ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The Artificial Intelligence (AI) robots market is estimated to be valued at US$ 15.71 Bn in 2024 and is expected to reach US$ 111.65 Bn by 2031, growing at a compound annual growth rate (CAGR) of 32.3% from 2024 to 2031.
Artificial Intelligence (AI) refers to machines that can perform cognitive functions like human beings. These include learning, problem-solving, and decision making. AI is increasingly becoming prevalent across all domains of life as technology advances. One such application of AI is in robots. AI robots are machines that are installed with AI software to enable autonomous functions like moving, grasping, detecting objects/humans, and responding to commands. the artificial intelligence (AI) robots market has seen tremendous growth in recent years. With continued progress in machine learning and deep learning, AI robots are gaining capabilities that were not possible until recently. Robots powered by AI algorithms can now navigate unfamiliar environments, maintain situational awareness and make decisions without human intervention. They are finding applications across industries like healthcare, agriculture, security, and others. Advancements in hardware like computer vision systems, sensors, and actuators coupled with AI have made robots smart, safe, and more useful than ever before.
Market Dynamics:
The artificial intelligence (AI) robots market is driven by the growing demand for automating tasks across industries. AI algorithms allow robots to operate flexibly and complete tasks autonomously without extensive programming. This has increased their adoption in warehouses for logistics and supply chain management. The healthcare sector is also increasingly deploying AI robots for assisting patients, diagnostics, surgeries, and therapeutic applications. Meanwhile, ongoing R&D is focused on enhancing AI robot capabilities, reliability, and safety, which is creating lucrative growth opportunities. However, the high upfront investment costs pose a challenge, especially for SMEs. Data privacy and security issues regarding AI also raise concerns. Nevertheless, with more affordable hardware and multi-industry collaborations, the barriers to entry are reducing at a steady pace. If handled appropriately, AI has the potential to create new jobs while automating repetitive tasks performed by humans.
Key Features of the Study:
- This report provides an in-depth analysis of the artificial intelligence (AI) robots market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the artificial intelligence (AI) robots market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ABB , AIBrain, Inc., Alphabet , Argo AI, LLC, Blue Frog Robotics & Buddy - Emotional Robot, Brain Corporation, CloudMinds Technology Inc., DataRobot, Inc., Fanuc, Hanson Robotics Ltd., Harman International Industries, IBM Corporation, Intel Corporation, International Business Machines Corporation, Kawasaki, Microsoft Corporation, Mitsubishi, Neurala, Inc., NVIDIA Corporation, Omron, Promobot, SoftBank Corp., UB Tech Robotics, Inc., Veo Robotics, Inc., Vicarious, Xilinx, and
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The artificial intelligence (AI) robots market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global AI robot market
Market Segmentation
Table of Contents
*Browse 60 market data tables and 40 figures on "Global Artificial Intelligence (AI) Robots Market – Global forecast to 2031”.
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