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What Is the Expected CAGR for the Artificial Intelligence (AI) Robots Market Through 2025?
The scale of the Artificial Intelligence (AI) robots market has seen an exceptional increase recently. The forecast suggests it will escalate from $14.45 billion in 2024 to a sizeable $17.39 billion in 2025, with a compound annual growth rate (CAGR) standing at 20.3%. The significant growth during the historic period is spurred by enhancements in machine learning, the surge in industrial automation, the advent of collaborative robots (cobots), initiatives and backing by the government, and the increase in computing power.
What’s the Projected Size of the Global Artificial Intelligence (AI) Robots Market by 2029?
Rapid expansion is projected for the artificial intelligence (AI) robots market over the upcoming years. By 2029, the market size is anticipated to reach $33.6 billion, with a compound annual growth rate (CAGR) of 17.9%. Factors contributing to this growth during the predicted period include enhanced AI algorithms, incorporation of AI into healthcare, wider application in the service sector, emphasis on human-robot interaction (HRI), environmental surveillance, and disaster management. The forecast period will also see major trends such as cooperation between humans and robots, edge AI and processing, integration of emotional intelligence, customization and modularity, and the application of AI in healthcare robotics.
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Top Growth Drivers in the Artificial Intelligence (AI) Robots Industry: What’s Accelerating the Market?
The growth of the artificial intelligence (AI) robot market is anticipated to be fuelled by an increasing demand for industrial robots. Industrial robots, which are programmable, controllable devices utilized in industrial and manufacturing processes to augment or substitute human labor, can, when powered by AI, conduct intricate tasks like visual inspection, quality control, and adaptive manufacturing procedures with improved autonomy and versatility. As reported by the International Federation of Robotics, a robotics industry association based in Germany, in April 2024, there was a 12% rise in the total number of industrial robot installations, totalling 44,303 units in 2023. Consequently, the burgeoning demand for industrial robots is bolstering the expansion of the artificial intelligence (AI) robot market.
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What Trends Will Shape the Artificial Intelligence (AI) Robots Market Through 2029 and Beyond?
Prominent businesses in the artificial intelligence robot sector are concentrating on cutting-edge technologies, such as the third-generation AI autonomy platform, to maintain their market standing. This AI autonomy platform is a system designed to allow machines to function independently, without direct human input, while still operating within defined parameters to attain a target. For example, Brain Corp., an autonomous technology firm based in the United States, unveiled BrainOS in November 2022. This third-generation autonomy platform is aimed at fuelling the upcoming cohort of autonomous commercial robots. BrainOS brings to table superior localization and navigation performance, heightened safety and dependability, as well as enhanced interaction between humans and robots. It empowers robots with sophisticated autonomous navigation capabilities, meaning they can safely and efficiently navigate public and commercial spaces and manage warehouse environments.
What Are the Main Segments in the Artificial Intelligence (AI) Robots Market?
The artificial intelligence (AI) robots market covered in this report is segmented –
1) By Robot Type: Service Robots, Industrial Robots, Other Robot Types
2) By Component: Software, Hardware, Services
3) By Deployment Mode: Cloud, On-premise
4) By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
5) By End-User Industry: Military And Defense, Retail And E-commerce, Healthcare, Food And Beverage, Other End-User Industries
Subsegments:
1) By Service Robots: Personal Assistance Robots, Healthcare Robots, Cleaning And Maintenance Robots
2) By Industrial Robots: Robotic Arms, Autonomous Mobile Robots (AMRs), Collaborative Robots (Cobots)
3) By Other Robot Types: Agricultural Robots, Educational Robots, Security And Surveillance Robots
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Which Top Companies are Driving Growth in the Artificial Intelligence (AI) Robots Market?
Major companies operating in the artificial intelligence (AI) robots market report are Microsoft Corporation, Mitsubishi Motors Corporation, Intel Corporation, The International Business Machines Corporation, SoftBank Group Corp., Nvidia Corporation, Omron Corporation, FANUC CORPORATION, The Yaskawa Electric Corporation, iRobot, Xilinx, Inc., Geek+, Universal Robots, Ubtech Robotics, Brain Corp., Boston Dynamics, Starship Technologies, Vicarious FPC Inc., Diligent Robotics, Cobalt Robotics, Inc., Hanson Robotics Ltd., Blue Frog Robotics, Neurala Inc., Promobot, Miso Robotics
Which Regions Will Dominate the Artificial Intelligence (AI) Robots Market Through 2029?
North America was the largest region in the artificial intelligence (AI) robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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