Press release
Strong Growth Ahead: Generative Artificial Intelligence (AI) In Robotics Market Size To Grow At Arecord 39% Cagr By 2029
Generative Artificial Intelligence (AI) In Robotics
How Big Is the Generative Artificial Intelligence (AI) In Robotics Market Size Expected to Be by 2034?
The generative AI in robotics market size will grow from $1.65 billion in 2024 to $2.3 billion in 2025, with a CAGR of 39.3%. The historic growth is driven by the rise in robotics startups using generative AI, higher demand for advanced automation, the need for personalized robotic solutions, increased AI R&D investments, and growth in consumer robotics and smart home devices.
The generative AI in robotics market size is expected to reach $8.57 billion in 2029 at a CAGR of 39.0%. This growth is driven by AI-driven robotics adoption in services, flexible manufacturing systems, generative AI tools for robotics, precision agriculture, and disaster response. Key trends include technological advancements, robotic process automation, ethical AI, AR integration, and IoT.
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What Are the Emerging Segments Within the Generative Artificial Intelligence (AI) In Robotics Market?
The generative artificial intelligence (AI) in robotics market covered in this report is segmented -
1) By Component: Software, Hardware
2) By Technology: Machine Learning, Context Awareness, Computer Vision, Natural Language Processing
3) By Industry Vertical: Manufacturing, Pharmaceutical, Logistics And Warehousing, Retail, Other Industry Verticals
Subsegment:
1) By Software: AI Algorithms for Robotics, Simulation and Modeling Software, Machine Learning Frameworks, Natural Language Processing (NLP) Software, Computer Vision Software, Robotics Operating Systems (ROS), Generative Design Software
2) By Hardware: Robotic Arms, Sensors, Processors, Actuators, Embedded Systems, Robotic Platforms, Connectivity Devices
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What Long-Term Drivers Are Shaping Generative Artificial Intelligence (AI) In Robotics Market Trends?
The growing demand for automation across industries is expected to drive the generative artificial intelligence (AI) in robotics market. Automation aims to boost efficiency, reduce labor reliance, and enhance safety and consistency. Generative AI enables robots to adapt across diverse tasks and environments. For instance, the International Federation of Robotics noted in June 2023 that Europe saw 72,000 industrial robot installations in 2022-a 6% increase from 2021. Thus, increasing industrial automation is driving generative AI in the robotics market.
Who Are the Top Competitors in Key Generative Artificial Intelligence (AI) In Robotics Market Segments?
Major companies operating in the generative AI In robotics market are Google LLC, Microsoft Corporation, Siemens AG, Intel Corporation, International Business Machines Corporation, ABB Ltd., NVIDIA Corporation, Intuitive Surgical Inc., KUKA AG, UiPath Inc., Zoox Inc., Nuro Inc., Boston Dynamics Inc., Locus Robotics Inc., UBTECH Robotics Corp., Velodyne Lidar Inc., Clearpath Robotics Inc., ANYbotics AG, Syntiant Corp., Misty Robotics Inc., Hanson Robotics Ltd., Thymio, PAL Robotics S.L
What Trends Are Expected to Dominate the Generative Artificial Intelligence (AI) In Robotics Market in the Next 5 Years?
Companies in the robotics market are developing AI technologies like vision-language-action models to enhance robots' ability to understand and interact with their surroundings. Google introduced Robotics Transformer 2 (RT-2) in July 2023, a model that improves robots' abilities to perform complex tasks using both visual data and textual commands, enhancing their adaptability and reasoning.
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Which Regions Are Becoming Hubs for Generative Artificial Intelligence (AI) In Robotics Market Innovation?
North America was the largest region in the generative artificial intelligence (AI) in robotics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative AI In robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Generative Artificial Intelligence (AI) In Robotics Market?
2. What is the CAGR expected in the Generative Artificial Intelligence (AI) In Robotics Market?
3. What Are the Key Innovations Transforming the Generative Artificial Intelligence (AI) In Robotics Industry?
4. Which Region Is Leading the Generative Artificial Intelligence (AI) In Robotics Market?
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