Driven by Industrial Robot Demand, the AI Robot Market Will Reach $66.662 Billion by 2030

In 2021, the global artificial intelligence (AI) robot market was valued at $6.214 billion and is expected to reach $66.662 billion by 2030, growing at a compound annual growth rate (CAGR) of 30.5% during the forecast period from 2022 to 2030.

In recent years, the AI robot market has significantly expanded due to the increasing demand for automation technologies and the growing use of AI robots in the healthcare sector to manage Covid-19. Additionally, the high adoption of personal use robots in media and entertainment, along with the continuous demand for industrial robots in the automotive industry, will drive the growth of the AI robot market during the forecast period.

Driven by Industrial Robot Demand, the AI Robot Market Will Reach $66.662 Billion by 2030

Robotics and artificial intelligence are an effective combination for automating tasks within and around manufacturing environments. In recent years, AI has become a more diversified application in industrial robot replacement solutions, bringing versatility and analytical thinking to previously constrained applications. Furthermore, robotics powered by various AI technologies such as computer vision, machine learning, and deep learning are controlled by AI programs. The number of use cases has surged, with entrepreneurs from industries and markets such as healthcare, hospitality, manufacturing, and finance getting involved. Continuously learning robots driven by machine learning algorithms are significant consumer propositions in the AI robot market.

According to a report published by Acumen Research and Consulting, the AI robot market is segmented globally based on product, robot type, technology, application, and geography.

Driven by Industrial Robot Demand, the AI Robot Market Will Reach $66.662 Billion by 2030

Based on application market research analysis, inventory management and military defense applications account for a significant share. With the increasing penetration of the global e-commerce industry, the inventory management sector is expected to lead the AI robot market share during the forecast period. AI-supported robots are used to implement inventory management for various activities such as sequence analysis, product classification, and delivery. For example, Amazon’s subsidiary, Amazon Robotics, is a leader in the effective application of AI robots for inventory management, providing the AI-integrated robot Kiva. Amazon has extensively utilized this robot in its storage facilities.

Driven by Industrial Robot Demand, the AI Robot Market Will Reach $66.662 Billion by 2030

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