Artificial Intelligence Robots Market to grow by USD 13.23 billion| Evolving Opportunities with ABB Ltd. & Alphabet Inc. |17000+ Technavio Reports
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The artificial intelligence robots market size is set to grow by USD 13.32 billion from 2021 to 2026, according to Technavio. However, growth momentum is likely to decelerate at a CAGR of 27.49%. Some of the vendors for the artificial intelligence robots market include ABB Ltd., Alphabet Inc., HANSON ROBOTICS Ltd., Intel Corp., International Business Machines Corp., KUKA AG, Microsoft Corp., NVIDIA Corp., SoftBank Robotics Group Corp., and Xilinx Inc.
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Artificial Intelligence Robots Market 2022-2026:Drivers & Challenges
The artificial intelligence robots market is fragmented, and the degree of fragmentation will decelerate during the forecast period. The factors such as the high adoption of private-use robots and support from Governments to develop modern technologies will offer immense growth opportunities. However, the increasing budget for robots will hamper the market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Artificial Intelligence Robots Market 2022-2026: Scope
The report also covers the following areas:
Artificial Intelligence Robots Market 2022-2026: Segmentation
Artificial Intelligence Robots Market 2022-2026: Key Regions & Revenue Generating Segment
44% of the market's growth will originate from APAC. China, Japan, and South Korea (Republic of Korea) are the key markets for artificial intelligence robots in APAC. The emergence of new tools for the analysis of big data will facilitate the artificial intelligence robots market growth in APAC over the forecast period.
The artificial intelligence robots market share growth by the service segment has been significant for revenue-generating. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the artificial intelligence robots market size.
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Artificial Intelligence Robots Market 2022-2026: Key Highlights
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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