AI Industrial Robotics - New Zealand

The AI Industrial Robotics market in New Zealand is experiencing substantial growth, driven by the increasing adoption of AI technologies, rising awareness of the benefits of AI in industrial settings, and the convenience offered by automated robotics. The market's growth rate can be attributed to the strong demand for more efficient and cost-effective manufacturing processes.

Customer preferences: In New Zealand, the AI Industrial Robotics Market of the AI Robotics Market within the Artificial Intelligence Market is witnessing a growing demand for automation solutions in the manufacturing and automotive industries. This trend is driven by the need for increased efficiency and cost-effectiveness, as well as the shortage of skilled labor in these sectors. Additionally, there is a growing interest in collaborative robots (cobots) that can work alongside humans, highlighting a shift towards human-robot collaboration in the workplace.

Trends in the market: In New Zealand, the AI Industrial Robotics Market within the Artificial Intelligence Market is experiencing a rise in the use of cobots (collaborative robots) that can work alongside humans in manufacturing and production. This trend is significant as it enables smaller companies to adopt automation technology without major investments, increasing efficiency and productivity. Additionally, the use of AI in predictive maintenance is gaining popularity, allowing companies to reduce downtime and costs. These trends have implications for industry stakeholders, such as increased competition and the need for upskilling to stay relevant in a rapidly evolving market.

Local special circumstances: In New Zealand, the AI Industrial Robotics Market is driven by the country's strong focus on innovation and technology. With a small population and a highly skilled workforce, New Zealand is a prime location for companies to develop and test AI robotics solutions. Additionally, the country's strict regulations on workplace safety and environmental sustainability have led to the development of highly advanced and efficient AI industrial robots. The unique combination of a supportive government, a skilled workforce, and strict regulations make New Zealand a highly attractive market for AI industrial robotics.

Underlying macroeconomic factors: The growth of the AI Industrial Robotics market in New Zealand is also influenced by macroeconomic factors such as technological advancements, regulatory support, and investment in industrial infrastructure. The country's strong commitment to innovation and its favorable regulatory environment have created a conducive ecosystem for the development and adoption of AI and robotics technologies. Additionally, New Zealand's stable economic growth and investments in advanced manufacturing capabilities have further propelled the demand for AI industrial robotics in the country. Moreover, the increasing focus on automation and efficiency in industries, coupled with the rising labor costs, is driving the adoption of AI industrial robotics in New Zealand.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.