Artificial Intelligence Robots Market Size to grow by USD 31539.7 million between 2024-2028
According to a research report “ Artificial Intelligence Robots Market” by Technology (Software, Hardware) Type (Service, Industrial) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 31539.7 million, at a CAGR of 37.2% during the forecast period. The global Artificial Intelligence (AI) robots market is experiencing significant growth, driven by the increasing acceptance of robots for private use. Technological innovation is a key catalyst for long-term economic growth and is fueling the adoption of cleaning robots and security robots, leading to an upward trend in home automation. A study conducted by the Massachusetts Institute of Technology (MIT) reveals that countries with aging populations are increasingly adopting companion robots, particularly in developing nations and those with a growing elderly demographic. This trend is propelling the use of private-use robots, thereby boosting the expansion of the global AI robots market during the forecast period..
Browse market data tables, figures, and in-depth TOC on “Artificial Intelligence Robots Market” by Technology (Software, Hardware) Type (Service, Industrial) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Technology, the Software segment is projected to dominate the market size in 2024
In the realm of Artificial Intelligence (AI) robots, software plays a pivotal role in enabling the integration and execution of advanced technologies such as AI, Machine Learning (ML), facial recognition, and gesture recognition. Leading vendors, including KUKA (MIDEA Group), FANUC, and Miso Robotics Inc., provide specialized software solutions for AI robots. KUKA offers application software like KUKA HRC App, KUKA.PerceptionTech, and KUKA.PickControl; system software such as KUKA SystemSoftware and KUKA Sunrise.OS; and cloud software including KUKA Xpert, KUKA Connect, and KUKA Compose. FANUC, on the other hand, offers simulation software called ROBOGUIDE. These software solutions enhance the capabilities of AI robots, enabling them to learn, adapt, and perform complex tasks efficiently.
By Type, Service segment is expected to hold the largest market size for the year 2024
Artificial Intelligence (AI) robots, also referred to as service robots, are advanced machines designed to operate semi- or fully autonomously in various industries and settings. These robots are distinct from manufacturing robots, as they do not produce goods, but rather provide services that enhance human well-being and equipment functionality. Service robots can be categorized into personal and professional use. Personal service robots, typically operated by non-experts, include vacuum cleaning and lawn-mowing robots, tele- and remote-presence robots, elder care and medical companions, and amusement and leisure robots. In contrast, professional service robots are employed in sectors such as retail, hospitality, healthcare, warehousing, and distribution collection, to interact with humans outside production facilities. By making decisions and acting autonomously in real and unpredictable environments, AI service robots significantly contribute to increased efficiency, productivity, and improved customer experiences.
APAC is forecasted to hold the largest market size by region in 2024
The Artificial Intelligence (AI) robots market is experiencing significant growth due to the increasing demand for automation and digital transformation in various industries. These advanced machines, equipped with AI capabilities, enhance productivity, improve efficiency, and reduce operational costs. Businesses are investing in AI robots to streamline operations, optimize workflows, and gain a competitive edge. The market is expected to continue its upward trajectory, driven by technological advancements and the growing adoption of AI solutions.
The Artificial Intelligence Robots Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Artificial Intelligence (AI) robots market is experiencing rapid growth, driven by advancements in computer vision, logic, and machine learning. These latest-generation smart robots are equipped with sensors, actuators, processors, and storage devices to enable complex tasks in various industries. Computer vision systems enable robots to interpret and learn from their environment, while adaptive computing and machine learning algorithms enable them to adapt to new situations. Sensors, such as those for temperature, air pressure, and climate, provide real-time data for decision-making. Logic and networking capabilities allow robots to communicate and coordinate with each other and with AI platforms and solutions. Batteries provide the power necessary for robotics execution in warehouses and other environments. The technological load of AI robots continues to increase, with the integration of AI platforms and solutions, connected sensors, and advanced processing capabilities. The future of robotics technology lies in the ability of robots to learn naturally and execute tasks in a human-like manner. In conclusion, the AI robots market is poised for significant growth, with advancements in computer vision, sensors, processors, storage, networking, and machine learning driving innovation in robotics technology. The integration of these technologies is enabling robots to adapt to various environments and perform complex tasks, making them essential in industries ranging from manufacturing to healthcare.
Market Research Overview
The Artificial Intelligence (AI) robots market is experiencing rapid growth as the robotics industry integrates advanced software and hardware technologies to create smart robots that can learn, adapt, and interact with their environment. These robots utilize recommendation engines, voice search, and voice recognition to enhance user experience and improve efficiency. Machine learning methods, such as MPU and GPU, are at the core of AI robots, enabling them to learn from data sets and exhibit intelligent behavior. Robotic structures are equipped with sensors, actuators, logic, storage, networking, memory, and processors, among other technological components. AI platforms and solutions are essential for enabling intelligent behavior in robots, including computer vision, natural language processing (NLP), and adaptive computing. Latest-generation smart robots are being used in various industries, such as automobile manufacturing, healthcare, and warehouse automation, to reduce human interference and increase proficiency. These robots are capable of learning naturally and executing complex tasks using connected sensors and the latest 5G set-up. The integration of AI technology in robotics is revolutionizing industries, from wind energy to climate control, by enabling robots to adapt to changing environmental conditions, such as air pressure, temperature, and wind. The future of robotics technology lies in the continued development of intelligent behavior, machine learning, and the integration of computer science and hardware innovations.
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