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AI Service Robotics - Belgium

Belgium
  • The market size in the AI Service Robotics market is projected to reach US$59.85m in 2024.
  • The market size is expected to show an annual growth rate (CAGR 2024-2030) of 25.05%, resulting in a market volume of US$228.80m by 2030.
  • In global comparison, the largest market size will be United States (US$2.70bn in 2024).

Definition :
Artificial intelligence service robotics is a branch of robotics that focuses on developing robots with artificial intelligence (AI) capabilities to serve and assist humans. These robots are designed to interact and communicate with users, understand their needs, and perform tasks or provide information autonomously. By combining AI algorithms, natural language processing, computer vision, and other AI techniques, AI service robots can carry out tasks in the areas of customer support, personal assistance, healthcare monitoring, and home automation, which lead to improved convenience, efficiency, and quality of life for individuals.

Additional Information:

The market comprises two key performance indicators: market sizes and market sizes by industry. Market sizes are generated by the funding amount of Artificial Intelligence Service Robotics companies and market revenue data from the Statista robotics market. Key players of the market include companies such as SoftBank Robotics, iRobot, and Boston Dynamics.

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In-Scope

  • Social robots designed for providing companionship and support to individuals, such as PARO, a therapeutic robot designed to comfort patients with dementia, and Buddy, a social robot designed to assist with tasks and provide entertainment
  • Cleaning robots designed for use in households and commercial settings, such as iRobot's Roomba and Ecovacs' Deebot
  • Delivery robots designed for autonomous transportation of goods and packages, such as Starship Technologies' delivery robots and Nuro's autonomous delivery vehicles.

Out-Of-Scope

  • Military robots used for reconnaissance or combat, such as drones used for airstrikes and ground robots used for explosive ordnance disposal
  • Industrial robots used for manufacturing and logistics operations, such as robotic arms used in assembly lines and automated guided vehicles (AGVs) used in warehouses
  • Medical robots used for surgical procedures or medical diagnosis, such as da Vinci surgical robots and MRI-guided robotic systems.
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Study Details

    Value

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Market Size

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The AI Service Robotics Market in Belgium has been experiencing substantial growth, driven by factors such as increasing adoption of AI technologies, growing awareness of the benefits of AI in healthcare, and the convenience of AI-powered online services. This trend is expected to continue as the demand for AI robotics in the Belgian artificial intelligence market continues to rise.

    Customer preferences:
    With the rise of smart home technology, consumers in Belgium are increasingly looking for AI service robotics solutions that can assist with household tasks and provide personalized assistance. This trend is driven by the growing aging population and the need for innovative solutions to support independent living. Additionally, the integration of AI technology in service robots is enhancing their capabilities and making them more efficient and user-friendly, further driving consumer demand.

    Trends in the market:
    In Belgium, there is a growing demand for AI service robotics in various industries such as healthcare, retail, and manufacturing. This is driven by the increasing adoption of automation and advanced technologies to improve efficiency and reduce human error. Additionally, there is a rising trend of using AI-powered chatbots and virtual assistants for customer service and support. This trajectory is expected to continue as companies seek to enhance their operations and customer experience. Industry stakeholders should closely monitor these trends and invest in AI service robotics to stay competitive in the market.

    Local special circumstances:
    In Belgium, the AI Service Robotics Market within the Artificial Intelligence Market is heavily influenced by the country's strong focus on innovation and technology. The government has implemented policies to support the development of AI and robotics, leading to a thriving market for service robots in various industries such as healthcare, manufacturing, and logistics. Additionally, the country's highly skilled workforce and favorable business environment have attracted major players in the AI robotics market, driving further growth. However, strict regulations around data privacy and ethical AI may pose challenges for companies operating in this market.

    Underlying macroeconomic factors:
    The AI Service Robotics Market within the Artificial Intelligence Market in Belgium is influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable regulatory environments and strong investment in AI technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Moreover, the increasing adoption of AI in various industries, such as healthcare and manufacturing, is driving the demand for service robotics in Belgium. Additionally, the country's stable economic growth and favorable business climate are contributing to the growth of the AI Service Robotics Market in Belgium.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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