AI Robots Market Size

AI Robots Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

Artificial intelligence robots are a relatively new development, and the market is expected to grow from $8.77 billion in 2023 to $89,473,597,000 by 2032. This impressive growth will be achieved at a compound annual growth rate of 29.4 percent between 2024 and 2032, indicating that the demand for artificial intelligence robots in various industries will be strong. Especially in the manufacturing, medical and logistics industries, the increasing automation of these industries will be the main driving force for this market, as companies in these industries seek to enhance efficiency, reduce costs and improve service through advanced robot technology. The rapid development of artificial intelligence, machine learning and robot technology will also accelerate this market. Various new products, such as co-bots, AMRs, and RPAs, are reshaping existing work processes and creating new applications. ABB, DENSO and Fanuc are among the major players in this market, and they are actively investing in research and development, establishing strategic alliances and launching new products to take advantage of this market. These efforts not only help them to be more competitive, but also help the growth of the artificial intelligence robot market.

Regional Market Size

Regional Deep Dive

The AI robots market is expected to grow at a significant rate across the globe, owing to the technological advancements in the field of artificial intelligence and robotics, and the increasing automation across industries. In North America, the market is characterized by the presence of leading technology companies and a favorable regulatory environment, which encourages innovation. In Europe, the adoption of AI robots is growing, especially in the manufacturing and health care industries. In the Asia-Pacific region, the market is characterized by a high level of government support and investments. The Middle East and Africa are adopting the technology gradually, especially in the logistics and security industries. The Latin American region is adopting the technology at a lower rate, especially in the agriculture and service industries.

North America

• The United States government has launched initiatives such as the National AI Initiative, which aims to promote artificial intelligence, and which will have a great influence on the artificial intelligence robot market by encouraging innovation and collaboration between the public and private sectors.
• Artificial intelligence (AI) robots, developed by Boston Dynamics and Nvidia, have applications in logistics and health care.
• In industries such as manufacturing and logistics, the increasing demand for automation is boosting investment in AI-based robots. These investments are being driven by the desire to increase efficiency and reduce costs.

Europe

• The European Union has introduced a regulatory framework promoting the ethical development of AI. The regulations are influencing the market, encouraging responsible innovation and responding to public concerns about the risks of the use of such technology.
• Germany and France are investing heavily in artificial intelligence. The German government's "Germany AI strategy" is a national plan to integrate artificial intelligence into the production process, which is expected to increase productivity.
• In Europe, the use of collaborative robots (cobots) is changing the way we work. Companies are looking for better and safer working conditions for people and robots.

Asia-Pacific

• The Chinese government has set out ambitious plans for the development of artificial intelligence, including the “New Generation of Artificial Intelligence Development Plan”—which is expected to boost the market for artificial intelligence robots through increased government funding and support for research.
• Softbank has been developing human-like robots that are used in customer service and medical care.
• The rising trend of smart manufacturing in South Korea and Singapore is driving the use of artificial intelligence robots, and the competition for efficiency and competition is accelerating.

MEA

• In addition, the country has launched the National Artificial Intelligence Strategy 2031, which aims to make the UAE a world leader in this field.
• In South Africa, the use of robots in the mining and agricultural industries is gaining ground, a result of the region’s focus on deploying technology to solve local problems.
• Increasingly, security and surveillance solutions are leading to the development of robots in the MEA region. There are many companies in the region which are working on the development of robots in public safety.

Latin America

• Brazil is now a major player in the field of intelligent robots, with government programs that encourage innovation and help start-ups in the field.
• In Argentina, farmers are beginning to adopt artificial intelligence robots to help them in precision farming, which is an indication of the region’s potential for agricultural automation.
• Latin America is a country where the economic situation is more unstable, and there is a lack of access to technology. However, the use of artificial intelligence is becoming more popular in this region.

Did You Know?

“By 2023, it is estimated that over 50% of manufacturing companies will have AI robots in their factories within five years. This is a clear indication of the rapid shift towards automation.” — McKinsey & Company

Segmental Market Size

The market for AI robots is growing significantly, especially in the industrial automation sector. This sector is playing a crucial role in enhancing the efficiency and productivity of various industries. The growing demand for automation in various industries is primarily a result of the need to reduce labor costs and improve precision. The increasing capabilities of robots, especially in the area of artificial intelligence and machine learning, have made it possible for robots to perform complex tasks. In addition, the government’s regulatory initiatives to improve workplace safety and efficiency have also made the industrial automation sector attractive.

Today, the use of artificial intelligence robots in industry has reached the stage of mass deployment. Companies such as Siemens and ABB are leading the way, integrating AI-driven robots into their production lines. Especially in the automobile and the electrical industries, where automation of the assembly line, quality control, and logistics management are the main areas of application, the use of artificial intelligence robots has been steadily increasing. The drive for a sustainable society and the impact of the COVID pandemic have further increased this trend. The development of the field of artificial intelligence robots is largely influenced by the evolution of the field of artificial vision and natural language, which enables the robots to interact more effectively with their environment.

Future Outlook

The market for artificial intelligence robots is expected to grow rapidly from 2023 to 2032. From $8.77 billion to $ 89.47 billion, the market is expected to grow at a high annual growth rate of 29.4 percent. This is mainly due to the wide use of robots in various industries, such as manufacturing, health care, logistics, and service industries. It is becoming a strategic trend for enterprises to reduce labor costs and improve operational efficiency by integrating artificial intelligence robots. By 2032, the share of artificial intelligence robots in the global workforce in these industries will reach 30 percent, and the traditional job and production processes will be completely transformed.

Machine learning, the improvement of vision and natural language, and the automation of a host of other processes, are expected to make robots more intelligent and more efficient. And if this were not enough, government support for research and development, and investment in artificial intelligence, will drive the market further. Collaborative robots that work alongside people, and the growing interest in ethical AI, will also help to shape the future of the intelligent robots market. As businesses become more responsible and more focused on the environment, the demand for robots that can operate in an environmentally friendly way will increase, thus providing new opportunities for innovation and market growth.