Artificial Intelligence Robots Market by Offering, Robot Type, Technology, Application

Description

List of Tables

The Artificial Intelligence Robots Market was valued at USD 11.65 billion in 2023, expected to reach USD 14.94 billion in 2024, and is projected to grow at a CAGR of 29.07%, to USD 69.56 billion by 2030.

The scope of Artificial Intelligence (AI) Robots encompasses the integration of AI technologies and robotics to perform tasks traditionally requiring human intelligence. These robots, equipped with machine learning, vision, and natural language processing, are pivotal in automating various operations across industries. The necessity of AI robots lies in their capability to enhance productivity, improve efficiency, and operate in challenging or hazardous environments where human safety is at risk. Applications span from industrial automation to healthcare, logistics, and customer service, significantly impacting sectors like manufacturing, healthcare, and automotive. The end-use scope is vast, as these robots are increasingly employed in smart manufacturing units, automated warehouses, medical surgeries, and service industries. Market growth is driven by technological advancements, a boost in demand for automation, and substantial investments in AI research. Emerging opportunities are evident in sectors like healthcare, where AI robots could revolutionize patient care and surgical procedures, and logistics, where they can optimize supply chain efficiencies. To capture these opportunities, businesses should invest in developing adaptable AI models and leverage data analytics for enhanced decision-making. However, market growth does face limitations, such as high initial investment costs, potential job displacement fears, and regulatory hurdles concerning data privacy and ethics. Additionally, AI robots are challenged by issues around interoperability and the need for advanced sensors to improve performance. Addressing these challenges requires a focus on innovation areas like developing more sophisticated algorithms, improving human-robot interaction, and ensuring the ethical deployment of AI technologies. The nature of the AI robots market is dynamic and rapidly evolving, characterized by intense competition and continuous technological breakthroughs. Businesses can thrive by staying ahead with research in adaptive algorithms, expanding AI's application horizon, and collaborating with tech companies to push the boundaries of AI capabilities further.

KEY MARKET STATISTICS
Base Year [2023]	USD 11.65 billion
Estimated Year [2024]	USD 14.94 billion
Forecast Year [2030]	USD 69.56 billion
CAGR (%)	29.07%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Artificial Intelligence Robots Market

The Artificial Intelligence Robots Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- High adoption of robots in the manufacturing and industrial sectors
- Rise in demand for AI robots for personal and domestic use
- Government initiatives supporting robotics technology development
Market Restraints
- High ownership and maintenance cost associated with AI robots
Market Opportunities
- Ongoing technological advancements in AI robots
- Emergence of humanoid and collaborative AI robots
Market Challenges
- Concerns related to data security and privacy

Porter's Five Forces: A Strategic Tool for Navigating the Artificial Intelligence Robots Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Artificial Intelligence Robots Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Artificial Intelligence Robots Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Artificial Intelligence Robots Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Artificial Intelligence Robots Market

A detailed market share analysis in the Artificial Intelligence Robots Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Artificial Intelligence Robots Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Artificial Intelligence Robots Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Artificial Intelligence Robots Market

A strategic analysis of the Artificial Intelligence Robots Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Artificial Intelligence Robots Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Advanced Micro Devices, Inc., AIBrain Inc., BLUE FROG ROBOTICS, Boston Dynamics, Inc., Comau S.p.A., Diligent Robotics Inc., FANUC CORPORATION, FRANKA EMIKA GmbH, HANSON ROBOTICS LTD., Intel Corporation, International Business Machines Corporation, Intuitive Surgical, Inc., iRobot Corporation, Kuka AG, LG Electronics, Miko Robot, Nvidia Corporation, PAL Robotics, Rethink Robotics by HAHN Group GmbH, Samsung Electronics Co., Ltd., Sanctuary Cognitive Systems Corporation, Sarcos Robotics, Sony Corporation, Staubli International AG, Ubtech Robotics Corp Ltd., United Robotics Group GmbH, Universal Robots A/S, and Zebra Technologies Corp..

Market Segmentation & Coverage

This research report categorizes the Artificial Intelligence Robots Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Offering, market is studied across Hardware and Software.
Based on Robot Type, market is studied across Industrial Robots and Service Robots.
Based on Technology, market is studied across Computer Vision, Context Awareness, Edge Computing, Machine Learning, and Natural Language Processing.
Based on Application, market is studied across Agriculture, Construction, Education & Entertainment, Healthcare, Industrial & Warehouse Management, Military & Defence, and Research & Space Exploration.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-2022E1125810

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. High adoption of robots in the manufacturing and industrial sectors
  - 5.1.1.2. Rise in demand for AI robots for personal and domestic use
  - 5.1.1.3. Government initiatives supporting robotics technology development
- 5.1.2. Restraints
  - 5.1.2.1. High ownership and maintenance cost associated with AI robots
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing technological advancements in AI robots
  - 5.1.3.2. Emergence of humanoid and collaborative AI robots
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to data security and privacy
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Rising incorporation of edge computing owing to real-time decision-making
- 5.2.2. Application: Emerging application of artificial intelligence robots in healthcare due to advanced AI capabilities
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Artificial Intelligence Robots Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Software

7. Artificial Intelligence Robots Market, by Robot Type

7.1. Introduction
7.2. Industrial Robots
7.3. Service Robots

8. Artificial Intelligence Robots Market, by Technology

8.1. Introduction
8.2. Computer Vision
8.3. Context Awareness
8.4. Edge Computing
8.5. Machine Learning
8.6. Natural Language Processing

9. Artificial Intelligence Robots Market, by Application

9.1. Introduction
9.2. Agriculture
9.3. Construction
9.4. Education & Entertainment
9.5. Healthcare
9.6. Industrial & Warehouse Management
9.7. Military & Defence
9.8. Research & Space Exploration

10. Americas Artificial Intelligence Robots Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Artificial Intelligence Robots Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Artificial Intelligence Robots Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. ABB Acquires Sevensense to Revolutionize Robotics in Logistics and Manufacturing
- 13.3.2. California's Figure and BMW Partner to Integrate AI-Powered Humanoid Robots in Car Manufacturing
- 13.3.3. AI startup Figure Raises USD 70 Million in Funding to Build Humanoid Robots
- 13.3.4. Addtronics Acquires Bow Robotics
- 13.3.5. Berkshire Grey Agrees to Merge With SoftBank Group and Go Private
- 13.3.6. Sanctuary AI Deploys First Humanoid General-Purpose Robot Commercially
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Ltd.
2. Advanced Micro Devices, Inc.
3. AIBrain Inc.
4. BLUE FROG ROBOTICS
5. Boston Dynamics, Inc.
6. Comau S.p.A.
7. Diligent Robotics Inc.
8. FANUC CORPORATION
9. FRANKA EMIKA GmbH
10. HANSON ROBOTICS LTD.
11. Intel Corporation
12. International Business Machines Corporation
13. Intuitive Surgical, Inc.
14. iRobot Corporation
15. Kuka AG
16. LG Electronics
17. Miko Robot
18. Nvidia Corporation
19. PAL Robotics
20. Rethink Robotics by HAHN Group GmbH
21. Samsung Electronics Co., Ltd.
22. Sanctuary Cognitive Systems Corporation
23. Sarcos Robotics
24. Sony Corporation
25. Staubli International AG
26. Ubtech Robotics Corp Ltd.
27. United Robotics Group GmbH
28. Universal Robots A/S
29. Zebra Technologies Corp.