Artificial Intelligence Robots Market
PUBLISHED: 2024 ID: SMRC27823
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Artificial Intelligence Robots Market

Artificial Intelligence Robots Market Forecasts to 2030 - Global Analysis By Product Type (Industrial Robots and Service Robots), Offering (Hardware and Software), Deployment Mode (Cloud and On-Premises), Technology, End User and By Geography

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4.4 (99 reviews)
Published: 2024 ID: SMRC27823

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Artificial Intelligence Robots Market is accounted for $18.2 billion in 2024 and is expected to reach $126.9 billion by 2030, growing at a CAGR of 38.2% during the forecast period. Robots with artificial intelligence (AI) capabilities are devices that can carry out tasks either fully or partially on their own. To interact with their surroundings, make decisions, and adjust to different circumstances, these robots use artificial intelligence (AI) techniques such as machine learning, computer vision, and natural language processing. AI robots improve automation, efficiency, and accuracy while lowering the need for human intervention in a variety of industries.  

According to the research titled ""Robots and Jobs: Evidence from U.S. Labor Markets"" by MIT professor Daron Acemoglu and Boston University professor Pascual Restrepo, for every robot added per 1,000 workers in the U.S., wages decline by 0.42% and the employment-to-population ratio decreases by 0.2 percentage points.

Market Dynamics:

Driver:  

Increased demand for automation

The growing demand for automation across industries is a key driver for the AI robots market. As businesses seek to improve efficiency, reduce costs, and enhance productivity, they are increasingly turning to AI-powered robots. These robots can perform repetitive tasks with high precision, work 24/7 without fatigue, and adapt to changing conditions. The automotive, electronics, and logistics sectors are particularly driving this trend as they look to streamline operations and remain competitive in a global market.

Restraint:

Lack of skilled workforce

The shortage of skilled professionals capable of developing, implementing, and maintaining AI robots poses a significant challenge to market growth. As AI and robotics technologies rapidly evolve, there is a widening gap between the demand for expertise and the available talent pool. This skills shortage can lead to delays in adoption, increased costs, and potential implementation failures. Additionally, the complexity of AI systems requires ongoing training and upskilling of the existing workforce, further straining resources and potentially slowing market expansion.

Opportunity:

Increased government support and funding

Many countries are recognizing the strategic importance of AI and robotics in driving economic growth and maintaining technological leadership. As a result, they are implementing policies and allocating substantial funds to support R&D, foster innovation, and encourage adoption across various sectors. This support can accelerate technological advancements, reduce barriers to entry, and create a more favorable environment for AI robot development and deployment.

Threat:

Intense competition

The AI robots market faces the threat of intense competition, both from established players and new entrants. As the market grows and technologies advance, companies are racing to develop more sophisticated and cost-effective solutions. This competition can lead to price pressures, reduced profit margins, and the need for continuous innovation to maintain market share. Additionally, the rapid pace of technological change means that companies must constantly invest in R&D to avoid obsolescence, further intensifying the competitive landscape.

Covid-19 Impact: 

The COVID-19 pandemic has had a mixed impact on the AI robots market. On one hand, it accelerated the adoption of automation and AI-powered solutions in sectors like healthcare, logistics, and manufacturing, as businesses sought to maintain operations while minimizing human contact. On the other hand, supply chain disruptions and economic uncertainties initially slowed down investments in some areas. However, the pandemic has ultimately highlighted the importance of AI robots in ensuring business continuity and resilience, potentially driving long-term growth in the market.

The industrial robots segment is expected to be the largest during the forecast period

The industrial robots segment is predicted to secure the largest market share throughout the forecast period. This dominance can be attributed to the widespread adoption of robotics in manufacturing sectors, particularly in automotive, electronics, and heavy industries. Industrial robots offer significant advantages in terms of precision, speed, and consistency, leading to improved productivity and reduced operational costs. The integration of AI technologies further enhances their capabilities, allowing for more flexible and adaptive operations. As industries continue to prioritize automation and smart manufacturing, the demand for AI-powered industrial robots is expected to remain strong.

The healthcare segment is expected to have the highest CAGR during the forecast period

The healthcare segment is projected to witness substantial growth during the projection period, driven by increasing demand for AI-powered robots in medical applications. These robots are being deployed for various purposes, including surgical assistance, patient care, medication management, and sanitation. The COVID-19 pandemic has further accelerated adoption, highlighting the potential of robots in reducing infection risks and supporting healthcare workers. Moreover, advancements in AI technologies are enabling more sophisticated and versatile healthcare robots capable of performing complex tasks and interacting effectively with patients and staff.

Region with largest share:

The North America region is projected to account for the largest market share during the forecast period. This dominance can be attributed to several factors, including the presence of major technology companies and robotics manufacturers, substantial investments in R&D, and early adoption of AI technologies across various industries. The United States, in particular, leads in AI robot development and deployment, driven by a strong innovation ecosystem and supportive regulatory environment. Additionally, the region's focus on automation in manufacturing, healthcare, and defense sectors further contributes to its market leadership.

Region with highest CAGR:

The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is fueled by robust industrial automation initiatives, government support for AI and robotics development, and the presence of major manufacturing hubs. Countries like China, Japan, and South Korea are at the forefront of AI robot adoption and innovation. The regions large and growing consumer market, coupled with rising labor costs, is driving increased demand for service and industrial robots.

Key players in the market

Some of the key players in Artificial Intelligence Robots Market include ABB Ltd., NVIDIA Corporation, IBM Corporation, Microsoft Corporation, Intel Corporation, Hanson Robotics Ltd., Alphabet Inc. (Google), SoftBank Robotics, Fanuc Corporation, Brain Corporation, Blue Frog Robotics, CloudMinds Technology, Vicarious AI, Neurala, Inc., Veo Robotics, Inc., UBTech Robotics Limited, Boston Dynamics, and Promobot LLC.

Key Developments:

In October 2024, Intel has partnered with IBM to deploy Intel Gaudi 3 AI accelerators on IBM Cloud, which will support AI innovation in robotics applications. These accelerators are designed to enhance the performance of AI models used in autonomous systems and smart robots.

In March 2024, NVIDIA has announced Project GR00T, a general-purpose foundation model for humanoid robots. The project aims to enable robots to understand natural language and learn human-like movements through observation. NVIDIA also introduced Jetson Thor, a new SoC designed for humanoid robots, offering high-performance AI capabilities.

Product Types Covered:
• Industrial Robots
• Service Robots

Offerings Covered:
• Hardware
• Software

Deployment Modes Covered:
• Cloud
• On-Premises

Technologies Covered:
• Machine Learning
• Computer Vision
• Edge AI
• Natural Language Processing
• Other Technologies

End Users Covered:
• Military and Defense
• Manufacturing
• Healthcare
• Retail and E-commerce
• Food and Beverage
• Logistics and Supply Chain
• Agriculture
• Education and Entertainment
• Personal Assistance and Care
• Research and Space Exploration
• Public Relations and Customer Service
• Security and Surveillance
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
         
2 Preface  
     
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Product Analysis       
 3.7 Technology Analysis       
 3.8 End User Analysis       
 3.9 Emerging Markets       
 3.10 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Artificial Intelligence Robots Market, By Product Type        
 5.1 Introduction       
 5.2 Industrial Robots       
  5.2.1 Articulated Robots      
  5.2.2 SCARA Robots      
  5.2.3 Cartesian Robots      
  5.2.4 Collaborative Robots      
  5.2.5 Other Industrial Robots      
 5.3 Service Robots       
  5.3.1 Professional Service Robots      
   5.3.1.1 Logistics Robots     
   5.3.1.2 Medical Robots     
   5.3.1.3 Inspection and Maintenance Robots     
   5.3.1.4 Other Professional Service Robots     
  5.3.2 Personal Service Robots      
   5.3.2.1 Domestic Robots     
   5.3.2.2 Entertainment Robots     
   5.3.2.3 Other Personal Service Robots     
         
6 Global Artificial Intelligence Robots Market, By Offering        
 6.1 Introduction       
 6.2 Hardware       
  6.2.1 Actuators      
  6.2.2 Sensors      
  6.2.3 Control Systems      
  6.2.4 Power Supply      
  6.2.5 Other Hardware      
 6.3 Software       
  6.3.1 AI Platforms      
  6.3.2 AI Solutions      
         
7 Global Artificial Intelligence Robots Market, By Deployment Mode        
 7.1 Introduction       
 7.2 Cloud       
 7.3 On-Premises       
         
8 Global Artificial Intelligence Robots Market, By Technology        
 8.1 Introduction       
 8.2 Machine Learning       
 8.3 Computer Vision       
 8.4 Edge AI       
 8.5 Natural Language Processing       
 8.6 Other Technologies       
         
9 Global Artificial Intelligence Robots Market, By End User        
 9.1 Introduction       
 9.2 Military and Defense       
 9.3 Manufacturing       
 9.4 Healthcare       
 9.5 Retail and E-commerce       
 9.6 Food and Beverage       
 9.7 Logistics and Supply Chain       
 9.8 Agriculture       
 9.9 Education and Entertainment       
 9.10 Personal Assistance and Care       
 9.11 Research and Space Exploration       
 9.12 Public Relations and Customer Service       
 9.13 Security and Surveillance       
 9.14 Other End Users       
         
10 Global Artificial Intelligence Robots Market, By Geography        
 10.1 Introduction       
 10.2 North America       
  10.2.1 US      
  10.2.2 Canada      
  10.2.3 Mexico      
 10.3 Europe       
  10.3.1 Germany      
  10.3.2 UK      
  10.3.3 Italy      
  10.3.4 France      
  10.3.5 Spain      
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan      
  10.4.2 China      
  10.4.3 India      
  10.4.4 Australia      
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil      
  10.5.3 Chile      
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia      
  10.6.2 UAE      
  10.6.3 Qatar      
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa      
         
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions       
 11.5 Other Key Strategies       
         
12 Company Profiling        
 12.1 ABB Ltd.       
 12.2 NVIDIA Corporation       
 12.3 IBM Corporation       
 12.4 Microsoft Corporation       
 12.5 Intel Corporation       
 12.6 Hanson Robotics Ltd.       
 12.7 Alphabet Inc. (Google)       
 12.8 SoftBank Robotics       
 12.9 Fanuc Corporation       
 12.10 Brain Corporation       
 12.11 Blue Frog Robotics       
 12.12 CloudMinds Technology       
 12.13 Vicarious AI       
 12.14 Neurala, Inc.       
 12.15 Veo Robotics, Inc.       
 12.16 UBTech Robotics Limited       
 12.17 Boston Dynamics       
 12.18 Promobot LLC       
         
List of Tables         
1 Global Artificial Intelligence Robots Market Outlook, By Region (2022-2030) ($MN)        
2 Global Artificial Intelligence Robots Market Outlook, By Product Type (2022-2030) ($MN)        
3 Global Artificial Intelligence Robots Market Outlook, By Industrial Robots (2022-2030) ($MN)        
4 Global Artificial Intelligence Robots Market Outlook, By Articulated Robots (2022-2030) ($MN)        
5 Global Artificial Intelligence Robots Market Outlook, By SCARA Robots (2022-2030) ($MN)        
6 Global Artificial Intelligence Robots Market Outlook, By Cartesian Robots (2022-2030) ($MN)        
7 Global Artificial Intelligence Robots Market Outlook, By Collaborative Robots (2022-2030) ($MN)        
8 Global Artificial Intelligence Robots Market Outlook, By Other Industrial Robots (2022-2030) ($MN)        
9 Global Artificial Intelligence Robots Market Outlook, By Service Robots (2022-2030) ($MN)        
10 Global Artificial Intelligence Robots Market Outlook, By Professional Service Robots (2022-2030) ($MN)        
11 Global Artificial Intelligence Robots Market Outlook, By Personal Service Robots (2022-2030) ($MN)        
12 Global Artificial Intelligence Robots Market Outlook, By Offering (2022-2030) ($MN)        
13 Global Artificial Intelligence Robots Market Outlook, By Hardware (2022-2030) ($MN)        
14 Global Artificial Intelligence Robots Market Outlook, By Actuators (2022-2030) ($MN)        
15 Global Artificial Intelligence Robots Market Outlook, By Sensors (2022-2030) ($MN)        
16 Global Artificial Intelligence Robots Market Outlook, By Control Systems (2022-2030) ($MN)        
17 Global Artificial Intelligence Robots Market Outlook, By Power Supply (2022-2030) ($MN)        
18 Global Artificial Intelligence Robots Market Outlook, By Other Hardware (2022-2030) ($MN)        
19 Global Artificial Intelligence Robots Market Outlook, By Software (2022-2030) ($MN)        
20 Global Artificial Intelligence Robots Market Outlook, By AI Platforms (2022-2030) ($MN)        
21 Global Artificial Intelligence Robots Market Outlook, By AI Solutions (2022-2030) ($MN)        
22 Global Artificial Intelligence Robots Market Outlook, By Deployment Mode (2022-2030) ($MN)        
23 Global Artificial Intelligence Robots Market Outlook, By Cloud (2022-2030) ($MN)        
24 Global Artificial Intelligence Robots Market Outlook, By On-Premises (2022-2030) ($MN)        
25 Global Artificial Intelligence Robots Market Outlook, By Technology (2022-2030) ($MN)        
26 Global Artificial Intelligence Robots Market Outlook, By Machine Learning (2022-2030) ($MN)        
27 Global Artificial Intelligence Robots Market Outlook, By Computer Vision (2022-2030) ($MN)        
28 Global Artificial Intelligence Robots Market Outlook, By Edge AI (2022-2030) ($MN)        
29 Global Artificial Intelligence Robots Market Outlook, By Natural Language Processing (2022-2030) ($MN)        
30 Global Artificial Intelligence Robots Market Outlook, By Other Technologies (2022-2030) ($MN)        
31 Global Artificial Intelligence Robots Market Outlook, By End User (2022-2030) ($MN)        
32 Global Artificial Intelligence Robots Market Outlook, By Military and Defense (2022-2030) ($MN)        
33 Global Artificial Intelligence Robots Market Outlook, By Manufacturing (2022-2030) ($MN)        
34 Global Artificial Intelligence Robots Market Outlook, By Healthcare (2022-2030) ($MN)        
35 Global Artificial Intelligence Robots Market Outlook, By Retail and E-commerce (2022-2030) ($MN)        
36 Global Artificial Intelligence Robots Market Outlook, By Food and Beverage (2022-2030) ($MN)        
37 Global Artificial Intelligence Robots Market Outlook, By Logistics and Supply Chain (2022-2030) ($MN)        
38 Global Artificial Intelligence Robots Market Outlook, By Agriculture (2022-2030) ($MN)        
39 Global Artificial Intelligence Robots Market Outlook, By Education and Entertainment (2022-2030) ($MN)        
40 Global Artificial Intelligence Robots Market Outlook, By Personal Assistance and Care (2022-2030) ($MN)        
41 Global Artificial Intelligence Robots Market Outlook, By Research and Space Exploration (2022-2030) ($MN)        
42 Global Artificial Intelligence Robots Market Outlook, By Public Relations and Customer Service (2022-2030) ($MN)           
43 Global Artificial Intelligence Robots Market Outlook, By Security and Surveillance (2022-2030) ($MN)        
44 Global Artificial Intelligence Robots Market Outlook, By Other End Users (2022-2030) ($MN)        
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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