Product Code: GVR-4-68040-277-9
Artificial Intelligence In Robotics Market Growth & Trends:
The global artificial intelligence in robotics market size is anticipated to reach USD 124.77 billion by 2030 and is anticipated to expand at a CAGR of 38.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of AI-powered robotics is driven by the need for enhanced safety and risk management in industries such as construction, mining, and oil and gas. These industries often involve hazardous working conditions and high-risk activities that pose safety challenges for human workers. AI-enabled robots can be deployed in these environments to perform dangerous tasks such as inspection, maintenance, and repair, reducing the risk of accidents and injuries. Similarly, in mining, autonomous vehicles and robots can operate in underground tunnels and hazardous environments, reducing the need for human workers to enter dangerous areas. By using AI-powered robotics for safety and risk management, companies can improve workplace safety, comply with regulatory requirements, and minimize the impact of accidents on their operations.
The increasing availability of AI technologies and the declining costs of robotics hardware are driving the adoption of AI-powered robotics across industries. As AI algorithms become more accessible and affordable, companies of all sizes and budgets can implement AI-powered robotics solutions to improve their operations. Advances in robotics hardware, such as sensors, actuators, and processors, have also made robots more capable, versatile, and cost-effective. These technological advancements are lowering barriers to entry and accelerating the adoption of AI in robotics across a wide range of industries and applications.
Artificial Intelligence In Robotics Market Report Highlights:
- In terms of offering, the hardware segment dominated the market with a share of 60.1% in 2023, owing to advancements in hardware technology, such as processors, sensors, and actuators, enabling the development of more powerful and capable AI-powered robots.
- Based on deployment, the cloud segment is projected to grow at the fastest CAGR over the forecast period. Integration of cloud computing with AI-powered robotics is accelerating innovation and driving growth in the robotics market.
- In terms of robots type, the service robots segment dominated the market in 2023, fueled by rising demand for automation in service industries such as hospitality, retail, and healthcare.
- Based on technology, the edge computing segment is projected to grow at the fastest CAGR over the forecast period owing to the growing adoption of artificial intelligence in the robotics market, enabling real-time data processing closer to the source.
- The automotive segment dominated the market in 2023. Integrating AI in robotics enhances predictive maintenance capabilities, reducing downtime and optimizing equipment utilization in automotive plants, further driving market growth.
- Asia Pacific dominated the market with a revenue share of 44.6% in 2023. Growing labor costs and workforce shortages are incentivizing companies to invest in AI-powered robots to automate tasks and reduce dependency on manual labor.
- In March 2024, Teradyne Robotics, which encompasses Universal Robots (UR), a collaborative robot (cobot) company, and MiR, an autonomous mobile robot (AMR) company, partnered with NVIDIA, aimed at enhancing automation applications with new AI capabilities. As part of this collaboration, UR has integrated NVIDIA accelerated computing technology into its cobots to significantly speed up path planning.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Offering
- 1.2.2. Deployment
- 1.2.3. Robots Type
- 1.2.4. Technology
- 1.2.5. End-use
- 1.2.6. Regional Scope
- 1.2.7. Estimates And Forecasts Timeline
- 1.3. Information Procurement
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of data sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Offering Outlook
- 2.2.2. Deployment Outlook
- 2.2.3. Robots Type Outlook
- 2.2.4. Technology Outlook
- 2.2.5. End-use Outlook
- 2.2.6. Regional Outlook
- 2.3. Competitive Insights
Chapter 3. Artificial Intelligence in Robotics Market Variables, Trends & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.1.1. Rising demand for industrial and smart robots across end-use industries
- 3.4.1.2. Increasing government investments and support to develop advanced robotic technologies
- 3.4.2. Market Restraint Analysis
- 3.4.2.1. Lack of standard regulations and rising concerns over data privacy
- 3.4.3. Industry Opportunities
- 3.4.3.1. Growing adoption of cognitive computing in robotic systems
- 3.4.4. Industry Challenges
- 3.5. Artificial Intelligence in Robotics Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic landscape
- 3.5.2.3. Social landscape
- 3.5.2.4. Technological landscape
- 3.5.2.5. Environmental landscape
- 3.5.2.6. Legal landscape
Chapter 4. Artificial Intelligence in Robotics Market: Offering Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Artificial Intelligence in Robotics Market: Offering Movement Analysis, 2023 & 2030 (USD Million)
- 4.2.1. Hardware
- 4.2.1.1. Hardware market estimates and forecasts 2018 To 2030 (USD Million)
- 4.2.2. Software
- 4.2.2.1. Software market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Artificial Intelligence in Robotics Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Artificial Intelligence in Robotics Market: Deployment Movement Analysis, 2023 & 2030 (USD Million)
- 5.2.1. On-Premise
- 5.2.1.1. On-premise market estimates and forecasts 2018 to 2030 (USD Million)
- 5.2.2. Cloud
- 5.2.2.1. Cloud market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Artificial Intelligence in Robotics Market: Robots Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Artificial Intelligence in Robotics Market: Robots Type Movement Analysis, 2023 & 2030 (USD Million)
- 6.2.1. Industrial Robots
- 6.2.1.1. Industrial robots market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.2. Service Robots
- 6.2.2.1. Service robots market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Artificial Intelligence in Robotics Market: Technology Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Artificial Intelligence in Robotics Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 7.2.1. Machine Learning
- 7.2.1.1. Machine learning market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.2. Computer Vision
- 7.2.2.1. Computer vision market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.3. Natural Language Processing
- 7.2.3.1. Natural language processing market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.4. Context Aware Computing
- 7.2.4.1. Context aware computing market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.5. Edge Computing
- 7.2.5.1. Edge computing market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.6. Others
- 7.2.6.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Artificial Intelligence in Robotics Market: End-use Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Artificial Intelligence in Robotics Market: End-use Movement Analysis, 2023 & 2030 (USD Million)
- 8.2.1. Automotive
- 8.2.1.1. Automotive market estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.2. Manufacturing
- 8.2.2.1. Manufacturing estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.3. Transportation and Logistics
- 8.2.3.1. Transportation and logistics market estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.4. Healthcare
- 8.2.4.1. Healthcare market estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.5. Retail
- 8.2.5.1. Retail market estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.6. Aerospace
- 8.2.6.1. Aerospace market estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.7. Military and Defence
- 8.2.7.1. Military and defense market estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.8. Agriculture
- 8.2.8.1. Agriculture market estimates and forecasts 2018 To 2030 (USD Million)
- 8.2.9. Others
- 8.2.9.1. Others market estimates and forecasts 2018 To 2030 (USD Million)
Chapter 9. Artificial Intelligence in Robotics Market: Regional Estimates & Trend Analysis
- 9.1. Artificial Intelligence in Robotics Market Share, By Region, 2023 & 2030 (USD Million)
- 9.2. North America
- 9.2.1. North America Artificial Intelligence in Robotics Market Estimates and Forecasts, 2018 to 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe artificial intelligence in robotics market estimates and forecasts, 2018 to 2030 (USD Million)
- 9.3.2. Germany
- 9.3.2.1. Germany artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.3.3. UK
- 9.3.3.1. UK artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.3.5. Italy
- 9.3.5.1. Italy artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.3.6. Spain
- 9.3.6.1. Spain artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.3.7. Netherlands
- 9.3.7.1. Netherlands artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific artificial intelligence in robotics market estimates and forecasts, 2018 to 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.3. India
- 9.4.3.1. India artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.4. Japan
- 9.4.4.1. Japan artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Artificial Intelligence in Robotics Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America artificial intelligence in robotics market estimates and forecasts, 2018 to 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.3. Mexico
- 9.5.3.1. Mexico artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.4. Argentina
- 9.5.4.1. Argentina artificial Intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa artificial intelligence in robotics market estimates and forecasts, 2018 to 2030 (USD Million)
- 9.6.2. South Africa
- 9.6.2.1. South Africa artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.3. UAE
- 9.6.3.1. UAE artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.4. Saudi Arabia
- 9.6.4.1. Saudi Arabia artificial intelligence in robotics market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Positioning
- 10.4. Company Heat Map Analysis
- 10.5. Strategy Mapping
- 10.5.1. Expansion
- 10.5.2. Mergers & acquisition
- 10.5.3. Partnerships & collaborations
- 10.5.4. New product launches
- 10.5.5. Research and development
- 10.6. Company Profiles
- 10.6.1. NVIDIA Corporation
- 10.6.1.1. Company overview
- 10.6.1.2. Financial performance
- 10.6.1.3. Product benchmarking
- 10.6.1.4. Strategic initiatives
- 10.6.2. SoftBank Robotics Group
- 10.6.2.1. Company overview
- 10.6.2.2. Financial performance
- 10.6.2.3. Product benchmarking
- 10.6.2.4. Strategic initiatives
- 10.6.3. Intel Corporation
- 10.6.3.1. Company overview
- 10.6.3.2. Financial performance
- 10.6.3.3. Product benchmarking
- 10.6.3.4. Strategic initiatives
- 10.6.4. Boston Dynamics
- 10.6.4.1. Company overview
- 10.6.4.2. Financial performance
- 10.6.4.3. Product benchmarking
- 10.6.4.4. Strategic initiatives
- 10.6.5. Advanced Micro Devices, Inc.
- 10.6.5.1. Company overview
- 10.6.5.2. Financial performance
- 10.6.5.3. Product benchmarking
- 10.6.5.4. Strategic initiatives
- 10.6.6. HANSON ROBOTICS LTD.
- 10.6.6.1. Company overview
- 10.6.6.2. Financial performance
- 10.6.6.3. Product benchmarking
- 10.6.6.4. Strategic initiatives
- 10.6.7. Starship Technologies
- 10.6.7.1. Company overview
- 10.6.7.2. Financial performance
- 10.6.7.3. Product benchmarking
- 10.6.7.4. Strategic initiatives
- 10.6.8. Keenon Robotics Co., Ltd
- 10.6.8.1. Company overview
- 10.6.8.2. Financial performance
- 10.6.8.3. Product benchmarking
- 10.6.8.4. Strategic initiatives
- 10.6.9. Diligent Robotics Inc.
- 10.6.9.1. Company overview
- 10.6.9.2. Financial performance
- 10.6.9.3. Product benchmarking
- 10.6.9.4. Strategic initiatives
- 10.6.10. Brain Corporation
- 10.6.10.1. Company overview
- 10.6.10.2. Financial performance
- 10.6.10.3. Product benchmarking
- 10.6.10.4. Strategic initiatives
- 10.6.11. YASKAWA ELECTRIC CORPORATION
- 10.6.11.1. Company overview
- 10.6.11.2. Financial performance
- 10.6.11.3. Product benchmarking
- 10.6.11.4. Strategic initiatives
- 10.6.12. Universal Robots A/S
- 10.6.12.1. Company overview
- 10.6.12.2. Financial performance
- 10.6.12.3. Product benchmarking
- 10.6.12.4. Strategic initiatives
- 10.6.13. Hanwha Robotics CO.LTD
- 10.6.13.1. Company overview
- 10.6.13.2. Financial performance
- 10.6.13.3. Product benchmarking
- 10.6.13.4. Strategic initiatives
- 10.6.14. Franka Robotics GmbH
- 10.6.14.1. Company overview
- 10.6.14.2. Financial performance
- 10.6.14.3. Product benchmarking
- 10.6.14.4. Strategic initiatives