The global intelligent robot market is poised to grow at a significant growth rate from 2019 to 2025. Intelligent robots are designed to perform different operations without the intervention of humans. It uses Artificial Intelligence (AI) processes and systems that adapt itself from its experience and environment. Intelligent robots can work together, collaborate, and learn through human behaviour.
The global High adoption of robots within the industrial, commercial as well as domestic purposes is fuelling growth in Intelligent Robots market is expected to develop US$ 52.63 Bn by 2030, at a compound annual increase in price (CAGR) of 20.5 % throughout the forecast period.
.jpg "The Global Intelligent Robots Market 2020-2030 (USD Billion)")
The rise of the intelligent robot industry is led by growing industrial automation, strong government investments for automation solutions, as well as the development of robotics for a digital and connected world. Moreover, factors such as rising concerns over workplace safety and growth in the advancements of smart homes are expected to offer lucrative opportunities for the smart robot market in the coming few years. However, insecure connections with robots and heavy manufacturing expenses restrict industry growth.
Growing government initiatives for AI-enabled robotic solutions and increasing funds towards industrial automation is expected to drive the Intelligent Robots Market
Several industry verticals that include healthcare, manufacturing, construction, logistics, and more, are rapidly implementing robotic processes. The application of robots in the agriculture sector, as well as in the automotive sector has augmented the intelligent market growth in the past few years. This leads to stable and precise work throughput in the processes. Intelligent robots also enable enhanced quality along with safety in terms of damages that are caused through machinery. In the production and manufacturing line of industry, intelligent robots are widely used to perform a range of performed tasks and move materials in different places.
Software segment within the component type the emerging type for intelligent robots market
The software segment is expected to grow at a considerable rate compared to the hardware segment owing to the increasing complexity in terms of functionalities such as autonomous operations and inter-device connectivity. Moreover, key players within the intelligent robot market are constantly coming up with advanced solutions that help the intricate functionalities to process accurately and effectively. For example, Komatsu has introduced a multi-purpose bulldozer and drone automation system, particularly for the construction industry that hovers above the construction site and enables monitoring the inventory, delivery, and overall progress.
Asia-Pacific will lead the growth in this market
The Asia Pacific region is anticipated to grow at the highest rate over the forecast period. The region is probable to implement intelligent robots for almost all important service and industrial applications in the next five years. On the other hand, due to the rising elderly population within countries such as China and Japan, the nations are likely to employ humanoids (intelligent home robots) for caregiving and personal applications. Also, government initiatives in emerging technologies such as machine learning, artificial intelligence, and automation solutions in the developing Asia Pacific countries are projected to augment the growth of intelligent robots market over the forecast period.
Key Market Players
• SoftBank Robotics
• iRobot
• KUKA
• ABB
• Hanson Robotics
• FANUC
• Blue Frog Robotics
• Universal Robots
• Rethink Robotics
• ECA Group
• Intuitive Surgical
• Others
Intelligent Robots Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | US$ 52.63 Bn |
| Growth Rate | CAGR of 20.5 % during 2020-2030 |
| Segment Covered | By Offering, By Type, By Technology, By Deployment Mode, By Application, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | SoftBank (Japan), NVDIA (US), Intel (US), Microsoft (US), IBM (US), Hanson Robotics (China), Alphabet (US), Xilinx (US), ABB (Switzerland), Fanuc (Japan) are among the key players operating in the AI Robots market. |
Key Segment Of The Intelligent Robots Market
By Offering (USD Billion)
o oftware
• Machine Learning
• Computer Vision
• Context Recognition
• Natural Language Processing (NLP)
o Hardware
o Services
By Robot Type, (USD Billion)
• Service Robots
• Industrial Robots
• Others
By Technology, (USD Billion)
• Machine Learning
• Computer Vision
• Context Awareness
• Natural Language Processing
By Deployment Mode, (USD Billion)
• Cloud
• On-premises
By Application, (USD Billion)
o Law Enforcement
• Road Patrol
• Riot Control
o Military & Defense
• Border Security
• Search and Rescue Operations
• Combat Operations
• Spying
o Public Relations
• Reception Robots
• Tour Guiding Robots
o Personal Assistance and Care
• Elderly Assistance Robots
• Companion Robots
o Education and Entertainment
o Research and Space exploration
o Industrial
o Agriculture
o Healthcare Assistants
o Stock Management
o Others
Regional Overview, 2022-2030 (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
Asia-Pacific dominated the market for intelligent robots market and accounted for the largest revenue share.
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The base year for the report is 2023 in intelligent robots market.