Artificial Intelligence (AI) in Robotics Market: Global Industry Analysis and Forecast (2022-2029)


Artificial Intelligence (AI) in Robotics market size is expected to grow at 38.5% throughout the forecast period, reaching nearly US$ 93.41 Billion by 2029.

The global Artificial Intelligence (AI) in Robotics market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Artificial Intelligence (AI) in Robotics report also provides trends by market segments, technology, and investment with a competitive landscape.Global Artificial Intelligence (AI) in Robotics MarketTo know about the Research Methodology :- Request Free Sample Report

Overview of Artificial Intelligence (AI) in Robotics:

Artificial intelligence and robotics are two powerful technologies that, when combined, create an even more powerful technology. Artificial intelligence and robotics can be used to efficiently accomplish a variety of tasks, obviating the need for human labor in many cases.

Robotics and artificial intelligence (AI) augment and enhance human potential, increase productivity, and move away from simple reasoning toward human-like cognitive capacities. The era of augmented intelligence, which seamlessly links human and machine intellect is the next stage of AI.

Artificial Intelligence (AI) in Robotics Market Dynamics:

Increasing needs of automation and demands for lesser human interventions in daily operational tasks across various industry verticals are anticipated to be the major factors driving artificial intelligence in the robotics market. Higher initial costs of implementations of artificial intelligence in robotics are anticipated to hinder the growth of artificial intelligence in the robotics market. Significant investments by researchers and the Government in the development of highly efficient artificial intelligence in robotic devices and machines are anticipated to provide vast opportunities to the players operating in the artificial intelligence in the robotics market.

Technology has progressed to the point where an individual can now control large, complex operations with only a touch of a button. AI-enabled robots allow for a fully automated process that does not require any human participation. Artificially intelligent devices are programmed to react to unexpected events automatically. When compared to humans, they make accurate judgments. Artificial intelligence (AI) industrial robotics is based on algorithms that automate decision-making in manufacturing operations. As the machine learns new methods to handle the task, these algorithms improve over time. These factors are responsible for the market growth of AI in the robotics market.

Production depends on demand.

Every stage of the production process is monitored by sensors as AI-enabled robotics is implemented. Production is handled based on demand and capacity, and it can be adjusted as needed. Sensors feed data to AI-based software, which then manages production depending on the software's analysis. This helps to avoid losses caused by both over-and under-production. As a result, AI-industrial robotics can effectively balance demand and supply.

After robotics, AI is the next stage in increasing productivity and lowering production costs. Poor demand and capacity planning, dangerous workplaces (in which workers are exposed to key dangerous products used in manufacturing), inefficiency, lengthier and more expensive manufacturing, and so on are the main factors of industries' logical evolution. Artificial Intelligence is critical for the industry's survival and improvement. Robots play a critical part in the production, packing, and transportation of products with minimal human intervention.

Pros:

Long-term cost-effectiveness
Errors are reduced
Risk reduction

Cons:

A lack of creativity
Job losses are a possibility.
High start-up costs

Artificial Intelligence (AI) in Robotics Market Segmentation:

Depending upon the robot type, the artificial intelligence (AI) in the robotics market is segmented into industrial robots and service robots. The use of industrial robots is expected to increase significantly. Artificial intelligence and machine learning, for example, are causing major technical upheavals in the industrial robotics business. Industrial robots are primarily utilized in the industrial business to conduct automated, repetitive, tedious, and potentially dangerous jobs to increase production and accuracy.

In the manufacturing industry, AI industrial robots are being used widely.

AI is one of the most widely accepted technologies in a variety of industries, including manufacturing. AI industrial robots are gaining traction in the manufacturing sector. The production process has already been changed by industrial automation, and AI-enabled robots are enhancing that impact with more efficient and seamless procedures.

The usage of AI-based robots simplifies the process of detecting and resolving faults. Machine maintenance that is done correctly saves time and ultimately boosts the process's output. Robots can check their accuracy and performance using AI industrial robotics technology. To avoid costly downtime, the robots warn when repair is required. As a result, human resources are also considerably reduced.

The use of AI industrial robotics aids in the precision and uniformity of product manufacturing. Robots can labor for long periods without becoming tired and can operate in hazardous settings. They help to save labor and inventory costs while allowing for quick reaction to design changes. As a result, AI-enabled industrial robots can greatly boost the value of output.

Artificial Intelligence (AI) in Robotics Market Regional Insights:

In terms of artificial technology adoption for robots, the Asia-Pacific area is predicted to grow at the fastest rate. The rising population in the region is a major element influencing the adoption rate. Robotics is also being used in a variety of end-user industries in the region, including manufacturing, retail, and healthcare. As a result, the integration of AI and robots is moving at a rapid rate.

Growth of Industrial Robots in APAC:

In addition, when it comes to the deployment of industrial robots in the manufacturing sector to boost productivity, the Asia-Pacific region is likely to lead the market. According to IFR World Robotics Report 2021, Asia continues to be the leading market for industrial robots, with operational stock in the region's largest adopter, China, increasing by 21% to almost 783,000 units in 2021. With around 355,000 units, Japan is in second place, up 12%. India came in second, with a new high of around 26,300 units — up 15%. India has more than doubled the number of industrial robots in its factories in only five years.

Asia accounted for around two-thirds of the worldwide supply of newly deployed robots. Although sales of about 140,500 new robots fell short of the record years of 2018 and 2017, they were still more than double those sold five years ago. Installations in the key Asian markets have slowed — in China (down 9%), and Japan (down 10%).

The objective of the report is to present a comprehensive analysis of the Global Artificial Intelligence (AI) in Robotics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Artificial Intelligence (AI) in Robotics Market dynamics, structure by analyzing the market segments and project the global Artificial Intelligence (AI) in Robotics market size. Clear representation of competitive analysis of key players By Robot Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Artificial Intelligence (AI) in Robotics Market make the report investor’s guide.

Recent Launches:

April 2021 - Invento Robotics (India) launched C-Astra, a smart LiDAR robot that aids in patient screening and disinfection. C-Astra is a semi-automated robot that is also employed to combat the coronavirus. It disinfected houses using UVC light and employed thermal cameras to measure body temperature.

February 2021 - Surena IV, one of Iran's most advanced humanoid robots was unveiled by a team of 50 Iranian roboticists from the University of Tehran's Center for Advanced Systems and Technologies (CAST). The robot demonstrates several human-like abilities, including grabbing a water bottle, writing its name on a whiteboard, and imitating a human's attitude. To avoid falling, the robot uses a whole-body motion controller that constantly adjusts its posture.

Global Artificial Intelligence (AI) in Robotics Market Scope: Inquire before buying

 





Global Artificial Intelligence (AI) in Robotics Market




Base Year
2021
Forecast Period
2022-2029




Historical Data
CAGR
Market Size in 2021
Market Size in 2029




2017 to 2021
38.5%
US$ 6.89 Bn
US$ 93.41 Bn




Segments Covered




by Robot Type
• Industrial Robots
• Service Robots
by End-User Industry
• Automotive
• Retail & E-commerce
• Healthcare
• Food & Beverage
• Other End-user Industries




Regions Covered




North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America






Artificial Intelligence (AI) in Robotics Market Key Players

• Boston Dynamics
• Canvas Technology
• DroneSense
• iRobot
• Miso Robotics
• Neurala
• Rethink Robotics
• Alphabet Inc.
• ASUSTek Computer Inc.
• Blue Frog Robotics
• FANUC Corporation
• Hanson Robotics
• IBM Corporation
• KUKA AG
• Mayfield Robotics
• NVIDIA Corporation
• Softbank Group
• Other Key Players

Frequently Asked questions

1. What is the market size of the Global Artificial Intelligence (AI) in Robotics Market in 2021?
Ans. The market size Global Artificial Intelligence (AI) in Robotics Market in 2021 was US$ 6.89 Billion.

2. What are the different segments of the Global Artificial Intelligence (AI) in Robotics Market ?
Ans. The Global Artificial Intelligence (AI) in Robotics Market is divided into Robot Type and End-User Industry.

3. What is the study period of this market?
Ans. The Global Artificial Intelligence (AI) in Robotics Market will be studied from 2021 to 2029.

4. Which region is expected to hold the highest Global Artificial Intelligence (AI) in Robotics Market share?
Ans. The Asia Pacific dominates the market share in the market.

5. What is the Forecast Period of Global Artificial Intelligence (AI) in Robotics Market ?
Ans. The Forecast Period of the market is 2022-2029 in the market. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Artificial Intelligence (AI) in Robotics Market Size, by Market Value (US$ Bn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2019
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Artificial Intelligence (AI) in Robotics Market
3.4. Geographical Snapshot of the Artificial Intelligence (AI) in Robotics Market, By Manufacturer share
4. Global Artificial Intelligence (AI) in Robotics Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Artificial Intelligence (AI) in Robotics Market
5. Supply Side and Demand Side Indicators
6. Global Artificial Intelligence (AI) in Robotics Market Analysis and Forecast, 2022-2029
6.1. Global Artificial Intelligence (AI) in Robotics Market Size & Y-o-Y Growth Analysis.
7. Global Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
7.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
7.1.1. Industrial Robots
7.1.2. Service Robots
7.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
7.2.1. Automotive
7.2.2. Retail & E-commerce
7.2.3. Healthcare
7.2.4. Food & Beverage
7.2.5. Other End-user Industries
8. Global Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
9.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
9.1.1. Industrial Robots
9.1.2. Service Robots
9.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
9.2.1. Automotive
9.2.2. Retail & E-commerce
9.2.3. Healthcare
9.2.4. Food & Beverage
9.2.5. Other End-user Industries
10. North America Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
11.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
11.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
12. Canada Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
12.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
12.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
13. Mexico Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
13.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
13.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
14. Europe Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
14.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
14.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
15. Europe Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
16.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
16.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
17. France Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
17.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
17.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
18. Germany Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
18.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
18.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
19. Italy Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
19.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
19.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
20. Spain Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
20.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
20.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
21. Sweden Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
21.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
21.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
22. CIS Countries Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
22.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
22.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
23. Rest of Europe Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
23.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
23.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
24. Asia Pacific Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
24.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
24.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
25. Asia Pacific Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
26.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
26.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
27. India Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
27.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
27.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
28. Japan Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
28.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
28.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
29. South Korea Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
29.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
29.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
30. Australia Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
30.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
30.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
31. ASEAN Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
31.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
31.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
32. Rest of Asia Pacific Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
32.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
32.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
33. Middle East Africa Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
33.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
33.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
34. Middle East Africa Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
35.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
35.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
36. GCC Countries Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
36.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
36.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
37. Egypt Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
37.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
37.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
38. Nigeria Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
38.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
38.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
39. Rest of ME&A Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
39.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
39.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
40. South America Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
40.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
40.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
41. South America Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
42.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
42.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
43. Argentina Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
43.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
43.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
44. Rest of South America Artificial Intelligence (AI) in Robotics Market Analysis and Forecasts, 2022-2029
44.1. Market Size (Value) Estimates & Forecast By Robot Type, 2022-2029
44.2. Market Size (Value) Estimates & Forecast By End-User Industry, 2022-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Artificial Intelligence (AI) in Robotics Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. iRobot
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Product Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Boston Dynamics
45.3.3. Canvas Technology
45.3.4. DroneSense
45.3.5. Miso Robotics
45.3.6. Neurala
45.3.7. Rethink Robotics
45.3.8. Alphabet Inc.
45.3.9. ASUSTek Computer Inc.
45.3.10. Blue Frog Robotics
45.3.11. FANUC Corporation
45.3.12. Hanson Robotics
45.3.13. IBM Corporation
45.3.14. KUKA AG
45.3.15. Mayfield Robotics
45.3.16. NVIDIA Corporation
45.3.17. Softbank Group
45.3.18. Other Key Players
46. Primary Key Insights
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