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Artificial Intelligence In Robotics Global Market Set For Rapid Growth, To Reap Bulk Revenues, Application and Forecast to 2033 | Alphabet Inc., Microsoft Corporation, Intel Corporation, Medtronic, NVIDIA Corporation

05-23-2024 07:57 AM CET | IT, New Media & Software

Press release from: The Business research company

Artificial Intelligence In Robotics Market Report

Artificial Intelligence In Robotics Market Report

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Artificial Intelligence In Robotics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $49.94 billion In 2028 At A CAGR Of 29.1% :

The artificial intelligence in robotics market size has grown exponentially in recent years. It will grow from $13.87 billion in 2023 to $17.97 billion in 2024 at a compound annual growth rate (CAGR) of 29.5%. The growth in the historic period can be attributed to advancements in machine learning algorithms, cost reduction in hardware, increased processing power, rising automation in industries, development of cloud robotics.

The artificial intelligence in robotics market size is expected to see exponential growth in the next few years. It will grow to $49.94 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%. The growth in the forecast period can be attributed to ai integration across industries, focus on explainability and ethics, expansion of autonomous systems, ai in healthcare robotics, global connectivity and 5g adoption. Major trends in the forecast period include technological advancements, increased investments, cross-industry collaboration, edge computing for robotics, explainable ai in robotics.

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Artificial Intelligence In Robotics Market Major Segments
The artificial intelligence in robotics market covered in this report is segmented -
1) By Offering: Software, Hardware, Services
2) By Robot Type: Service Robots, Industrial Robots, Other Robot
3) By Deployment Mode: Cloud, On-Premises
4) By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
5) By End-Use Industry: Automotive, Aerospace And Defense, Retail, Healthcare, Industrial, Other End Use Industries

Key Driver - Automation Technology Fueling The Surge Of Artificial Intelligence In The Robotics Market

The rising automation technology is expected to propel the growth of artificial intelligence in the robotics market going forward. Automation technology refers to technology that includes the procedures and tools necessary to make facilities and systems operate automatically. Automation technologies are used in artificial intelligence-based robotics to provide great speed and high accuracy that results in increased efficiency and productivity in a wide range of industries, such as manufacturing, agriculture, logistics, and healthcare. For instance, in November 2021, according to the Association for Advancing Automation, a US-based automation trade association, the second quarter of 2021 had a 67% increase in robot orders compared to the same period in 2020. Additionally, in Q2 2021, North American corporations ordered 9,853 robots valued at $501 million, up from 5,196 sold in Q2 2020. Therefore, the rising automation technology is driving the growth of artificial intelligence in the robotics market going forward.

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Prominent Trend - Focus On Introduction Of Innovative Products To Increase Efficiency

Major companies operating in the artificial intelligence in robotics market are focused on developing innovative solutions to increase efficiency. Chef Robotics, a California-based robotics and artificial intelligence company, launched an AI-enabled flexible robotics solution for food producers to assist overcome workforce shortages and enhance production volume through flexible automation. The technology, which replicates human pick-and-place actions, employs artificial intelligence and interchangeable utensils to be as adaptable as a person, picking a wide range of ingredients, working with any portion size and precisely placing components wherever on the tray. This method is intended to solve the continuous difficulty of hiring and retaining staff in cold room conditions that need repeated actions for manufacturing and assembly.

Artificial Intelligence In Robotics Market Players
Major companies operating in the artificial intelligence in robotics market report are Alphabet Inc., Microsoft Corporation, Intel Corporation, Medtronic, NVIDIA Corporation, ASUSTek Computer Inc., Kawasaki Heavy Industries, Ltd., FANUC Corporation, Kindred, Inc., iRobot Corporation, nuro ai, CloudMinds Technology Inc., AMP Robotics, Brain Corporation, Boston Dynamics, Inc., Magazino GmbH, Robust AI, Diligent Robotics, Hanson Robotics Ltd., Blue Frog Robotics SAS, Neurala, Inc., Veo Robotics, Inc., Agility Robotics, Miso Robotics Corporation, Gecko Robotics

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-robotics-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the artificial intelligence in robotics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence In Robotics Market Report Structure
3. Artificial Intelligence In Robotics Market Trends And Strategies
4. Artificial Intelligence In Robotics Market - Macro Economic Scenario
5. Artificial Intelligence In Robotics Market Size And Growth
…..
27. Artificial Intelligence In Robotics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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