NEW
YORK, June 24, 2024 /PRNewswire/ -- The global
artificial intelligence robots market size is estimated
to grow by USD 31.53 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 37.2% during the forecast
period. High adoption of private-use robots is driving
market growth, with a trend towards increase in demand for
productivity and performance of robots. However, increasing
manufacturing cost of robots poses a challenge. Key market
players include 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..
![Technavio has announced its latest market research report titled Global artificial intelligence robots market 2024-2028 Technavio has announced its latest market research report titled Global artificial intelligence robots market 2024-2028](https://mma.prnewswire.com/media/2444589/IRTNTR71279_bw2.jpg)
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Technology (Software
and Hardware), Type (Service and Industrial), and Geography (APAC,
Europe, North America, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
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.
|
Key Market Trends Fueling Growth
In today's manufacturing sector, companies are prioritizing
automation to boost productivity, enhance product quality, and cut
labor costs. They are integrating AI, ML, robotics, and analytics
into their operations through automated control systems. Industries
like automotive, consumer electronics, healthcare, and industry are
adopting robots, such as collaborative and professional models, to
automate tasks and streamline production. This trend is fueling the
growth of the Artificial Intelligence Robots Market.
The Artificial Intelligence (AI) robots market is experiencing
significant growth, with companies investing in advanced
technologies such as machine learning, natural language processing,
and computer vision. The use of AI robots is becoming increasingly
common in various industries, including manufacturing, healthcare,
and logistics. These robots are designed to perform repetitive
tasks, improve efficiency, and enhance productivity. The adoption
of cloud technology and the integration of IoT devices are also
driving the growth of the AI robots market. Furthermore, the
development of adaptive and autonomous robots is expected to
further boost market trends. The market is projected to continue
its upward trajectory in the coming years.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global AI robots market is experiencing significant growth
as companies in various sectors, including healthcare, automotive,
industrial, and transportation, invest in automation using advanced
technologies like AI, ML, and robotics. Robots, consisting of
hardware such as sensors, actuators, power sources, controllers,
and software, are being adopted for functions like security,
painting, material transfer, machine tending, and quality
inspection. Vendors integrate multiple sensors and control systems
to enhance robot capabilities, but the high cost of these
components remains a challenge, potentially hindering market
expansion during the forecast period.
- The Artificial Intelligence (AI) robots market is experiencing
significant growth, with companies producing advanced robots for
various industries. However, challenges persist in this sector. One
major challenge is ensuring the compatibility of these robots with
existing technology and infrastructure. Another issue is the high
cost of implementing and maintaining AI robots, which can be a
barrier for smaller businesses. Additionally, ethical concerns
regarding the use of AI robots in the workforce continue to
surface. Despite these challenges, the potential benefits of AI
robots, such as increased efficiency and productivity, make them an
attractive investment for many businesses. The future of this
market depends on how these challenges are addressed.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This artificial intelligence robots market report extensively
covers market segmentation by
- Technology
- 1.1 Software
- 1.2 Hardware
- Type
- 2.1 Service
- 2.2 Industrial
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Software- Artificial Intelligence (AI) robots
rely on software to operate advanced technologies such as AI, ML,
facial recognition, and gesture recognition. Major vendors like
KUKA, FANUC, and Miso Robotics offer specialized software for AI
robots, including application software, system software, and cloud
software. Vendors are investing heavily in software development to
support advanced AI robot features. NVIDIA's GR00T model is an
example, understanding natural language and emulating human
movements. Open-source robot software frameworks like ROS, Gazebo,
and Robot Framework are used for AI robot software development,
offering features like sensor data generation and access to
multiple physics engines. The focus on enhancing AI robot
capabilities is expected to accelerate software platform
advancements.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Artificial Intelligence (AI) Robots Market is experiencing
significant growth due to the integration of advanced technologies
such as machine learning, adaptive computing, and computer vision
systems. Latest-generation smart robots are being employed in
various industries, including warehouses, to execute complex tasks
with precision and efficiency. These robots are designed to learn
naturally through connected sensors and AI solutions, enabling them
to adapt to changing climate conditions, temperature, air pressure,
wind, and other environmental factors. The technological load of
these robots includes powerful processors, large memory capacity,
and advanced networking capabilities. AI platforms are being
utilized to enhance the logic and decision-making abilities of
these robots, making them more autonomous and efficient. Batteries,
actuators, and sensors are essential components of these robots,
ensuring their smooth operation. Overall, the AI Robots Market is
poised for continued growth as the demand for advanced automation
solutions increases.
Market Research Overview
The Artificial Intelligence (AI) Robots Market is experiencing
significant growth due to the increasing demand for automation and
digital transformation across various industries. These robots,
powered by advanced technologies such as machine learning, natural
language processing, and computer vision, are designed to perform
complex tasks with high precision and efficiency. The market is
segmented based on types of robots, applications, and end-users.
The types of robots include industrial robots, service robots, and
collaborative robots. The applications include manufacturing,
healthcare, education, and logistics, among others. The end-users
include small and medium enterprises (SMEs) and large enterprises.
The market is driven by factors such as the need for labor savings,
productivity enhancement, and improved accuracy. The adoption of AI
robots is expected to continue to grow as more industries embrace
digitalization and automation.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Technology
-
- Type
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-robots-market-size-is-set-to-grow-by-usd-31-53-billion-from-2024-2028--high-adoption-of-private-use-robots-to-boost-the-market-growth-technavio-302178875.html
SOURCE Technavio