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The artificial intelligence robots market size is forecast to increase by USD 31.53 billion at a CAGR of 37.2% between 2023 and 2028. The Artificial Intelligence (AI) robots market is witnessing significant growth due to the high adoption of private-use robots and the increasing demand for productivity and performance enhancements. Logic and sensors are integral components of AI robots, enabling them to make decisions based on data and interact with their environment. Advancements in computer vision and Machine Learning (ML) procedures are driving the development of more sophisticated robotic structures. However, the increasing manufacturing costs of batteries and actuators pose a challenge to market growth. Despite these challenges, the potential benefits of AI robots, including improved efficiency, accuracy, and human-robot collaboration, make them an attractive investment for businesses across industries.
In the realm of computer science, the market for artificial intelligence (AI) robots is experiencing significant growth, driven by advancements in machinery, machine learning, adaptive computing, and robotics technology. The latest-generation smart robots are revolutionizing industries such as manufacturing and warehousing, with the ability to learn naturally from their environment and adapt to temperature, air pressure, climate, wind, and other conditions. These robots are equipped with AI solutions and platforms, advanced sensors, processors, memory, networking, logic, and batteries, enabling them to process complex data and make decisions based on real-time information. AI vision systems are also becoming increasingly common, allowing robots to interpret and understand visual information. The integration of connected sensors and advanced computing capabilities is enabling robots to optimize their performance and execute tasks more efficiently. The technological load of AI robots continues to increase, with the addition of advanced actuators and storage devices to enhance their capabilities.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The software segment is estimated to witness significant growth during the forecast period. Artificial Intelligence (AI) robots are revolutionizing various industries, particularly in warehouses, where the latest-generation smart robots are being employed for robotics execution. Software is a crucial component of AI robots, enabling programs to function on these devices. Advanced technologies such as AI, Machine Learning (ML), facial recognition, and gesture recognition are integrated into these robots through software programs. Major companies like KUKA (MIDEA Group) and FANUC are at the forefront of this innovation. KUKA offers application software such as KUKA HRC App, KUKA.PerceptionTech, and KUKA.PickControl; system software like KUKA SystemSoftware and KUKA Sunrise.OS; and cloud software including KUKA Xpert, KUKA Connect, and KUKA Compose.
FANUC, on the other hand, provides simulation software called ROBOGUIDE. These software solutions enable AI robots to learn naturally, connect sensors, and perform original-language reckoning actions, making them indispensable in the realm of computer hardware and Natural Language Processing (NLP) technologies.
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The software segment was valued at USD 1.46 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Artificial Intelligence (AI) robots market is witnessing significant growth due to the increasing implementation of latest-generation smart robots in various sectors, particularly in warehouses for robotics execution. The use of AI in robots enables them to learn naturally from their environment and perform original-language reckoning actions. The integration of connected sensors and computer hardware with NLP technologies is driving the market growth. APAC dominates the global AI robots market, with countries like China, Japan, and South Korea leading the way, due to the rising adoption of AI-based robotics for applications in retail, inventory management, healthcare, defense, and security. The growing need for automation in industries, especially manufacturing, is also fueling the demand for AI robots. These robots are designed to execute repetitive, monotonous, and hazardous tasks, thereby enhancing productivity and maximizing accuracy.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The high adoption of private-use robots is the key driver of the market. In the realm of technological innovation, the Artificial Intelligence (AI) robots market is experiencing significant growth, driven by advancements in computer science and machinery. Machine learning algorithms and adaptive computing are at the heart of this progress, enabling robots to learn from their environment and adapt to changing conditions. Vision systems and robotics technology are becoming increasingly sophisticated, allowing robots to navigate complex environments and perform tasks with precision. Temperature, air pressure, and climate control are essential considerations in the design and implementation of AI robots, ensuring their optimal performance. The adoption of AI robots is being fueled by the rising demand for home automation and the increasing acceptance of robots for private use.
Moreover, the widespread use of cleaning robots and security robots is a testament to this trend. According to research conducted by MIT, the aging population in various countries is driving the adoption of companion robots, particularly in developing nations and those with a growing elderly population. These factors are contributing to the expansion of the global AI robots market, as the use of private-use robots continues to grow.
An increase in demand for productivity and performance of robots is the upcoming trend in the market. In the dynamic realm of manufacturing, businesses are prioritizing the implementation of automated control systems, integrating advanced technologies such as artificial intelligence (AI), machine learning (ML), adaptive computing, vision systems, and robotics technology. The primary objective is to amplify productivity, elevate product quality, and decrease labor expenses. To minimize manual and clerical tasks and labor costs, companies are substituting human labor with robots, such as collaborative robots and professional robots. Various sectors, including automotive, consumer electronics, healthcare, and industry, are progressively embracing robots to automate their manufacturing operations, propelling the market's expansion. Temperature and air pressure control are essential considerations in the deployment of these advanced systems, ensuring optimal climate conditions for efficient manufacturing processes.
Increasing manufacturing cost of robots is a key challenge affecting the market growth. In the realm of computer science and machinery, the integration of artificial intelligence (AI), machine learning (ML), adaptive computing, vision systems, and robotics technology is revolutionizing various industries. Companies across sectors such as healthcare, automotive, industrial, and transportation are investing substantially in these advanced technologies to automate functions, including security, painting, material transfer, machine tending, and quality inspection. Robots, comprised of hardware like sensors, actuators, power sources, controllers, and software, are being adopted in the form of collaborative robots and industrial AI robots to streamline processes. To expand the capabilities of these robots, companies are merging multiple sensors and control systems.
However, the high cost of manufacturing these components poses a significant challenge to the growth of the global AI robots market, as it increases the overall expense of producing robots. Temperature and air pressure control systems are also crucial components in the production of AI robots, ensuring optimal operating conditions for the sophisticated technology.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BLUE FROG ROBOTICS SAS - The company offers an AI-based humanoid robot named Buddy, a smart and mobile robot that can express emotions and could be used as an adult assistant, teenage buddy, childcare assistant, and companion for senior citizens. Also, the company deals with the development of smart robots that are integrated with AI, technology, computer vision, natural language processing, and gesture controls.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Artificial Intelligence (AI) robots are revolutionizing various industries by automating repetitive tasks, enhancing productivity, and enabling intelligent behavior. The robotics industry is witnessing significant advancements with the emergence of the latest-generation smart robots, which are equipped with machine learning, adaptive computing, vision systems, and natural language processing (NLP) technologies. These robots are designed to learn naturally from their environment and are capable of original-language reckoning actions. The adoption of AI robots is increasing in sectors such as healthcare, automobile manufacturing, and warehouses. The integration of computer hardware, NLP technologies, and machine learning methods is enabling robots to perform complex tasks with proficiency, reducing human interference.
Moreover, the use of connected sensors, temperature, air pressure, climate, wind, and other environmental data sets in AI platforms is facilitating intelligent behavior in robots. The technological load of AI robots includes computer vision, ML procedures, robotic structures, GPUs, MPUs, processors, memory, networking, storage, logic, sensors, batteries, and actuators. The future of AI robots lies in their ability to learn from their surroundings, interact with humans, and support intelligent behavior in various applications. The 5G setup is expected to provide a significant boost to the adoption of AI robots by enabling seamless connectivity and real-time data processing.
Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 37.2% |
Market growth 2024-2028 |
USD 31.53 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
35.42 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Advanced Micro Devices Inc., Alphabet Inc., Amazon.com Inc., ASUSTeK Computer Inc., BLUE FROG ROBOTICS SAS, FANUC Corp., HANSON ROBOTICS Ltd., Intel Corp., International Business Machines Corp., LG Electronics Inc., Microsoft Corp., MIDEA Group Co. Ltd., Miso Robotics Inc., Neurala Inc., NTT Disruption Europe SL, NVIDIA Corp., Promobot LLC, Robert Bosch GmbH, and SoftBank Robotics Group Corp. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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