Artificial Intelligence Robots Market 2030 By Component (Hardware, Software), Robot Type (Service Robots, Industrial Robots), Deployment Mode (On-Premise and Cloud-based), Application and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Electronics & Semiconductors | Pages : 196 Pages | Published On : Feb 2024

         
     

Artificial Intelligence Robots Market was valued USD 13.0 Billion in 2023 and projected to reach USD 78.1 Billion by 2030, growing at a CAGR of 29.2% during the forecast period of 2023-2030.

Major vendors in the global Artificial Intelligence Robots Market: NVIDIA, SoftBank, Intel, Xilinx, ABB, Fanuc, IBM Corporation, Brain Corporation, Neurala, Inc., Veo Robotics, Inc., Microsoft Corporation, Kawasaki, Yaskawa, Mitsubishi, Omron and Others.

Market Overview

The Artificial Intelligence (AI) robots market is witnessing an unprecedented surge in growth, marking a profound shift in the global technological landscape. AI robots, a convergence of artificial intelligence and robotics, embody machines equipped with cognitive abilities to perceive, learn, and adapt to their surroundings. This transformative fusion enables these robots to perform tasks autonomously, exhibiting a level of intelligence that sets them apart from traditional robotic systems. The global market for Artificial Intelligence (AI) robots is undergoing a transformative evolution, propelled by rapid advancements in technology and an increasing integration of AI into various industries. This dynamic landscape is characterized by a surge in demand for intelligent robotic systems that can automate tasks, enhance efficiency, and contribute to the overall productivity of diverse sectors. One of the key drivers fueling the growth of the AI robots market is the rising adoption of automation across industries. Businesses are increasingly recognizing the potential of AI-powered robots to streamline operations, reduce costs, and improve overall performance. From manufacturing and logistics to healthcare and customer service, AI robots are being deployed to perform tasks that require precision, speed, and adaptability.

Automation Demand Across Industries

The increasing demand for automation across industries stands as a formidable driver propelling the growth and prominence of the Artificial Intelligence (AI) Robots Market. This pervasive trend is reshaping the way businesses operate, with a clear shift toward integrating intelligent robotic systems into diverse sectors. As industries recognize the transformative potential of AI robots, the emphasis on automating tasks, processes, and operations becomes a strategic imperative. One of the primary motivations behind this surge in automation demand is the pursuit of operational efficiency, where AI robots emerge as catalysts for optimizing workflows and reducing manual labor dependencies. In the manufacturing sector, automation has become synonymous with improved productivity, enhanced quality control, and streamlined production processes. AI robots, equipped with advanced machine learning algorithms and robotic precision, offer manufacturers the ability to automate intricate tasks that were once reliant on human intervention. This not only accelerates production cycles but also ensures a consistent and high level of accuracy in the manufacturing of complex products. The result is a manufacturing landscape characterized by increased output, reduced errors, and a competitive edge in the global market.

Market Dynamics

Drivers:

  • Automation Demand Across Industries
  • Increasing Labor Costs and Workforce Challenges
  • Growing healthcare sector

Opportunities:

  • Increasing robotics investments based on artificial intelligence
  • Focus on developing robots with special application cases that work and add value
  • Service Robots for Elderly and Disabled Care

Service Robots for Elderly and Disabled Care

The growing opportunity within the Artificial Intelligence (AI) Robots Market lies in the realm of service robots designed specifically for elderly and disabled care. As the global population ages and life expectancy increases, there is a growing need for innovative solutions to address the challenges associated with caregiving. AI robots, equipped with advanced capabilities in natural language processing, facial recognition, and mobility, present a transformative avenue for providing support and companionship to the elderly and disabled individuals. These service robots have the potential to revolutionize the caregiving landscape by offering personalized assistance, enhancing the quality of life, and providing a sense of independence to those in need. One of the primary advantages of AI-driven service robots in elderly and disabled care is their ability to cater to the unique and diverse needs of individuals. These robots can be programmed to assist with various daily tasks, such as medication reminders, mobility support, and even household chores, alleviating the burden on caregivers and empowering individuals to maintain a higher level of autonomy. The adaptability of AI robots ensures that they can be customized to meet the specific requirements of each user, providing a personalized and responsive caregiving experience.

The market for Artificial Intelligence Robots is dominated by North America.

The dominance of the North American region in the Artificial Intelligence (AI) Robots Market is a testament to its role as a prominent innovator and pioneer in the adoption of robotics. This region not only stands as one of the largest markets but also plays a pivotal role in shaping the trajectory of the global AI robots landscape. The factors driving the market growth in North America are multifaceted, with a strong emphasis on innovation and automation across industries. One of the key drivers is the surge in warehouse automation, where AI robots are deployed to streamline logistics and supply chain operations. The North American market has witnessed a rapid increase in the adoption of automated material handling systems, contributing to heightened efficiency and reduced operational costs for businesses. The trend of lights-out automation, characterized by minimal human intervention in manufacturing and operational processes, has gained significant traction in North America. This approach aligns with the region's commitment to cutting-edge technological solutions, and AI robots play a central role in realizing lights-out automation. The deployment of AI robots in lights-out facilities enhances precision, accelerates production cycles, and ensures continuous operations, further solidifying the region's dominance in the global AI robots market.

The software Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Depending on the offering the market for artificial intelligence robots is segmented into software and hardware. The software segment stands out as the dominating force in the Artificial Intelligence (AI) Robots Market, playing a pivotal role in shaping the capabilities and functionalities of these intelligent machines. As AI robots continue to evolve, their effectiveness hinges significantly on the sophisticated software solutions that enable them to perceive, learn, and execute tasks with precision. The dominance of the software segment can be attributed to the critical role it plays in enhancing the cognitive abilities of AI robots, encompassing advanced algorithms for machine learning, computer vision, and natural language processing.

Global Artificial Intelligence Robots Market Report Scope:

Report

Details

Market size value in 2023

USD 13.0 Billion

Market size value in 2030

USD 78.1 Billion

CAGR (2023-2030)

29.2%

Forecast Period

2023–2030

Historic Data

2019

Forecast Units

Value (USD Million/USD Billion)

Segments Covered

Offering, Robot Type, Deployment Mode, Application and Region

Geographies Covered

North America, Europe, Asia Pacific, and RoW

Major Segmentations Are Distributed as follows:

  • By Offering:
    • Hardware
    • Software
  • By Robot Type :
    • Service Robots
    • Industrial Robots
  • By Deployment Mode:
    • On-Premises
    • Cloud
  • By Application:
    • Military & Defence
    • Law Enforcement
    • Personal Assistance and Care giving
    • Security and Surveillance
    • Public Relations
    • Education and Entertainment
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • U.K.
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of MEA

 Recent Developments

  • In January 2022, Brain Corporation entered into a partnership with Tennant Technology to launch Inventory Scan, a robotic solution to automatically scan in-store inventory details. These Inventory Scan robots, in integration with BrainOS-powered autonomous floor scrubbers, help capture and report key inventory data.
  • In February 2021, ABB launched new GoFa™ and SWIFTI™ cobot families, offering higher payloads and speeds, to complement YuMi® and Single Arm YuMi® in ABB’s cobot line-up. These cobots will accelerate the company’s expansion in high-growth segments, including electronics, healthcare, consumer goods, coordination and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.

Answers to Following Key Questions:

  • What will be the Artificial Intelligence Robots Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the Artificial Intelligence Robots Market?
  • What are the main forces behind worldwide Artificial Intelligence Robots Market? Which companies dominate Artificial Intelligence Robots Market?
  • Which companies dominate Artificial Intelligence Robots Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Insight Engines industry's suppliers' opportunities and dangers in Artificial Intelligence Robots Market?
  • What is the Insight Engines industry's regional sales, income, and pricing analysis? In the Artificial Intelligence Robots Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Artificial Intelligence Robots Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for Artificial Intelligence Robots Market?
  • What are the dominant revenue-generating regions for Artificial Intelligence Robots Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Artificial Intelligence Robots Market trends that are influencing the market's expansion?
  • Which key product categories dominate Artificial Intelligence Robots Market? What is Artificial Intelligence Robots Market’s main applications?
  • In the coming years, which Artificial Intelligence Robots Market technology will dominate the market?

Reason to purchase this Artificial Intelligence Robots Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Artificial Intelligence Robots Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Artificial Intelligence Robots Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Artificial Intelligence Robots Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Artificial Intelligence Robots Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Artificial Intelligence Robots Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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