ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Market Concentration and Competitive Landscape

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Another key factor spurring the adoption of AI robots is the steadily rising costs of human labor coupled with widespread shortages of workforce. With economic growth and improved standards of living, wages the world over have been increasing consistently in recent times. This is making labor intensive operations very expensive for companies. At the same, diminishing working population due to lower birth rates represents a significant challenge. Particularly in developed nations with aging demographics, recruiting and retaining employees is proving difficult. 

• ABB
• AIBrain, Inc.
• Alphabet
• Argo AI, LLC
• Blue Frog Robotics & Buddy - Emotional Robot
• Brain Corporation
• CloudMinds Technology Inc.
• DataRobot, Inc.
• Fanuc
• Hanson Robotics Ltd.
• Harman International Industries
• IBM Corporation
• Intel Corporation
• International Business Machines Corporation
• Kawasaki
• Microsoft Corporation
• Mitsubishi
• Neurala, Inc.
• NVIDIA Corporation
• Omron
• Promobot
• SoftBank Corp.
• UB Tech Robotics, Inc.
• Veo Robotics, Inc.
• Vicarious
• Xilinx
• Yaskawa