Published Date: 22-Dec-2021
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According to a new report Global Artificial Intelligence (AI) Robots Market, published by KBV research, The Global Artificial Intelligence (AI) Robots Market size is expected to reach $37.9 billion by 2027, rising at a market growth of 32.3% CAGR during the forecast period.
Service robots segment is owing to the growing interest of the companies towards the automation of everyday procedures. In addition, AI service robots help humans in a wide range of applications including domestic tasks like cleaning pools and mowing lawns, along with critical jobs in the military & defense industry like border security, search and rescue operations, spying, and combat operations.
Robots are increasingly used for stock management applications that include retail store stock management, warehouse stock management, and factory stock management. The main functions performed by these AI robots include managing stocks such as sequencing, sorting, and delivery.
The North America market dominated the Global Artificial Intelligence (AI) Robots Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $15,124.1 million by 2027. Along with this, the growing demand for AI-enabled professional service robots, particularly for medical & underwater usage, is estimated to fuel the growth of the regional artificial intelligence robots market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SoftBank Group Corporation, NVIDIA Corporation, Intel Corporation, Microsoft Corporation, IBM Corporation, Hanson Robotics Limited, KUKA AG, Xilinx, Inc., ABB Group, and FANUC Corporation.
By Robot Type
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