Artificial Intelligence Robots Market Size to Grow by USD 19157.78 Million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation

Artificial Intelligence Robots Market Size to Grow by USD 19157.78 Million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation

NEW YORK, Nov. 16, 2022 /PRNewswire/ — The Global Artificial Intelligence Robots Market share is set to increase by USD 19157.78 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 29.37% as per the latest market forecast report by Technavio. The market will also record a 29.03% Y-O-Y growth rate during the forecast period. To know more about the historic market size– Request a Free Sample Report!

Technavio has announced its latest market research report titled Global Artificial Intelligence Robots Market 2022-2026 2022-2026

Technavio has announced its latest market research report titled Global Artificial Intelligence Robots Market 2022-2026 2022-2026

Global Artificial Intelligence Robots Market – Parent Market Analysis

Technavio categorizes the global artificial intelligence robots market as a part of the global industrial machinery market. The parent market, the global industrial machinery market, includes companies engaged in manufacturing industrial machinery and components covering presses, compressors, machine tools, elevators, escalators, pollution control equipment, pumps, insulators, roller bearings, and other metal fabrications. The global industrial machinery market is expected to grow at a moderate pace.

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Global Artificial Intelligence Robots Market Characteristics with Five Forces–

The Global Artificial Intelligence Robots Market is fragmented, and the five forces analysis by Technavio gives an accurate vision –

  • Bargaining Power of Buyers

  • The threat of New Entrants

  • Threat of Rivalry

  • Bargaining Power of Suppliers

  • For information on the impact of the five forces analysis– Click Now!

Global Artificial Intelligence Robots Market – Customer Landscape

  • The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.

  • The potential for the customer landscape will be available with Technavio Reports – Buy Now!

Global Artificial Intelligence Robots Market – Segmentation Assessment

Geography Segment Overview

Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Artificial Intelligence Robots Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Artificial Intelligence Robots Market size and actionable market understandings.

Regional Highlights

  • APAC is the fastest-growing region in the global artificial intelligence robots market compared to other regions. 45% of the market’s growth will originate from this region. The increasing adoption of AI-based robotics in inventory management, retail, defense, healthcare, and security applications is driving the growth of the regional market. Countries such as Japan, China, and South Korea are the major contributors to market growth.

Technology Segment Overview

  • The Artificial Intelligence Robots Market as per technology segmentation is categorized into Software and Hardware.

  • Revenue Generating Segment – The artificial intelligence robots market share growth by the software segment will be significant during the forecast period. Software programs help with the integration of advanced technologies such as ML, AI, facial recognition, and gesture recognition.

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Global Artificial Intelligence Robots Market – Market Dynamics

Major Driver Boosting the Market

  • The high adoption of private-use robots is driving market growth.

  • The increasing demand for home automation is encouraging the extensive adoption of cleaning robots and security robots while raising consumer awareness.

  • The adoption of companion robots has been high, especially in developing countries and in countries with a high geriatric population.

  • These factors are increasing the use of private-use robots, which is driving the growth of the global AI robots market during the forecast period.

Major trends influencing the growth of the market

  • The increase in demand for enhanced productivity and performance in robots is a trend in the market.

  • Many companies have increased their focus on automating their manufacturing facilities. They are installing automated control systems enabled with advanced technologies, such as ML, AI, robotics, and analytics. They are focusing on improving productivity, enhancing product quality, and reducing labor costs.

  • Companies are replacing human labor with robots such as collaborative robots and professional robots to eliminate repetitive manual and clerical tasks and reduce labor costs.

  • Various industries, including consumer electronics, automotive, healthcare, and industrial end-users, are adopting robots to automate operations in their manufacturing facilities.

Major Challenges interrupting the market growth

  • The increasing manufacturing cost is challenging market growth.

  • Many companies have increased their focus on automating their functions, such as painting, security, machine tending, material transfer, and quality inspection. They are adopting robots such as collaborative robots and industrial AI robots to automate processes.

  • These robots include hardware such as actuators, sensors, controllers, power sources, and software. Vendors are also integrating multiple sensors and control systems.

  • However, the cost of these components is high, which increases the overall cost of manufacturing robots, thus hindering the growth of the global AI robots market during the forecast period.

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Artificial Intelligence Robots Market 2023-2027: Key Highlights

  • CAGR of the market during the forecast period 2023-2027

  • Detailed information on factors that will assist artificial intelligence robots market growth during the next five years

  • Estimation of the cloud data warehouse market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the artificial intelligence robots market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of artificial intelligence robots market vendors

Related Reports

  • The grinding robots market is projected to grow by USD 51.97 million with a CAGR of 6.73% during the forecast period 2021 to 2026. The market is segmented by end-user (automotive, metals and machinery, aerospace and defense, and others), solution (software, services, and hardware), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

  • The shelf-mounted robots market is projected to grow by USD 5.52 billion with a CAGR of 10.26% during the forecast period 2021 to 2026. The market is segmented by application (material handling, assembly, welding, surface treatment and finishing, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

Artificial Intelligence Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 29.37%

Market growth 2023-2027

USD 19157.78 million

Market structure

Fragmented

YoY growth (%)

29.03

Regional analysis

APAC, Europe, North America, South America, and the Middle East and Africa

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Japan, India, Germany, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Advanced Micro Devices Inc., Alphabet Inc., Amazon.com Inc., ASUSTeK Computer Inc., BLUE FROG ROBOTICS SAS, FANUC Corp., HANSON ROBOTICS Ltd., Intel Corp., International Business Machines Corp., LG Electronics Inc., Microsoft Corp., MIDEA Group Co. Ltd., Miso Robotics Inc., NEURALA INC, NTT Disruption Europe SL, NVIDIA Corp., Promobot LLC, Robert Bosch GmbH, and SoftBank Robotics Group Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Industrials Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Technology

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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