Artificial Intelligence Robots Market to grow by USD 13.23 billion

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. 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.