The Artificial Intelligence (AI) Robotics Market Is Expected to Reach US$28.5 Billion by 2028, Globally, at a CAGR of 27.2%: Verified Market Research®

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Rapid increase in urbanization, increase in per capita income, and improvement in the standard of living are leading to market growth in Artificial Intelligence (AI) Robots Market.

JERSEY CITY, NJ, September 22, 2022 (GLOBE NEWSWIRE) – Proven market research recently published a report, “Artificial Intelligence (AI) Robotics Market“By robot type (service robots, industrial robots), by technology (natural language processing, machine learning), by end-use industry (military and defense, PR), and by geography.

The Artificial Intelligence (AI) robotics market was valued at US$ 4.1 billion in 2020 and is expected to reach US$ 28.5 billion by 2028, at a compound annual growth rate of 27.2% from 2021 to 2028, according to the latest study from certified market research.

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Report scope

Overview of the Global Artificial Intelligence (AI) Robotics Market Overview

Major factors such as the high adoption of robotics for personal use such as fellowship, entertainment and support from governments across the world to develop modern technologies are expected to drive the global artificial intelligence (AI) robotics market in the forecast period. On the contrary, the reluctance to adopt new technologies and also the lack of uniform rules to stem the risks related to networked and autonomous robots might be several major limiting factors in the growth of this market during the returning years. Artificial intelligence robots are very technical and advanced and need special training and good professionals to operate these robots in various places.

However, there is a lack of skills and experience among professionals regarding the operation and operation of AI robots which will limit the adoption of such robots across diverse business fields. Besides, the lack of proper grammar in this business will limit the demand for it all over the world. Companies in industries where labor prices are the best are gradually adopting AI robots. Companies in niche areas that require key talent are expected to adopt AI-integrated robots. The advent of modern tools for big information analysis is also expected to fuel the growth of artificial intelligence in robotics in the future.

Key developments

  • In May 2020, Hanson Robotics and CereProc collaborated on the innovative Artificial Intelligence project, Sophia. Sophia, who uses CereProc’s TTS singing system, is the first robot to sing a duet with a human on The Tonight Show, starring Jimmy Fallon. This collaborative AI project gives Sophia an enhanced AI-based voice, with the ability to deliver more dramatic and entertaining shows in real-time while enabling her to express humor, suspense, excitement, and grotesque rude observation.

The main players

The Global Artificial Intelligence (AI) Robotics Market study report will provide an insight with a focus on the global market. The main players in the market are

Based on the research, Verified Market Research has segmented the Global Artificial Intelligence (AI) Robotics Market into components, applications, and geography.

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Visualization of Artificial Intelligence (AI) Robotics Market Using Verified Market Intelligence –:

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