The global market for AI robots is expected to reach a value of $69.24 billion by 2031, with a CAGR of 21.5% over the forecast period. Factors driving this growth include the increasing use of AI robots for personal and industrial purposes, government support for new technologies, and the need for intelligent virtual assistants. The dominance of specialized hardware, particularly GPUs, is also contributing to the market’s expansion due to the increasing complexity of AI algorithms. Machine learning is currently leading the market, thanks to its ability to adapt and improve based on data inputs.
