Artificial Intelligence Robots Market Size, Share, Growth Analysis, By Component, By Application, By Technology, By Deployment, By Robot Type, By Region

Description

Artificial Intelligence (AI) Robots Market size was valued at USD 12 billion in 2022 and is poised to grow from USD 14.58 billion in 2023 to USD 69.24 billion by 2031, growing at a CAGR of 21.5% in the forecast period (2024-2031).

Artificial intelligence (AI) robots, which combine robotic and AI technologies to optimize and automate operations, are gaining traction across various industry verticals. The increasing adoption of automation technologies is expected to drive sales of AI robots in the coming years. Rapid advancements in both robotic and AI technologies are pivotal in fostering the development of AI robots. Moreover, expanding application possibilities in robotics and substantial investments in new robot innovations are anticipated to further fuel demand for AI robots. However, significant initial investments and concerns regarding their impact on the workforce are projected to potentially hinder the growth of AI robot sales shortly.

Top-down and bottom-up approaches were used to estimate and validate the size of the Artificial Intelligence (AI) Robots Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Artificial Intelligence (AI) Robots Market Segmental Analysis

Artificial Intelligence (AI) robots market is segmented based on robot type, component, deployment, technology, application and region. Based on deployment, the market is divided into cloud and on-premise. In terms of robot type, the market is segmented into service robots, industrial robots, and others. On the basis of component, the market is segmented into hardware, and software. In terms of technology, the market is bifurcated into machine learning, computer vision, context awareness, and natural language processing. Based on application, the market is divided into Manufacturing, Transportation, Security, Healthcare, Energy, Others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.

Drivers of the Artificial Intelligence (AI) Robots Market

The rise of Industry 4.0 and increasing emphasis on enhancing efficiency through automation are expected to drive substantial demand for artificial intelligence (AI) robots in the coming years. This trend highlights a significant move towards integrating advanced technologies into industrial workflows, aiming to boost productivity and streamline operations effectively.

Restraints in the Artificial Intelligence (AI) Robots Market

Procuring and deploying artificial intelligence (AI) robots is quite expensive and organizations are concerned with the return on investment of these AI robots. Added maintenance and repair costs are also hampering the scope of return on investment and thereby slowing down market growth as well.

Market Trends of the Artificial Intelligence (AI) Robots Market

Artificial intelligence (AI) robot providers are investing in research and development to expand their product capabilities beyond current applications. Collaboration with industries helps identify specific needs, enabling the development of specialized AI robots that can optimize sales and enhance productivity. This market trend highlights the growing focus on precision and effectiveness, with robots designed for specific tasks across various sectors. These specialized automatons seamlessly integrate with human counterparts, fostering collaboration and boosting overall workforce productivity.

Product Code: SQMIG45J2218

Introduction

Objectives of the Study
Definitions
Market Scope

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Executive Summary

Market Overview Outlook
Supply Demand Trend Analysis
Segmental Opportunity Analysis

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers

Key Market Insights

Technology Analysis
Pricing Analysis
Value Chain Analysis
Case study Analysis
Ecosystem of the Market
Start-up Analysis
Regulatory Landscape
Innovation Matrix
Top Investment Analysis
Key Success Factor
Degree of Competition

Global Artificial Intelligence Robots Market by Component

Market Overview
Software
- AI Solutions
- AI Platforms
Hardware
- Processors
- Storage Devices
- Network Devices

Global Artificial Intelligence Robots Market by Technology

Market Overview
Machine Learning
Computer Vision
Context Awareness
Natural Language Processing

Global Artificial Intelligence Robots Market by Deployment

Market Overview
Cloud
On-premises

Global Artificial Intelligence Robots Market by Robot Type

Market Overview
Service Robots
- Ground
- Aerial
- Underwater
Industrial Robots
- Traditional Industrial Robots
- Articulated robots
- SCARA robots
- Parallel robots
- Cartesian robots
- Other robots
- Collaborative Industrial Robots

Global Artificial Intelligence Robots Market by Application

Market Overview
Military & Defense
- Spying
- Search and Rescue Operations
- Border Security
- Combat Operations
Law Enforcement
- Road Patrolling
- Riot Control
Personal Assistance And Caregiving
- Elderly Assistance
- Companionship
- Security And Surveillance
Public Relations
- Reception Care
- Tour Guidance
Education And Entertainment
- Education
- Entertainment
Research And Space Exploration
Industrial
Agriculture

Global Artificial Intelligence Robots Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Activities in the Market
Key Companies Market Share (%), 2023

Key Company Profiles

ABB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AIBrain, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
International Business Machines Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kawasaki
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alphabet
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Omron
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Promobot
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vicarious
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Xilinx
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Blue Frog Robotics & Buddy - Emotional Robot
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Brain Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CloudMinds Technology Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
UB Tech Robotics, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Veo Robotics, Inc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Intel Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
DataRobot, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fanuc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hanson Robotics Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NVIDIA Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Artificial Intelligence Robots Market Size, Share, Growth Analysis, By Component, By Application, By Technology, By Deployment, By Robot Type, By Region - Industry Forecast 2024-2031