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Industrial robotics is a decade-old market which is likely to revolutionize with the emergence of artificial intelligence
and Internet of Things (IoT). An AI integrated autonomous machine is able to operate with a higher degree of
autonomy, which makes the robot or machine particularly desirable in dangerous or inhuman environments for
performing specific tasks. Huge capital investments are pouring on R&D activities on the development and analysis
of algorithms to make the robot behavior more intelligent. AI based robotics have been continue to be applied to a
broad range of problems that arise in manufacturing, e-commerce, healthcare and logistics, to name a few. AI
robotics shows promise in complementing, supplementing and emulating human intelligence, which calls for further
research efforts to make them more capable and reliable to use.
Goldstein Research analyst forecast the global AI Robotics market to expand at a CAGR of 53.6% during the forecast
period 2016-2024. Further, the market is anticipated to reach USD 18.6 billion by the end of forecast period.