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Robotic Welding Market by Component (Robots, End of Arm Tooling, Controllers), Welding Process, Payload (Less than 25 kg Payload, 25 kg to 100 kg Payload, More than 100 kg Payload), End-use Industry, and Geography – Global Forecast to 2029

The Robotic Welding Market is expected to reach $6.77 billion by 2029, at a CAGR of 6.2% during the forecast period of 2022–2029. By volume, this market is expected to reach 163.3 thousand units by 2029, at a CAGR of 11.2% from 2022 to 2029. The growth of this market is driven by the increasing adoption of industry 4.0 principles and the rising adoption of welding robots in the automotive industry. However, the high initial cost of installing welding robots is expected to restrain the growth of this market.

Artificial intelligence has seen significant advancements in recent years, particularly in the domain of conversational agents. When people think of conversational AI, they frequently imagine chatbots and voice assistants used for omnichannel customer service and online chat. The rise of Conversational AI, powered by Large Language Models (LLMs), has opened up new possibilities for creating more natural, engaging, and human-like interactions between humans and computers. By analyzing and generating text contextually, Large Language Models (LLMs) mimic the dynamics of human conversation. They can generate creative responses, tailor their output to the conversational context, and adopt unique AI agent characteristics, such as different dialects and verbosity levels.