Evolve Business Intelligence has published a research report on the Global AI Robots Market, 2023–2033. The global AI Robots market is projected to exhibit a CAGR of around 22.91%during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global AI Robots Market: NVIDIA, Intel, IBM, Microsoft, Xilinx, Alphabet, Softbank, Hanson Robotics, Amazon, and Blue Frog Robotics
Market Highlights
The global AI Robots market is projected to be valued at USD 138.19 Billion by 2033, recording a CAGR of around 22.91% during the forecast period. The AI robots market refers to the segment of the robotics industry that focuses on the development and deployment of robots integrated with artificial intelligence (AI) technologies. AI robots are designed to perceive and interact with their environment autonomously, using AI algorithms to analyze data, make decisions, and perform tasks with minimal human intervention. These robots are equipped with sensors, actuators, and intelligent software systems that enable them to navigate complex environments, learn from their experiences, and adapt to changing conditions.
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The uses and applications of AI robots are vast and diverse. In the industrial sector, AI robots are utilized for tasks such as manufacturing automation, material handling, quality control, and predictive maintenance. These robots improve operational efficiency, enhance productivity, and reduce the risk of human error. In the healthcare industry, AI robots assist in surgeries, patient care, and rehabilitation, contributing to improved accuracy, precision, and patient outcomes. AI robots also find applications in sectors such as retail and e-commerce, logistics and warehousing, agriculture, and defense, among others.
The COVID-19 pandemic has had a significant impact on the AI robots market. The crisis has highlighted the need for automation, contactless operations, and remote solutions, driving the demand for AI robots across various industries. During the pandemic, AI robots played a vital role in mitigating risks and ensuring business continuity. In the healthcare sector, AI robots were deployed for tasks such as patient monitoring, disinfection, and delivery of medical supplies, reducing the exposure of healthcare workers to the virus and enabling efficient healthcare delivery. AI robots were also utilized in public spaces and transportation systems to enforce social distancing measures and perform sanitization procedures.
The manufacturing industry witnessed an increased focus on automation to ensure uninterrupted production and minimize workforce dependency. AI robots were employed to maintain manufacturing operations, perform quality inspections, and manage supply chains. The pandemic served as a catalyst for the adoption of AI robots in industries where human contact needed to be minimized.
Moreover, the retail and e-commerce sectors experienced a surge in demand for contactless shopping and delivery. AI robots were utilized for tasks such as inventory management, order fulfillment, and last-mile delivery. These robots helped retailers and e-commerce companies cope with the increased demand and maintain operational efficiency during lockdowns and social distancing measures.
Segmental Analysis
The global AI Robots market has been segmented based on Robot Type, and End-user Industry.
Based on the Robot Type, the AI Robots market is segmented into Industrial Robots, and Service Robots. The Industrial Robots segmentis expected to have the larger market share throughout the forecast period.
Based on End-user Industry, the global AI Robots market has been divided into Automotive, Retail & E-commerce, Healthcare, Food & Beverage, and Other End-user Industries. The Automotive segment is anticipated to dominate the market.
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Regional Analysis
The AI Robots market is divided into five regions: North America, Europe, Asia-Pacific, South America, and Middle East, &Africa. Among these regions, North America and Europe are the two major regions driving the growth of the AI Robots market. North America is home to some of the world’s leading technology companies, research institutions, and universities. The region has a strong focus on technological advancements and innovation, particularly in AI and robotics. This has led to the development of cutting-edge AI technologies and the integration of AI capabilities into robots. The region is known for its robust manufacturing capabilities and is a global manufacturing powerhouse. Industries such as automotive, electronics, and consumer goods extensively use AI robots for automation, quality control, and production efficiency. The high demand for AI robots in these sectors drives market growth in Asia-Pacific.
