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Artificial Intelligence In Robotics Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Artificial Intelligence In Robotics
Artificial Intelligence In Robotics Market Size Growth Forecast: What to Expect by 2025?
There has been a substantial expansion in the market for artificial intelligence in robotics in the past few years. The market, worth $17.89 billion in 2024, is expected to rise sharply to $23.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 28.6%. The impressive growth during the historic period is a result of improvements in machine learning algorithms, lower hardware costs, augmented processing power, increased industry automation, and the progress of cloud robotics.
How Will the Artificial Intelligence In Robotics Market Size Evolve and Grow by 2029?
The market size for artificial intelligence in robotics is anticipated to witness unprecedented growth in the forthcoming years, reaching an estimated value of $62.85 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 28.6%. This projected advancement during the forecast period can be credited to the integration of AI across various industries, attentiveness towards ethics and transparency, the proliferation of independent systems, AI application in healthcare robotics, and the universal connectivity offered by 5G technology. Key trends to watch out for during this period include technological progress, rising investments, collaborations spanning different industries, the use of edge computing in robotics, and the applicability of understandable AI in robotics.
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What Drivers Are Propelling the Growth of Artificial Intelligence In Robotics Market Forward?
The surge in automation technology is predicted to accelerate the expansion of artificial intelligence in the robotics industry. This technology encompasses the procedures and tools essential to automate systems and facilities. Such technologies find significant use in AI-based robotics, lending substantial speed and precision, leading to enhanced efficiency and productivity across various sectors like manufacturing, agriculture, healthcare, and logistics. For example, the International Federation of Robotics, a German robotics industry association, reported in April 2024, that there had been a 12% increase in industrial robot installations, with a total of 44,303 units installed in 2023. Hence, the growing automation technology propels the advancement of artificial intelligence in the robotics industry.
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Which Emerging Trends Are Transforming the Artificial Intelligence In Robotics Market in 2025?
Leading firms in the artificial intelligence in robotics market are concentrating on the development of innovative solutions to boost productivity. Chef Robotics, a firm specializing in robotics and artificial intelligence based in California, has introduced a flexible robotics solution that leverages AI for assisting food producers in overcoming labor shortages and augmenting production volumes through adaptable automation. The tech replicates the actions of humans for picking and placing items, using AI and swap-out utensils to match the adaptability level of a human. It can handle diverse ingredients, deal with any portion size, and place components with precision anywhere on a tray. This strategic approach addresses the persistent challenge of recruiting and retaining workers in cold-temperature environments necessitating repetitive processes in manufacture and assembly.
What Are the Key Segments in the Artificial Intelligence In Robotics Market?
The artificial intelligence in roboticsmarket covered in this report is segmented -
1) By Offering: Software, Hardware, Services
2) By Robot Type: Service Robots, Industrial Robots, Other Robot
3) By Deployment Mode: Cloud, On-Premises
4) By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
5) By End-Use Industry: Automotive, Aerospace And Defense, Retail, Healthcare, Industrial, Other End Use Industries
Subsegments:
1) By Software: Robotics Operating Systems, Machine Learning Algorithms, Computer Vision Software, Motion Planning And Control Software, Simulation And Testing Software
2) By Hardware: Robotic Arms And Manipulators, Autonomous Mobile Robots (AMRs), Drones And UAVs, Sensors And Cameras, Power Supply Systems
3) By Services: Consulting Services, Integration And Deployment Services, Maintenance And Support Services, Training And Education Services, Customization Services
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Who Are the Key Players Shaping the Artificial Intelligence In Robotics Market's Competitive Landscape?
Major companies operating in the artificial intelligence in robotics market report are Alphabet Inc., Microsoft Corporation, Intel Corporation, Medtronic, NVIDIA Corporation, ASUSTek Computer Inc., Kawasaki Heavy Industries, Ltd., FANUC Corporation, Kindred, Inc., iRobot Corporation, Nuro Inc., CloudMinds Technology Inc., AMP Robotics, Brain Corporation, Boston Dynamics, Inc., Magazino GmbH, Robust AI, Diligent Robotics, Hanson Robotics Ltd., Blue Frog Robotics SAS, Neurala, Inc., Veo Robotics, Inc., Agility Robotics, Miso Robotics Corporation, Gecko Robotics
What Geographic Markets Are Powering Growth in the Artificial Intelligence In Robotics Market?
North America was the largest region in the artificial intelligence in robotics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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