ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
One major challenge is cost - while AI technology is advancing rapidly, the manufacturing and integration of robots remains an expensive endeavor. Additionally, robots still lack certain human skills such as flexibility, judgment, and common sense. Significant technological improvements are still needed for robots to match human dexterity and abilities. Regulation is another challenge, as laws and policies have not kept pace with robotic advancement. Safety remains a concern, both physically around robots but also regarding job disruption and its societal effects.
Market Opportunities: Mass customization enabled by AI robots
As technology advances, costs will come down and applications will expand. Sectors like healthcare, logistics, and manufacturing are ripe for increased robotics adoption. An aging population will drive the demand for robotic assistants. Meanwhile, robots that can collaborate safely with humans opens new applications.
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