AI in Robotics Statistics 2024 By Market Size and Facts

Introduction

AI in Robotics Statistics: We have already known about robotics technology in the last few decades, but recently introduced artificial intelligence is making it more advanced. Using AI-powered robots in manufacturing industries is going to increase overall productivity and efficiency. AI or Artificial Intelligence associated with industry automation is definitely going to change the world.

Moreover,  as stated, these  AI in Robotics Statistics AI-based Robots will reduce the worldwide economic cost by more than 50%. This will aid in stabilising the economies. However, there are some drawbacks to technology that are yet to be addressed. Considering some positive aspects, let’s look at the AI Robotic Industry by numbers.

Editor’s Choice

• According to a McKinsey report, industrial companies plan to invest 25% of their capital in automation within the next five years. 
• By Robot type, compared to service robots, industrial robots are expected to generate the highest revenue, resulting in $6,658.2 million and $10,430.3 million, respectively. 
•  AI in Robotics Statistics shows that, by 2030, AI and robotics are estimated to contribute $15.7 trillion toward the worldwide economy. 
• As of 2023, the machine learning segment was the largest contributor to market share, with 34.98% in the technology segment. 
• It is estimated that revenue generated by AI robotics in environmental monitoring will amount to $79.9 million by 2025.
• The global AI industrial robotics market is projected to be valued at $10.72 billion by 2024.
• AI in Robotics Statistics shows that in 2023, the industrial robots market share around the world was the largest, contributing 60.51%. The service robots segment showed a 39.49% market share. 
• AI and robotics-related activities are anticipated to make up 26% of the global GDP source in 2030.
• In the global comparison, the United States of America is expected to generate the highest revenue, contributing $3,282 million in 2024 in the AI Industrial Robotics Market.
• Between 2023 and 2034, the Asia Pacific region is forecast to grow at a CAGR of 21.9% in the AI Robotics segment.

General AI In Robotics Statistics

• According to AI in Robotics Statistics, AI-based robotics technology will create more than 12.5 million jobs worldwide.
• It is estimated that by 2025, AI-based retail robots will save 1.2 billion labour hours annually. 
•  AI in Robotics Statistics shows that, by 2030, AI and robotics are estimated to contribute $15.7 trillion toward the worldwide economy. 
• By 2030, AI-powered autonomous vehicles are expected to reduce the cost of transportation by 25%.
• AI and robotics-related activities are anticipated to make up 26% of the global GDP source in 2030.
• In 2023, North America captured the highest revenue share, contributing 33.12%.
• The industrial AI robots segment generated 60% plus revenue in the previous year.
• As of 2023, the machine learning segment was the largest contributor to market share, with 34.98% in the technology segment. 
• Between 2023 and 2034, the Asia Pacific region is forecast to grow at a CAGR of 21.9% in the AI Robotics segment. 
• In 2023, the cloud segment by deployment mode captured the highest market share with 53.86%.
• In addition, the on-premises segment by deployment mode is estimated to grow at a CAGR of 21.4% between 2023 and 2032.
•  AI in Robotics Statistics shows that the service robots segment by type is the fastest-growing market, with a 21.6% growth rate in the forecast period.
• By Robot type, compared to service robots, industrial robots are expected to generate the highest revenue, resulting in $6,658.2 million and $10,430.3 million, respectively. 
• Furthermore, in 2024, the market revenue by offering products segment in the Artificial Intelligence Robots market is as follows: software ($6,430.6 million), Services ($6,638.1 million), and Hardware ($6,638.1 million).
• According to a McKinsey report, industrial companies plan to invest 25% of their capital in automation within the next five years.

By Industry

• The global defence industry based on AI and robotics is estimated to be valued at $61 billion by 2027.
• In addition, by next year, it is estimated that AI robotics in agriculture will reach $703.4 million.
• In 2024, the healthcare industry is forecasted to be the second largest industry in the Artificial intelligence Robotics market, with a 19% share. 
• AI in Robotics Statistics for Logistics estimates that, by 2025, the market will reach $40.9 billion.
• It is estimated that revenue generated by AI robotics in environmental monitoring will amount to $79.9 million by 2025.

By Robot Type

(Reference: precedenceresearch.com)

AI in Robotics Statistics shows that in 2023, the industrial robots market share around the world was the largest, contributing 60.51%. The service robots segment showed a 39.49% market share.

By Technology

(Source: precedenceresearch.com)

According to a report by Precedence Research 2023, in 2024, content awareness by technology type in the AI Robotics segment is estimated to generate more revenue as compared to other AI-based technologies, such as computer vision, machine learning, and natural language processing.

Worldwide AI Robots Market Growth

(Reference: statista.com)

AI in Robotics Statistics forecast worldwide, the highest growth was experienced in 2023, with 60.23%. In addition, in the current year, it is expected to grow up to 26.4%. However, in the coming years, the growth will be declining and is expected to reach merely 4.53% by 2030.

AI Industrial Robotics By Region

Worldwide

• The global AI industrial robotics market is projected to be valued at $10.72 billion by 2024.
• In the global comparison, the United States of America is expected to generate the highest revenue, contributing $3,282 million in 2024.
• Furthermore, between 2024 and 2030, the worldwide AI Industrial Robotics market is expected to grow at a CAGR of 11.54%, reaching $20.64 billion by 2030.

Asia

• The Asian AI industrial robotics market is currently valued at $3.61 billion.
• Compared to 2023, in 2024, the market size change is expected to be 31.94%.
• The market volume is estimated to grow at a CAGR of 12.25% by 2030, reaching $6.32 billion.

Africa

• The African market is expected to show a market size change of 33.64% in 2024.
• It is estimated that between 2024 and 2030, it will grow at a CAGR of 12.45%, reaching $504.10 million by the projected year.
• Currently, it is valued at $249.30 million.

Australia And Oceania

• In 2024, the Australia and Oceania market is expected to reach $252.80 million.
• Compared to 2023, in the current year, the market size change is expected to be 33.97%.
• The AI industrial robotics market is expected to grow at a CAGR of 12.36% between 2024 and 2030, reaching $508.80 million by the forecasted period.

Americas

• Between 2024 and 2030, the American AI Industrial Robotics market is expected to grow at a CAGR of 10.90%, reaching $7.31 billion by the forecast year.
• Furthermore, it is expected to reach $3.93 billion in 2024.
• In 2024, the market size change is projected at 22.03%.

Europe

• The European AI industrial Robotics market is expected to reach $3.13 billion in the current year. 
• Between 2024 and 2030, it is estimated that 11.46% will be the annual growth rate, reaching $6.00 billion by 2030.
• In the current year, the market size change is expected to be 25.47%

AI Robotics By Region

Worldwide

• Currently, the global AI Robotics market is estimated to be valued at $19.01 billion.
• Furthermore, it is estimated that between 2024 and 2030, it will grow at a CAGR of 11.63%, reaching $36.78 billion by the forecast year. 
• In the global comparison, the USA is expected to become the largest market by size, resulting in $6,295 million in 2024.
• In 2024, the market size change is expected to be 26.40%.

Americas

• According to AI in Robotics Statistics, the American AI Robotics market is expected to reach $7.48 billion in the current year.
• It will grow at an annual rate of 10.97% between 2024 and 2030, reaching $13.97 billion by 2030.
• In 2024, the expected market size change is 22.18%.

Asia

• The Asian AI Robotics market is estimated to reach $5.36 billion in the current year.
• Between 2024 and 2030, the market volume is expected to grow at a CAGR of 12.40%, reaching $10.81 billion by the forecasted year.
• In 2024, market size change is expected to be 32.55%.

Africa

• The African AI Robotics market is expected to reach $921.60 million by 2030.
• Between 2024 and 2030, it will grow at a CAGR of 12.55%, reaching $921.
• Currently, the market is estimated to reach $453.50 million.
• In addition, the expected market size change is 33.53%.

Europe

• The European AI robotics market is expected to reach $5.24 billion in 2024.
• Between 2024 and 2030, the annual growth rate for market size is expected to be 11.56%, reaching $10.10. Billion by 2030.
• The market size change in 2024 is 25.39%.

Australia And Oceania

• AI in Robotics Statistics 2024 shows that the Australia and Oceania market is estimated to be valued at $482.70 million in the mentioned period.
• It will grow at a CAGR of 12.38% between 2024 and 2030, reaching $972.20 million by the forecast period.
• The market size change is expected to be 34.15% in 2024.

AI Service Robotics By Region

Worldwide

• The global AI Service Robotics is currently valued at $8.29 billion.
• The global comparison of  AI in Robotics Statistics shows that, in 2024, the USA will be the largest market by size, resulting in $3,013 million.
• The market size is estimated to grow at an annual rate of 11.74% between 2024 and 2030, reaching 16.12% by the forecast period.

Asia

• The Asian AI Service robots are estimated to reach $2.20 billion in 2024.
• As of 2024, the market size change is expected to be 33.44%
• Between 2024 and 2030, it will grow at a CAGR of 12.63%, contributing $4.49 billion by 2030.

Africa

• Similarly, the African region is estimated to amount to $204.30 million in 2024.
• Furthermore, by 2030, it is expected to show an annual growth rate of 12.65%, reaching $417.50 million by 2030.
• The change in the market size in 2024 compared to 2023 is 33.39%.

Australia And Oceania

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

Americas

• According to  AI in Robotics Statistics by Service, the market is currently valued at $3.55 billion.
• Furthermore, it is estimated that by 2030, it will grow at a CAGR of 11.06%, contributing $6.66 billion. 
• 22.35% is the current market size change in the USA for AI Service Robotics.

Europe

• As of 2024,  AI in Robotics Statistics shows that the European AI service robotics market is valued at $2.11 billion. 
• Furthermore, it will grow at an annual growth rate of 11.75%, with an expected volume to reach $4.11 billion by 2030.
• In 2024, the change in market size is projected to be 25.27%.

Worldwide AI Robotic Market Size

(Reference: statista.com)

The above chart shows the improving growth in the market size year on year. According to Statista, by 2030, the AI robotic market size is expected to reach $36.78 billion. Currently, in 2024, it is valued at $19.01 billion.

By Market Size Share By Industry

(Reference: statista.com)

According to a report by Statista, the worldwide market size of AI Robotics was the largest for the manufacturing industry, contributing 65.02% in 2022. Other industries took respective places with the following market shares: transportation (16.01%) and security (7.76%), retail (4.85%), healthcare (4.20%), energy (1.02%), and others (0.93%).

By Region

(Reference: precedenceresearch.com)

According to AI in Robotics Statistics 2023, North America had the highest market share, contributing 33.12%. Furthermore, Europe and Asia Pacific represented 28.84% and 25.29%, respectively. Latin America, the Middle East, and Africa share 7.99% and 4.76% each.

AI Robotics Market Size Change Between 2021 And 2030

(Source: statista.com)

AI and Robotics: A Powerful Duo Shaping Our Future

Imagine a world where robots aren’t just clunky machines on factory floors but intelligent assistants working alongside us in homes, hospitals, and even on farms. Thanks to the marriage of artificial intelligence (AI) and robotics, this future is rapidly becoming a reality. Let’s delve into how AI is transforming robots and the exciting trends that will reshape our world in the coming years.

The Power of AI In Robotics

Traditionally, robots were programmed for specific tasks, making them inflexible and unable to adapt to changing environments. AI injects intelligence into robots by enabling them to:

• Perceive their surroundings: AI algorithms help robots “see” the world through sensors and cameras. They can identify objects, understand their surroundings, and navigate complex spaces.
• Learn and adapt: Machine learning allows robots to learn from experience. By analysing data, they can improve their performance over time and adjust their actions to new situations.
• Make decisions: AI empowers robots to make basic decisions without constant human intervention. This frees up human workers for more complex tasks and improves overall efficiency.

Current Impact of AI Robotics

The synergy between AI and robotics is already making waves across industries. Here are some real-world examples:

• Industrial Revolution 2.0: Manufacturing is a prime beneficiary. AI-powered robots can handle intricate tasks like delicate assembly or customised product creation, boosting productivity and reducing errors. A 2023 McKinsey report estimates that AI could generate $3 trillion to $5 trillion in value for the global manufacturing sector by 2030.
• Surgical precision: AI-assisted surgical robots are transforming healthcare. They provide surgeons with better mastery and control, leading to minimally invasive procedures and faster patient recovery times.
• Smarter Homes: AI-powered home robots are becoming increasingly common. They can perform tasks like cleaning floors, mowing lawns, and even monitoring elderly individuals for safety concerns. The global domestic robot market is expected to reach a staggering $32.2 billion by 2025 [Source: AI in Robotics: Exploring Emerging Trends and Future Prospects].

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

As AI and robotics continue to evolve, we can expect even more transformative advancements:

• Cobots: Rise of the Co-workers: Collaborative robots, or cobots, will become commonplace. These robots will work safely alongside humans, assisting with tasks and automating repetitive processes. This will create a more efficient and productive workforce.
• Enhanced Dexterity and Versatility: Robots with human-like agility and adaptability are on the horizon. This will open doors for robots to perform tasks currently limited to humans, like working in unstructured environments like disaster zones or search-and-rescue operations.
• Swarm Robotics: Imagine swarms of tiny robots working together to achieve a common goal. This concept, known as swarm robotics, has the potential to revolutionise fields like infrastructure inspection, agriculture, and environmental monitoring.

AI Robotics: Redefining Our World

The impact of AI robotics will be widespread, affecting every facet of our lives. Here’s a glimpse into what we can expect:

• Increased Productivity and Efficiency: AI robots will take over repetitive and dangerous tasks, freeing up human workers for more creative and strategic roles. This will likely lead to increased productivity and economic growth.
• Revolutionised Industries: From manufacturing and healthcare to logistics and agriculture, AI robots will transform industries by automating tasks, improving accuracy, and creating entirely new possibilities.
• Evolving Work Landscape: As AI robots handle more tasks, the nature of work will change. We may see a rise in new job roles focused on developing, maintaining, and collaborating with AI-powered robots.

Challenges And Considerations

While the future of AI robotics is bright, challenges need to be addressed:

• Job displacement: Concerns exist about AI robots replacing human workers. However, experts believe new jobs will be created in the AI and robotics sectors, requiring workforce retraining and reskilling.
• Ethical considerations: As robots become more autonomous, ethical considerations regarding decision-making and potential biases in AI algorithms need careful attention.
• Safety and Security: It is crucial to ensure the safety of humans working alongside robots and the security of AI systems from hacking attempts.

The Road Ahead

The future of AI robotics is brimming with possibilities. By embracing this evolving technology responsibly, we can unlock a future where humans and intelligent machines work together to create a better, more efficient world. As research and development continue at a rapid pace, AI robotics holds the potential to revolutionise every aspect of our lives, shaping a future that is safer, healthier, and more prosperous for all.

Conclusion

These AI in Robotics Statistics offered a glimpse into upcoming years when artificial intelligence will be present in every segment of our world. Integrating AI in every industry is difficult, considering the costs and skilled personnel needed accordingly. Yet, in the next few years, more than 50% of companies will invest in AI technology to improve their productivity, revenue, and sales. Aligning robots with Artificial intelligence will provide improved results. But surely, 2024 and beyond are technologically transforming years for everyone.

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