The global AI agents market size is anticipated to expand to USD 190 Billion by 2032 at a CAGR of 46.1%. With the development of Natural Language Processing (NLP) coupled with large investments from big IT firms, the global AI agents market has witnessed a demand surge in the past few years. Moreover, with the growing need for individualized customer experiences, along with the broad use of cloud computing, the global AI agents market is set to expand heavily in the upcoming years.
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The global bionic contact lenses market size is expected to expand to USD 1.1 Billion by 2031 at a CAGR of 14.5%. The rising demand from the healthcare industry is the major factor driving the global market for bionic contact lenses. Moreover, with the advancements in nanotechnology and microelectronics, bionic contact lenses have the potential to transform various other industries such as gaming, military, and education, among others, and is set to surge its market growth in the upcoming...
The global 3D machine vision market is anticipated to reach USD 19.3 Billion by 2031, at a CAGR of 15.1%. The major factors that drive the growth of the global 3D machine vision market are increased automation, rising demand for quality control, technological advancement, emergence of smart manufacturing, expanding applications across industries, and need for enhanced robotics. The 3D machine vision solutions are rapidly gaining acceptance owing to the synergy between the regulatory...
The global gesture recognition market is anticipated to grow by 19.2% CAGR in the upcoming years, reaching USD 77.5 Billion by 2031. The major factors that drive the growth of the global gesture recognition market are its increasing adoption in consumer electronics, rising interest in augmented and virtual reality, enhanced user experience, demand for touchless interfaces, and rising application areas. With the advancements in technologies such as artificial intelligence (AI), augmented...
The global artificial intelligence in retail market size is anticipated to expand to USD 78.3 Billion by 2031 at a CAGR of 31.2%. Based on variables including technological infrastructure, consumer behavior, and economic priorities, different regions show differing degrees of AI adoption when examining the usage of AI in the retail industry from a regional viewpoint. Although AI has already revolutionized the retail industry heavily, coupled with augmented reality (AR) technologies,...
The global smart lock market is anticipated to grow to USD 9.4 Billion by 2031, at a compound annual growth rate (CAGR) of 17.8%. The market for smart locks is driven by homes becoming more equipped with smart technologies. Further, the rising crime rates also drive the global smart lock market due to the consumer’s awareness for better security solutions. The technological advancements in the smart home and security industry is set to bring multiple opportunities in the global smart lock...
The global articulated robot market is anticipated to reach a market valuation of USD 64.2 Billion by 2031 at a CAGR of 15.7%. The global articulated robot market is driven by the growing demand in industrial sectors to automate the manufacturing process to improve quality, and efficiency and reduce labor costs. Technological advancements such as artificial intelligence, and machine learning along with their integration with IoT and Industry 4.0 platforms provide real-time data analysis,...
The market size of the global cleaning robot market is expected to reach a valuation of USD 24.8 Billion by 2031 at a CAGR of 21.2%. The major factors that drive the market are the growth in demand for automated household appliances and the growth in the working population globally. The technological advancements in the robot industry and battery technology, coupled with the advent of artificial intelligence (AI), and machine learning are anticipated to bring multiple opportunities for the...
The global smart glass market is expected to expand to USD 15.7 Billion by 2030 at a 9.8% CAGR over the forecast period. With the technological advancements in the smart glass industry, smart glasses can now flip between both transparent and opaque states, which has a wide range of uses. Factors like expanding energy preservation drives, and glass innovation progress are driving business sector development for the global smart glass market. Apart from offices and homes; healthcare,...
The global commercial drone market size was valued at USD 19.95 Billion in 2022 and is expected to expand at a CAGR of 8.1% over the forecast period and reach USD 45.1 Billion in 2030. This dramatic rise is owed to the growing use of drones, supported by ongoing technological improvement in industries including precision agriculture, construction, logistics, and public safety. This spread has been fueled by significant developments including the incorporation of artificial intelligence,...
