanson Robots Mayfield Robotics Neurala LG Asustek Computer Jibo.
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Regional Analysis
North America is currently leading the way in robotics technology and is also a major financial power in the world. Automation will become more advanced in the future, as robots will be able to learn from their surroundings and experiences, all thanks to sensors, natural language processing technologies, and the ability to predict and avoid failures. Asia-Pacific is growing in the AI robot market due to an increase in the adoption of these technologies in fields such as safety and retail.
Market Segmentation
The global AI Robots market has been segmented into offering, technology, and application.
Based on the offering, the market has been segmented into hardware and software. The hardware segment is projected to grow at the highest rate during the forecast period. A large amount of data is processed by ML algorithms, confirming that artificial intelligence technologies like robotics can be deployed effectively.
Based on technology, the market has been segmented into Machine Learning, Context Awareness, Natural Language Processing, and Context Awareness. Machine learning is the branch of training and optimization methods that enable machines to learn from data and perform specific tasks.
Key Areas of AI Robot Deployment
Manufacturing
In the manufacturing sector, AI robots are utilized for assembly, welding, painting, and quality control. They operate tirelessly, significantly reducing production time and cost. Companies benefit from lower overheads and increased output, making AI robots indispensable in modern factories.
Healthcare
In healthcare, AI robots are transforming patient care. They assist in surgeries, provide rehabilitation support, and even offer companionship to patients. AI robots in hospitals help reduce human error, ensuring better patient outcomes, and allowing healthcare professionals to focus on more critical tasks.
Retail
Retail is another sector experiencing a major transformation due to AI robots. From inventory management to customer service, AI robots help retailers optimize operations and enhance customer experience. Autonomous robots manage stock levels, while AI-powered chatbots provide personalized shopping assistance.
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