AI in Robotics Statistics 2024 By Market Dimension and Details

Introduction

AI in Robotics Statistics: Now we have already recognized about robotics know-how in the previous few many years, however not too long ago launched artificial intelligence is making it extra superior. Utilizing AI-powered robots in manufacturing industries goes to extend general productiveness and effectivity. AI or Synthetic Intelligence related to business automation is unquestionably going to alter the world.

Furthermore,  as acknowledged, these  AI in Robotics Statistics AI-based Robots will scale back the worldwide financial value by greater than 50%. It will help in stabilising the economies. Nonetheless, there are some drawbacks to know-how which are but to be addressed. Contemplating some optimistic features, let’s take a look at the AI Robotic Trade by numbers.

Editor’s Selection

• In accordance with a McKinsey report, industrial corporations plan to speculate 25% of their capital in automation inside the subsequent 5 years. 
• By Robotic sort, in comparison with service robots, industrial robots are anticipated to generate the best income, leading to $6,658.2 million and $10,430.3 million, respectively. 
•  AI in Robotics Statistics exhibits that, by 2030, AI and robotics are estimated to contribute $15.7 trillion towards the worldwide economic system. 
• As of 2023, the machine studying section was the most important contributor to market share, with 34.98% within the know-how section. 
• It’s estimated that income generated by AI robotics in environmental monitoring will quantity to $79.9 million by 2025.
• The worldwide AI industrial robotics market is projected to be valued at $10.72 billion by 2024.
• AI in Robotics Statistics exhibits that in 2023, the commercial robots market share around the globe was the most important, contributing 60.51%. The service robots section confirmed a 39.49% market share. 
• AI and robotics-related actions are anticipated to make up 26% of the worldwide GDP supply in 2030.
• Within the world comparability, the US of America is predicted to generate the best income, contributing $3,282 million in 2024 within the AI Industrial Robotics Market.
• Between 2023 and 2034, the Asia Pacific area is forecast to develop at a CAGR of 21.9% within the AI Robotics section.

Common AI In Robotics Statistics

• In accordance with AI in Robotics Statistics, AI-based robotics know-how will create greater than 12.5 million jobs worldwide.
• It’s estimated that by 2025, AI-based retail robots will save 1.2 billion labour hours yearly. 
•  AI in Robotics Statistics exhibits that, by 2030, AI and robotics are estimated to contribute $15.7 trillion towards the worldwide economic system. 
• By 2030, AI-powered autonomous automobiles are anticipated to scale back the price of transportation by 25%.
• AI and robotics-related actions are anticipated to make up 26% of the worldwide GDP supply in 2030.
• In 2023, North America captured the best income share, contributing 33.12%.
• The economic AI robots section generated 60% plus income within the earlier 12 months.
• As of 2023, the machine studying section was the most important contributor to market share, with 34.98% within the know-how section. 
• Between 2023 and 2034, the Asia Pacific area is forecast to develop at a CAGR of 21.9% within the AI Robotics section. 
• In 2023, the cloud section by deployment mode captured the best market share with 53.86%.
• As well as, the on-premises section by deployment mode is estimated to develop at a CAGR of 21.4% between 2023 and 2032.
•  AI in Robotics Statistics exhibits that the service robots section by sort is the fastest-growing market, with a 21.6% development fee within the forecast interval.
• By Robotic sort, in comparison with service robots, industrial robots are anticipated to generate the best income, leading to $6,658.2 million and $10,430.3 million, respectively. 
• Moreover, in 2024, the market income by providing merchandise section within the Synthetic Intelligence Robots market is as follows: software program ($6,430.6 million), Companies ($6,638.1 million), and {Hardware} ($6,638.1 million).
• In accordance with a McKinsey report, industrial corporations plan to speculate 25% of their capital in automation inside the subsequent 5 years.

By Trade

• The worldwide defence business primarily based on AI and robotics is estimated to be valued at $61 billion by 2027.
• As well as, by subsequent 12 months, it’s estimated that AI robotics in agriculture will attain $703.4 million.
• In 2024, the healthcare business is forecasted to be the second largest business within the Synthetic intelligence Robotics market, with a 19% share. 
• AI in Robotics Statistics for Logistics estimates that, by 2025, the market will attain $40.9 billion.
• It’s estimated that income generated by AI robotics in environmental monitoring will quantity to $79.9 million by 2025.

By Robotic Sort

(Reference: precedenceresearch.com)

AI in Robotics Statistics exhibits that in 2023, the commercial robots market share around the globe was the most important, contributing 60.51%. The service robots section confirmed a 39.49% market share.

By Know-how

(Supply: precedenceresearch.com)

In accordance with a report by Priority Analysis 2023, in 2024, content material consciousness by know-how sort within the AI Robotics section is estimated to generate extra income as in comparison with different AI-based applied sciences, akin to pc imaginative and prescient, machine studying, and pure language processing.

Worldwide AI Robots Market Development

(Reference: statista.com)

AI in Robotics Statistics forecast worldwide, the best development was skilled in 2023, with 60.23%. As well as, within the present 12 months, it’s anticipated to develop as much as 26.4%. Nonetheless, within the coming years, the expansion will likely be declining and is predicted to succeed in merely 4.53% by 2030.

AI Industrial Robotics By Area

Worldwide

• The worldwide AI industrial robotics market is projected to be valued at $10.72 billion by 2024.
• Within the world comparability, the US of America is predicted to generate the best income, contributing $3,282 million in 2024.
• Moreover, between 2024 and 2030, the worldwide AI Industrial Robotics market is predicted to develop at a CAGR of 11.54%, reaching $20.64 billion by 2030.

Asia

• The Asian AI industrial robotics market is presently valued at $3.61 billion.
• In comparison with 2023, in 2024, the market measurement change is predicted to be 31.94%.
• The market quantity is estimated to develop at a CAGR of 12.25% by 2030, reaching $6.32 billion.

Africa

• The African market is predicted to point out a market measurement change of 33.64% in 2024.
• It’s estimated that between 2024 and 2030, it is going to develop at a CAGR of 12.45%, reaching $504.10 million by the projected 12 months.
• At present, it’s valued at $249.30 million.

Australia And Oceania

• In 2024, the Australia and Oceania market is predicted to succeed in $252.80 million.
• In comparison with 2023, within the present 12 months, the market measurement change is predicted to be 33.97%.
• The AI industrial robotics market is predicted to develop at a CAGR of 12.36% between 2024 and 2030, reaching $508.80 million by the forecasted interval.

Americas

• Between 2024 and 2030, the American AI Industrial Robotics market is predicted to develop at a CAGR of 10.90%, reaching $7.31 billion by the forecast 12 months.
• Moreover, it’s anticipated to succeed in $3.93 billion in 2024.
• In 2024, the market measurement change is projected at 22.03%.

Europe

• The European AI industrial Robotics market is predicted to succeed in $3.13 billion within the present 12 months. 
• Between 2024 and 2030, it’s estimated that 11.46% would be the annual development fee, reaching $6.00 billion by 2030.
• Within the present 12 months, the market measurement change is predicted to be 25.47%

AI Robotics By Area

Worldwide

• At present, the worldwide AI Robotics market is estimated to be valued at $19.01 billion.
• Moreover, it’s estimated that between 2024 and 2030, it is going to develop at a CAGR of 11.63%, reaching $36.78 billion by the forecast 12 months. 
• Within the world comparability, the USA is predicted to turn into the most important market by measurement, leading to $6,295 million in 2024.
• In 2024, the market measurement change is predicted to be 26.40%.

Americas

• In accordance with AI in Robotics Statistics, the American AI Robotics market is predicted to succeed in $7.48 billion within the present 12 months.
• It would develop at an annual fee of 10.97% between 2024 and 2030, reaching $13.97 billion by 2030.
• In 2024, the anticipated market measurement change is 22.18%.

Asia

• The Asian AI Robotics market is estimated to succeed in $5.36 billion within the present 12 months.
• Between 2024 and 2030, the market quantity is predicted to develop at a CAGR of 12.40%, reaching $10.81 billion by the forecasted 12 months.
• In 2024, market measurement change is predicted to be 32.55%.

Africa

• The African AI Robotics market is predicted to succeed in $921.60 million by 2030.
• Between 2024 and 2030, it is going to develop at a CAGR of 12.55%, reaching $921.
• At present, the market is estimated to succeed in $453.50 million.
• As well as, the anticipated market measurement change is 33.53%.

Europe

• The European AI robotics market is predicted to succeed in $5.24 billion in 2024.
• Between 2024 and 2030, the annual development fee for market measurement is predicted to be 11.56%, reaching $10.10. Billion by 2030.
• The market measurement change in 2024 is 25.39%.

Australia And Oceania

• AI in Robotics Statistics 2024 exhibits that the Australia and Oceania market is estimated to be valued at $482.70 million within the talked about interval.
• It would develop at a CAGR of 12.38% between 2024 and 2030, reaching $972.20 million by the forecast interval.
• The market measurement change is predicted to be 34.15% in 2024.

AI Service Robotics By Area

Worldwide

• The worldwide AI Service Robotics is presently valued at $8.29 billion.
• The worldwide comparability of  AI in Robotics Statistics exhibits that, in 2024, the USA would be the largest market by measurement, leading to $3,013 million.
• The market measurement is estimated to develop at an annual fee of 11.74% between 2024 and 2030, reaching 16.12% by the forecast interval.

Asia

• The Asian AI Service robots are estimated to succeed in $2.20 billion in 2024.
• As of 2024, the market measurement change is predicted to be 33.44%
• Between 2024 and 2030, it is going to develop at a CAGR of 12.63%, contributing $4.49 billion by 2030.

Africa

• Equally, the African area is estimated to quantity to $204.30 million in 2024.
• Moreover, by 2030, it’s anticipated to point out an annual development fee of 12.65%, reaching $417.50 million by 2030.
• The change available in the market measurement in 2024 in comparison with 2023 is 33.39%.

Australia And Oceania

• In Australia and Oceania, the AI service robotics market is valued at $229.90 million in 2024.
• Moreover, by 2030, the market will develop at a CAGR of 12.39%, reaching $463.40 million.
• The speed of change in market measurement in 2024 is 34.34%.

Americas

• In accordance with  AI in Robotics Statistics by Service, the market is presently valued at $3.55 billion.
• Moreover, it’s estimated that by 2030, it is going to develop at a CAGR of 11.06%, contributing $6.66 billion. 
• 22.35% is the present market measurement change within the USA for AI Service Robotics.

Europe

• As of 2024,  AI in Robotics Statistics exhibits that the European AI service robotics market is valued at $2.11 billion. 
• Moreover, it is going to develop at an annual development fee of 11.75%, with an anticipated quantity to succeed in $4.11 billion by 2030.
• In 2024, the change in market measurement is projected to be 25.27%.

Worldwide AI Robotic Market Dimension

(Reference: statista.com)

The above chart exhibits the enhancing development available in the market measurement 12 months on 12 months. In accordance with Statista, by 2030, the AI robotic market measurement is predicted to succeed in $36.78 billion. At present, in 2024, it’s valued at $19.01 billion.

By Market Dimension Share By Trade

(Reference: statista.com)

In accordance with a report by Statista, the worldwide market measurement of AI Robotics was the most important for the manufacturing business, contributing 65.02% in 2022. Different industries took respective locations with the next market shares: transportation (16.01%) and safety (7.76%), retail (4.85%), healthcare (4.20%), vitality (1.02%), and others (0.93%).

By Area

(Reference: precedenceresearch.com)

In accordance with AI in Robotics Statistics 2023, North America had the best market share, contributing 33.12%. Moreover, Europe and Asia Pacific represented 28.84% and 25.29%, respectively. Latin America, the Center East, and Africa share 7.99% and 4.76% every.

AI Robotics Market Dimension Change Between 2021 And 2030

(Supply: statista.com)

AI and Robotics: A Highly effective Duo Shaping Our Future

Think about a world the place robots aren’t simply clunky machines on manufacturing unit flooring however clever assistants working alongside us in properties, hospitals, and even on farms. Due to the wedding of synthetic intelligence (AI) and robotics, this future is quickly turning into a actuality. Let’s delve into how AI is reworking robots and the thrilling tendencies that may reshape our world within the coming years.

The Energy of AI In Robotics

Historically, robots had been programmed for particular duties, making them rigid and unable to adapt to altering environments. AI injects intelligence into robots by enabling them to:

• Understand their environment: AI algorithms assist robots “see” the world by way of sensors and cameras. They will determine objects, perceive their environment, and navigate complicated areas.
• Study and adapt: Machine studying permits robots to study from expertise. By analysing information, they’ll enhance their efficiency over time and regulate their actions to new conditions.
• Make choices: AI empowers robots to make fundamental choices with out fixed human intervention. This frees up human employees for extra complicated duties and improves general effectivity.

Present Impression of AI Robotics

The synergy between AI and robotics is already making waves throughout industries. Listed below are some real-world examples:

• Industrial Revolution 2.0: Manufacturing is a major beneficiary. AI-powered robots can deal with intricate duties like delicate meeting or customised product creation, boosting productiveness and lowering errors. A 2023 McKinsey report estimates that AI may generate $3 trillion to $5 trillion in worth for the worldwide manufacturing sector by 2030.
• Surgical precision: AI-assisted surgical robots are reworking healthcare. They supply surgeons with higher mastery and management, resulting in minimally invasive procedures and sooner affected person restoration occasions.
• Smarter Houses: AI-powered dwelling robots have gotten more and more widespread. They will carry out duties like cleansing flooring, mowing lawns, and even monitoring aged people for security considerations. The worldwide home robotic market is predicted to succeed in a staggering $32.2 billion by 2025 [Source: AI in Robotics: Exploring Emerging Trends and Future Prospects].

Future Tendencies: A Glimpse into the AI-powered Robotic Revolution

As AI and robotics proceed to evolve, we will count on much more transformative developments:

• Cobots: Rise of the Co-workers: Collaborative robots, or cobots, will turn into commonplace. These robots will work safely alongside people, helping with duties and automating repetitive processes. It will create a extra environment friendly and productive workforce.
• Enhanced Dexterity and Versatility: Robots with human-like agility and adaptableness are on the horizon. It will open doorways for robots to carry out duties presently restricted to people, like working in unstructured environments like catastrophe zones or search-and-rescue operations.
• Swarm Robotics: Think about swarms of tiny robots working collectively to realize a typical purpose. This idea, often called swarm robotics, has the potential to revolutionise fields like infrastructure inspection, agriculture, and environmental monitoring.

AI Robotics: Redefining Our World

The impression of AI robotics will likely be widespread, affecting each side of our lives. Right here’s a glimpse into what we will count on:

• Elevated Productiveness and Effectivity: AI robots will take over repetitive and harmful duties, releasing up human employees for extra artistic and strategic roles. It will doubtless result in elevated productiveness and financial development.
• Revolutionised Industries: From manufacturing and healthcare to logistics and agriculture, AI robots will remodel industries by automating duties, enhancing accuracy, and creating solely new prospects.
• Evolving Work Panorama: As AI robots deal with extra duties, the character of labor will change. We might even see an increase in new job roles targeted on creating, sustaining, and collaborating with AI-powered robots.

Challenges And Issues

Whereas the way forward for AI robotics is shiny, challenges have to be addressed:

• Job displacement: Issues exist about AI robots changing human employees. Nonetheless, consultants consider new jobs will likely be created within the AI and robotics sectors, requiring workforce retraining and reskilling.
• Moral issues: As robots turn into extra autonomous, moral issues relating to decision-making and potential biases in AI algorithms want cautious consideration.
• Security and Safety: It’s essential to make sure the security of people working alongside robots and the safety of AI programs from hacking makes an attempt.

The Street Forward

The way forward for AI robotics is brimming with prospects. By embracing this evolving know-how responsibly, we will unlock a future the place people and clever machines work collectively to create a greater, extra environment friendly world. As analysis and growth proceed at a speedy tempo, AI robotics holds the potential to revolutionise each facet of our lives, shaping a future that’s safer, more healthy, and extra affluent for all.

Conclusion

These AI in Robotics Statistics provided a glimpse into upcoming years when synthetic intelligence will likely be current in each section of our world. Integrating AI in each business is tough, contemplating the prices and expert personnel wanted accordingly. But, within the subsequent few years, greater than 50% of corporations will spend money on AI know-how to enhance their productiveness, income, and gross sales. Aligning robots with Synthetic intelligence will present improved outcomes. However absolutely, 2024 and past are technologically reworking years for everybody.

Associated Reads

Coolest Devices is reader-supported. If you purchase by way of hyperlinks […]

WHAT WE HAVE ON THIS PAGE1 Introduction2 Editor’s Choice3 […]

WHAT WE HAVE ON THIS PAGE1 Introduction2 Editor’s Choice3 […]