Artificial Intelligence Robots Market by Offering (Hardware, Software), Robot Type (Industrial Robots, Service Robots), Technology, Application - Global Forecast 2024-2030

[191 Pages Report] The Artificial Intelligence Robots Market size was estimated at USD 11.65 billion in 2023 and expected to reach USD 14.94 billion in 2024, at a CAGR 29.07% to reach USD 69.56 billion by 2030.

AI robots use different AI technologies, including machine learning, computer vision, and reinforcement learning, and are controlled by AI programs. AI robots are intelligent machines designed to mimic human behavior and complete tasks autonomously and are capable of carrying out complex operations using various cutting-edge algorithms. AI robots can be used for multiple purposes, such as automation, process efficiency optimization, predictive analytics, data mining, and analysis. The manufacturing and industrial sectors are increasingly adopting AI robots to conduct various operations and predict breakdowns and accidents in industrial premises. However, the high cost of deployment and data privacy concerns may impede the adoption by the end-use sectors. However, the ongoing advancements and emerging use of AI robots for domestic use are expected to create immense potential for the growth of the AI robot market.

The artificial intelligence robots market is highly evolving in the Americas owing to the significant advancements in digital technologies and a steady rise in the adoption of AI robots due to their potential to assist industries in enhancing operational efficiency. AI robots are being utilized for automation tasks such as production line management and customer service operations in the Americas. AI robots are widely used for safety-critical tasks such as healthcare monitoring, security surveillance, and manufacturing automation in the APAC region. The growing demand for creating higher-value products and increasing adoption of predictive models that can anticipate future trends and customer needs encourage the use of AI robots in the EMEA region. Additionally, the introduction of breakthrough AI robots and the rise in R&D activities for developing AI robots with improved operational efficiency and minimal errors are anticipated to propel the growth of the robot market worldwide.

The market dynamics represent an ever-changing landscape of the Artificial Intelligence Robots Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• 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

• Technology: Rising incorporation of edge computing owing to real-time decision-making

  Computer vision technology allows robots to detect objects, identify patterns, track movements, and recognize faces in images or videos. It also allows them to navigate environments and manipulate objects autonomously, making it a key part of AI robotics. Context awareness is an AI technology that helps robots to better understand their environment by gathering data about the surrounding context and using this information to make decisions. Edge computing can enable robots to process data faster by eliminating latency caused by transmitting large amounts of data over long-distance networks. Machine learning concentrates on designing algorithms that allow computers and robots to automatically learn from datasets without explicitly being programmed by humans. It uses algorithms that can understand from experience and identify patterns in large amounts of data to make predictions or recommendations for actions based on prior learnings. Natural Language Processing (NLP) enables machines to interpret natural language inputs, such as audio recordings or texts written in any language, and then generate output accordingly, which is important in allowing robots to interact with humans more naturally. Edge Computing technologies offer the best performance efficiency due to on-site data processing, which is crucial for real-time applications, whereas machine learning technologies stand out as they continuously improve based on collected data, providing ever-increasing accuracy in analytics and decision-making.

• Application: Emerging application of artificial intelligence robots in healthcare due to advanced AI capabilities

  Artificial intelligence robots are used for agricultural purposes to automate the tedious tasks associated with crop harvesting, monitoring crop growth, weeding, spraying pesticides, and performing soil analyses. Artificial intelligence robots are used in the construction industry for building inspection tasks, 3D printing large structures and components, building demolition, and handling hazardous materials. AI robots are also used to teach students and help create an interactive learning environment that allows students to learn topics faster. AI robots are helping revolutionize the healthcare industry by providing more accurate medical diagnoses, performing surgeries with greater precision, performing laboratory tests quickly and accurately, and transporting medications more efficiently in hospitals. AI robots are widely used in industrial settings to automate repetitive tasks in assembly line work or inventory management systems and enable companies to increase their production output. AI robots also play a key role in modern warfare scenarios by providing better surveillance capabilities and improved situational awareness on the battlefield through unmanned drones or robotic vehicles equipped with advanced sensors and communication systems. AI robotics play an important role in space exploration missions as they can operate independently without human intervention in extreme environments, such as deep space, allowing them to explore these areas safely. Healthcare and industrial & warehouse management show a high need for AI robots due to the critical requirements for precision, efficiency, and safety. While education & entertainment, and agriculture leverage AI robots to provide tailored solutions and improve productivity.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Artificial Intelligence Robots Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Artificial Intelligence Robots Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Artificial Intelligence Robots Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• ABB Acquires Sevensense to Revolutionize Robotics in Logistics and Manufacturing

  ABB's recent acquisition of Sevensense, a Swiss start-up recognized for its AI-powered 3D vision navigation technology for autonomous mobile robots (AMRs), marks a significant step towards advancing robotics in logistics, manufacturing. The integration of Sevensense’s AI and 3D vision navigation technology into ABB's mobile robot portfolio is expected to enhance the efficiency and accuracy of material handling tasks, such as picking, placing, and sorting objects in dynamic environments. This acquisition aims to bring about unprecedented levels of adaptability and precision in machine navigation, shaping the future of automation. [Published On: February 02, 2024]

• California's Figure and BMW Partner to Integrate AI-Powered Humanoid Robots in Car Manufacturing

  Figure, a company based in California specializing in autonomous humanoid robots, announced a commercial agreement with BMW Manufacturing Co., LLC. The agreement aims to deploy general-purpose robots in BMW's automotive manufacturing processes. The partnership aims to explore advanced technologies such as artificial intelligence, robot control, manufacturing virtualization, and robot integration, aiming to enhance productivity and support the evolving demands of the automotive industry. [Published On: January 18, 2024]

• AI startup Figure Raises USD 70 Million in Funding to Build Humanoid Robots

  Figure, startup focused on Artificial Intelligence (AI), raised USD 70 million to build humanoid robots. These advanced robotic systems are set to revolutionize the way humans interact with technology, bringing AI to the forefront of the industry. With the funding secured, Figure is equipped to expand their capabilities and deliver an unprecedented level of automation and convenience. [Published On: May 24, 2023]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Artificial Intelligence Robots Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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, Stäubli International AG, Ubtech Robotics Corp Ltd., United Robotics Group GmbH, Universal Robots A/S, and Zebra Technologies Corp..

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

• Offering
  • Hardware
  • Software
• Robot Type
  • Industrial Robots
  • Service Robots
• Technology
  • Computer Vision
  • Context Awareness
  • Edge Computing
  • Machine Learning
  • Natural Language Processing
• Application
  • Agriculture
  • Construction
  • Education & Entertainment
  • Healthcare
  • Industrial & Warehouse Management
  • Military & Defence
  • Research & Space Exploration

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?