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Classified in: Science and technology, Covid-19 virus
Subject: MRR

Artificial Intelligence (AI) Robot Market is predicted to Rise at a CAGR of 20.5% during the Forecast Period, Observes TMR Study


ALBANY, N.Y., June 27, 2022 /PRNewswire/ -- The value of global artificial intelligence (AI) robot market was clocked at US$ 8.18 Bn in 2021. The market is likely to register growth at a CAGR of 20.5% during the forecast period, from 2022 to 2031. The artificial intelligence robot market size is likely to attain a valuation of US$ 52.63 Bn by 2031. Automation brought about by robots boosts productivity levels in several production processes. Due to its ability to handle the complexities of massive data and provide high precision and quick processing solutions, artificial intelligence (AI) is being utilized to advance science and technology. Due to the higher demand for automation in the industrial, automotive and manufacturing businesses, businesses are evaluating how AI will help in the robotics application and the long-term revenue prospects in AI robots following COVID-19.

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Latest models of intelligent mobile robots perform activities such as transporting, participating in product manufacture and assembly, loading and unloading of materials from trucks into facilities. It also tests and validates finished goods using closed-loop, real-time, controls. All of these activities boost manufacturing productivity and drastically save downtime. Attributed to the increasing use of AI robots in the healthcare, retail, automotive, and industrial businesses, the artificial intelligence companies is anticipated to observe high growth during the forecast period.

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Key Findings of Market Report

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Global Artificial Intelligence (AI) Robot Market: Growth Drivers

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Global Artificial Intelligence (AI) Robot Market: Key Players

Some of the key market players are

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Global Artificial Intelligence (AI) Robot Market: Segmentation

Component

Robot Type

End Use

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Robotic Lawn Mower Market - Robotic Lawn Mower Market is expected to cross value of US$ 528.5 Mn by the end of 2031, it is estimated to expand at a CAGR of 7.5% from 2022 to 2031

Artificial Intelligence Market - The global artificial intelligence market is projected to exceed value of US$ 2.8 Trn by 2030, expanding at a CAGR of 29% during the forecast period

Robot Operating System Market - The Robot Operating System Market is forecasted to reach US$ 438 Mn by 2027, reflecting a CAGR of 9.2%

Collaborative Robot Market - The global collaborative robot market is expected to reach the value of US$ 33.95 Bn by the end of 2031, expand at a CAGR of 41.3% from 2021 to 2031

Kiosk (Self-service/Interactive Kiosk) Market - The kiosk (self-service/ interactive kiosk) market is expected to register a CAGR of 10% between 2019 and 2027.

Construction Robots Market - The construction robots market is projected to expand at a CAGR of 10.4% during the forecast period and reach value of US$ 470.61 Mn by 2026

Security Robots Market - The global security robots market is anticipated to reach US$ 3,881.4 Mn till 2025

All Terrain Robot Market - The global all terrain robot market is projected to expand at a CAGR of 14.5% between 2019 and 2027, and reach value of US$ 540 Mn by 2027

About Transparency Market Research

Transparency Market Research is a global market research company providing business custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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