Artificial Intelligence Robots Market Size, Share, Trends, Growth and Forecast 2032

Artificial Intelligence Robots Market Insights

According to Zion Market Research, the global Artificial Intelligence Robots Market was worth USD 8.28 Billion in 2023. The market is forecast to reach USD 58.00 Billion by 2032, growing at a compound annual growth rate (CAGR) of 21.5% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Artificial Intelligence Robots Market industry over the next decade.

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Artificial Intelligence Robots Market Size And Industry Analysis

The report offers valuation and analysis of Artificial Intelligence Robots market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2023 to 2032 based on value (USD Billion).

Artificial Intelligence Robots Market: Overview

AI robots refer to service or industrial robots that make use of artificial intelligence algorithms such as deep learning, machine learning, and natural language processing. Lucrative use of robots in media & entertainment sector as well as their demand in manufacturing activities will prompt the market growth in the upcoming years. Furthermore, AI algorithms are utilized for programming robots and it effectively controls their behaviour. Moreover, AI robots also display certain kinds of emotions like human beings and can talk like humans as well as interact with them.

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Artificial Intelligence Robots Market: Growth Drivers

Large-scale use of robotics for personal use like entertainment & companionship will drive the market demand over the estimated timeline. With need for curbing the labor charges and enhancing work efficiency, the market for artificial intelligence robots is projected to witness huge expansion in the upcoming years. Surge in the retail activities and need for efficient supply chain activities will culminate in huge demand for robotics in retail sector, thereby providing impetus to artificial intelligence robots market. The requirement for just in time delivery of the products & services will promulgate the scope of artificial intelligence robots business in the near future. Surge in the product volumes requires robots embedded with new features and this will increase the penetration of AI-based robots in various industries.

Moreover, in automotive industry, robots embedded with image recognition feature can gather unsorted components of vehicles from bin or conveyor belt. Apart from this, artificial intelligence enables robots to become self-optimized products that can learn & analyze constantly from recent as well as historical data. Manufacturers make use of AI robots for reducing equipment breakdown as well as improving asset utilization & aiding predictive maintenance. This will also result in increase of the sales of the firm. All these aforementioned factors will drive the market trends. In addition to this, AI robots can detect defects as well as deviations in items or components and thus helps in resolving the quality issues for both manufacturing as well as automotive firms.

Regional Landscape

Asia Pacific Market Size To Increase By Leaps & Bounds Over 2024-2032

The regional market growth over 2024-2032 can be credited to rise in the use of AI-driven robotics across defense & military, inventory management, and healthcare industries in countries like Singapore, Taiwan, Japan, China, Malaysia, and South Korea. Presence of reputed manufacturers in the countries such as Japan and China will proliferate the expansion of artificial intelligence robots market in Asia Pacific.

Artificial Intelligence Robots Market: Report Scope

Competitive Landscape

• NVIDIA
• Intel Corporation
• IBM Corporation
• Microsoft Corporation
• Xilinx
• Alphabet
• Softbank
• Hanson Robotics
• Amazon
• Blue Frog Robotics
• Promobot.

The global Artificial Intelligence Robots Market is segmented as follows:

By Robot Type:

• Service Robots
• Industrial Robots

By Technology:

• Machine Learning
• Computer Vision

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa