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The Artificial Intelligence Robots Market size is estimated to grow by USD 1,9157.78 million from 2022 to 2027 and the market’s growth momentum will accelerate at a CAGR of 29.37%. The artificial intelligence robots market size forecast growth depends on several factors, including the high adoption of private-use robots, the miniaturization of sensors and the changing global labor force trends.
Robots that have been integrated with artificial intelligence (AI) technology can complete repetitive jobs more quickly and without human assistance. AI also enables robots to establish communication with other robots and humans. Robots are proving to be more efficient, and at the same time, cheaper labor in specialized fields that need top talent is expected to adopt AI-integrated robots.
The competition among vendors in the global AI robots market has intensified over the years in terms of product features, pricing, customization, and the services offered. Vendors in the market have devised strategies to establish long-term relationships with stakeholders such as distributors, system integrators, and other technology players to leverage each other's core competencies and establish a strong position in the market.
Vendors such as ABB, Alphabet, Amazon., ASUSTeK Computer, Blue Frog Robotics, and Fanuc are leading the artificial intelligence robots industry,
This market research report extensively covers market segmentation by technology (software and hardware), type (service and industrial), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers analyzed the data with 2022 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 a key factor driving the global artificial intelligence (AI) robots market growth. Technological innovation is one of the main drivers of long-term economic growth. The increasing demand for home automation is spurring the widespread adoption of cleaning robots and security robots while increasing consumer awareness of the different types of personal robots that are available is also driving a high level of acceptance of robots for private use.
According to a study conducted by the Massachusetts Institute of Technology (MIT), robotics technology is likely to be adopted by countries with a relatively older population. Thus, there has been a high adoption of companion robots, especially in developing countries and in countries with a rising geriatric population. These factors are increasing the use of private-use robots, which, in turn, is driving the growth of the global AI robots market during the forecast period.
The increase in demand for enhanced productivity and performance in robots will fuel the global artificial intelligence (AI) robot market growth. In the highly competitive manufacturing environment, many companies have increased their focus on automating their manufacturing facilities. They are installing automated control systems enabled with advanced technologies, such as AI, Machine Learning (ML), robotics, and analytics. These companies are focusing on improving their productivity, enhancing product quality, and reducing labor costs.
To eliminate repetitive manual and clerical tasks and reduce labor costs, companies are replacing human labor with robots such as collaborative robots and professional robots. Various industries, including automotive, consumer electronics, healthcare, and industrial end-users, are increasingly adopting robots to automate operations in their manufacturing facilities, thereby driving the growth of the market.
The increasing manufacturing cost is a major challenge to the global artificial intelligence (AI) robots market growth. With rapid digitalization, many companies have increased their focus on automating their functions, such as security, painting, material transfer, machine tending, and quality inspection. Several end-user industries, such as healthcare, automotive, industrial, and transportation, are investing heavily in advanced technologies such as AI, ML, and robotics.
Companies are adopting robots such as collaborative robots and industrial AI robots to automate processes. Robots include hardware such as sensors, actuators, power sources, controllers, and software, all of which enables the robot to perform the assigned tasks. To enhance the capabilities of robots, vendors are integrating multiple sensors and control systems. The cost of these components is high, which increases the overall cost of manufacturing robots and thus hinders the growth of the global AI robots market during the forecast period.
The market research 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 growth strategies.
Global Artificial Intelligence Robots Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the AI robots market.
Bluefrogrobotics - 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 artificial intelligence robots market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the software segment will be significant during the forecast period. Software is an integral part of AI robots, which allows programs to run on these devices. The integration of advanced technologies such as AI, ML, facial recognition, and gesture recognition is made possible with the use of software programs. Major vendors such as KUKA, FANUC, and OMRON offer software that is specifically developed for AI robots.
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The software segment showed a gradual increase in market share from USD 1,047.46 million in 2017 and continued to grow by 2021. Some vendors are utilizing open-source robot software frameworks, such as the Robot Operating System (ROS), Gazebo, and Robot Framework, to develop software for AI robots. The Gazebo can be used to develop applications for indoor and outdoor AI robots. It uses a robot simulation tool that can rapidly test algorithms, perform regression testing, and train AI systems. Some of the advanced features of Gazebo are generating sensor-based data, developing a custom plugin for AI robots, and accessing multiple physics engines such as Open Dynamics Engine (ODE), Bullet, and Dynamic Animation and Robotics Toolkit (DART). It is expected that the increasing focus of vendors on enhancing the capabilities and the integration of advanced technologies in AI robots will accelerate the development of new software platforms during the forecast period. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027. The growth of this segment is primarily attributed to the increasing adoption of Artificial Intelligence Robots, which is driven by an increase in the global demand for the artificial intelligence robots industry.
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APAC is projected to contribute 45% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC dominates the global artificial intelligence robots market because of the increasing adoption of AI-based robotics in retail, inventory management, healthcare, defense, and security applications. Countries such as China, Japan, and South Korea are the major contributors to the regional market. The growing adoption of advanced technologies and mobile devices such as smartphones, tablets, and laptops in emerging economies is creating the need for artificial intelligence robots. Artificial intelligence and machine learning, for instance, are triggering a major technical shift in the industrial robotics industry.
Technavio categorizes the global AI robots market as a part of the Industrial Machinery & within the global Industrials industry. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The artificial intelligence robots market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.
Artificial Intelligence Robots Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 29.37% |
Market growth 2023-2027 |
USD 19,157.78 million |
Market structure |
Fragmented |
YoY growth (%) |
29.03 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, Japan, India, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, 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, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our 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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