Artificial Intelligence Robots Market to Cross USD 119.69 Billion by 2030 owing to Rising Demand for Personalized Customer Experiences
Research Reports
Oct 27, 2023
Artificial Intelligence Robots Market Scope & Overview
The Artificial Intelligence Robots Market, as stated in the SNS Insider report, was valued at USD 9.96 billion in 2022. It is projected to attain a value of USD 119.69 billion by 2030, indicating a substantial compound annual growth rate (CAGR) of 36.45% during the forecast period spanning from 2023 to 2030.
AI robots are autonomous machines integrated with advanced AI algorithms, enabling them to perceive their environment, learn from experiences, and make decisions based on data analysis. Unlike traditional robots, AI robots possess the ability to adapt to new situations, learn from interactions, and perform tasks with a level of intelligence akin to human cognition. This amalgamation of AI and robotics has given rise to a diverse range of robots, each designed for specific tasks and industries. AI robots have revolutionized manufacturing processes, streamlining production lines, reducing errors, and optimizing resource utilization. These robots excel in tasks requiring precision and speed, enhancing the overall efficiency of manufacturing plants.
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Key Players Covered in Artificial Intelligence Robots market report are:
ABB
Anki
Robotics Hanson Inc.
Blue Frog Robotics
CloudMinds
Mayfield Robotics
Nvidia Corporation
Promobot LLC
UBTech Robotics Limited
Brain Corporation.
Market Analysis
Advancements in AI technology have paved the way for more intelligent and efficient robots. Breakthroughs in natural language processing, computer vision, and neural networks have enhanced the capabilities of AI robots, making them more adept at understanding and responding to human interactions. This technological progress is a significant driver fueling the growth of the artificial intelligence robots market. AI robots find applications across a diverse range of industries, including healthcare, manufacturing, automotive, and logistics. In healthcare, AI robots assist in surgeries and patient care, while in manufacturing, they optimize production processes. The versatility of AI robots and their ability to perform tasks with precision and speed are driving their adoption in various sectors, contributing significantly to market growth. The demand for personalized customer experiences is on the rise across industries. AI robots, equipped with advanced algorithms, can analyze customer preferences and behavior patterns in real time.
Artificial Intelligence Robots Market Segmentation as Follows:
On The Basis of Product
Services
Instrument & Accessories
On The Basis of Applications
Military & Defense
Public Relations
Healthcare Assistants
Industrial
Stock Management
Research and Space Exploration
On The Basis of Technology
Machine learning
Computer Vision
Awareness
On The Basis of Offering
Software
Hardware
Segmented by Region/Country:
North America
Europe
China
Japan
Asia Other
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Impact of Recession
The recession has prompted a shift in consumer priorities, driving the demand for AI robots in novel directions. While industrial automation remains a cornerstone of the market, there has been a noticeable uptick in the adoption of AI robots in healthcare, logistics, and service sectors. Governments worldwide have recognized the potential of the artificial intelligence robots market as a catalyst for economic recovery. Substantial investments in research and development, coupled with incentives for businesses to adopt AI technologies, have bolstered market resilience. These initiatives not only fuel innovation but also create a conducive environment for startups and small businesses, promoting market competitiveness and sustainability.
Impact of Russia-Ukraine War
The geopolitical situation has the potential to shift the global market dynamics for AI robots. With certain regions becoming less accessible or politically unstable, manufacturers may explore new markets and distribution channels. Emerging economies could witness increased investments as businesses seek stable environments for their operations. This geographical shift might reshape the competitive landscape of the artificial intelligence robots market. As AI robots become more integrated into various sectors, ensuring the security of these systems becomes paramount. The conflict has highlighted the importance of robust cybersecurity measures to safeguard AI robots from potential cyber threats, leading to increased investments in cybersecurity technologies and solutions.
Key Regional Development
North America stands as a beacon of innovation, spearheading the development of cutting-edge AI-driven robots. With tech giants and startups collaborating seamlessly, the region witnesses a continuous influx of investments in research and development. The presence of robust infrastructures, skilled workforce, and supportive governmental policies propels the growth of AI robots. Europe, known for its emphasis on collaborative technologies, thrives in the artificial intelligence robots market. The region’s manufacturing sector significantly benefits from collaborative robots, where human-robot collaboration enhances productivity and safety. Asia-Pacific emerges as a hotbed of AI robot adoption, driven by the region’s booming economies and the relentless pursuit of technological excellence. Countries like China, Japan, and South Korea lead the way in AI robot production and deployment.
Key Takeaway from Artificial Intelligence Robots Market Study
– The military & defense segment stands out as a significant force, poised to dominate the market. With cutting-edge technological advancements, this sector is revolutionizing the way we perceive and utilize AI-driven robotics. Military and defense applications have historically been at the forefront of innovation, demanding highly sophisticated and precise AI robots for various tasks, from reconnaissance to combat scenarios.
– The machine learning segment is making significant strides in the market. Machine learning algorithms are at the heart of AI robotics, enabling these machines to learn from data, improve their performance over time, and operate autonomously with minimal human intervention. Machine learning algorithms contribute to the development of AI robots with advanced safety features, ensuring secure interactions with humans and their environments.
Recent Developments Related to Artificial Intelligence Robots Market
– Electric Sheep, a pioneering company in the field of AI robotics, has successfully acquired Phenix Landscape and Complete Landscaping, two prominent players in the landscaping business. This move is anticipated to enhance their capabilities, allowing them to offer a comprehensive suite of landscaping solutions tailored to meet the diverse needs of their customers.
– Ati Motors, a pioneering company specializing in advanced robotic technologies, has successfully secured a substantial funding of $10.85 million in its Series A funding round. The influx of $10.85 million in funds will enable the company to accelerate its research and development efforts, expand its technological capabilities, and fuel its ambitious plans for market expansion.
Table of Content – Analysis of Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Artificial Intelligence Robots Market Segmentation, By Product
9. Artificial Intelligence Robots Market Segmentation, By Applications
10. Artificial Intelligence Robots Market Segmentation, By Technology
11. Artificial Intelligence Robots Market Segmentation, By Offering
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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