Industrial robots dominate the market currently due to their widespread use in automation of manufacturing processes. They assist in performing repetitive and tedious tasks with high accuracy and efficiency. Service robots are also gaining popularity for applications like domestic assistance, elder care, agriculture, medical diagnostics and more.

The Global Artificial Intelligence (AI) Robots Market is estimated to be valued at US$ 111.65 Bn in 2024 and is expected to exhibit a CAGR of 32.% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Artificial Intelligence (AI) Robots Market Growth are ABB , AIBrain, Inc., Alphabet , Argo AI, LLC, Blue Frog Robotics & Buddy - Emotional Robot, Brain Corporation, CloudMinds Technology Inc., DataRobot, Inc., Fanuc, Hanson Robotics Ltd., Harman International Industries, IBM Corporation, Intel Corporation, International Business Machines Corporation, Kawasaki, Microsoft Corporation, Mitsubishi, Neurala, Inc., NVIDIA Corporation, Omron, Promobot, SoftBank Corp., UB Tech Robotics, Inc., Veo Robotics, Inc., Vicarious, Xilinx, and Yaskawa.

The growing demand for automation across industries due to rising labor costs and labor shortages is fueling the growth of AI Robots market. AI robots can perform tasks efficiently without fatigue and human errors thus improving productivity. The increasing focus on deploying automation technologies like AI robots for tasks that are hazardous, difficult, repetitive or require high precision is further driving their adoption.

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