Overview and Scope
Artificial intelligence (AI) robots refer to robotic systems or machines equipped with artificial intelligence capabilities. They can perform repetitive tasks with precision and increased speed, learn processes, perform functions autonomously without human intervention, and reduce human error, increasing accuracy and efficiency.
Sizing and Forecast
The artificial intelligence (AI) robots market size has grown exponentially in recent years. It will grow from $11.88 billion in 2023 to $15.55 billion in 2024 at a compound annual growth rate (CAGR) of 30.9%. The growth in the historic period can be attributed to advancements in machine learning, rise in industrial automation, collaborative robots (cobots), government initiatives and support, increased computing power.
The artificial intelligence (AI) robots market size is expected to see exponential growth in the next few years. It will grow to $44.29 billion in 2028 at a compound annual growth rate (CAGR) of 29.9%. The growth in the forecast period can be attributed to advancements in ai algorithms, integration of ai in healthcare, expanding applications in service sector, focus on human-robot interaction (hri), environmental monitoring and disaster response. Major trends in the forecast period include human-robot collaboration, edge ai and processing, emotional intelligence integration, customization and modularity, ai in healthcare robotics.
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The artificial intelligence (ai) robots market covered in this report is segmented –
1) By Robot Type: Service Robots, Industrial Robots, Other Robot Types
2) By Component: Software, Hardware, Services
3) By Deployment Mode: Cloud, On-premise
4) By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
5) By End-User Industry: Military And Defense, Retail And E-commerce, Healthcare, Food And Beverage, Other End-User Industries
North America was the largest region in the artificial intelligence (AI) robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in demand for industrial robots is expected to propel the growth of the artificial intelligence (AI) robot market going forward. Industrial robots are controllable, programmable devices used in manufacturing and industrial operations to support or replace human labor. AI can enable industrial robots to perform complex tasks such as visual inspection, quality control, and adaptive manufacturing processes with greater autonomy and adaptability. For instance, in May 2023, according to the International Federation of Robotics, a Germany-based professional non-profit organization, global sales of industrial robots increased by 27% from 2020 to 517,385 units in 2021. Therefore, the rise in demand for industrial robots is driving the growth of the artificial intelligence (AI) robot market.
Key Industry Players
Major companies operating in the artificial intelligence (AI) robots market report are Microsoft Corporation, Mitsubishi Motors Corporation, Intel Corporation, The International Business Machines Corporation, SoftBank Group Corp., Nvidia Corporation, Omron Corporation, FANUC CORPORATION, The Yaskawa Electric Corporation, iRobot, Xilinx, Inc., Geek+, Universal Robots, Ubtech Robotics, Brain Corp., Boston Dynamics, Starship Technologies, Vicarious FPC Inc., Diligent Robotics, Cobalt Robotics, Inc., Hanson Robotics Ltd., Blue Frog Robotics, Neurala Inc., Promobot, Miso Robotics
The artificial intelligence (ai) robots market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) Robots Market Characteristics
3. Artificial Intelligence (AI) Robots Market Trends And Strategies
4. Artificial Intelligence (AI) Robots Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) Robots Market Size and Growth
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32. Global Artificial Intelligence (AI) Robots Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) Robots Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Robots Market
35. Artificial Intelligence (AI) Robots Market Future Outlook and Potential Analysis
36. Appendix
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