AI Service Robotics - Eastern Asia

The market size in the AI Service Robotics market is projected to reach US$1.45bn in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 26.00%, resulting in a market volume of US$5.81bn 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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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.

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.

The AI Service Robotics Market in Eastern Asia is experiencing significant growth due to the increasing adoption of AI technologies, rising health awareness among consumers, and the convenience of online services. This growth is driven by various factors, such as the region's strong focus on technological advancements and the growing demand for AI solutions in the healthcare sector. The market's growth rate is expected to remain significant in the coming years, fueled by the increasing demand for AI service robots in different industries and the government's initiatives to promote AI adoption.

Customer preferences: The demand for AI service robotics in Eastern Asia is rising due to the region's growing aging population and preference for advanced technology. As a result, there is a shift towards AI-powered eldercare solutions and home assistance robots. Additionally, the increasing adoption of smart home devices and virtual assistants reflects a cultural acceptance of AI technology in daily life. This trend is driven by the need for convenience and efficiency, as well as the desire for personalized and seamless experiences.

Trends in the market: In Eastern Asia, the AI Service Robotics Market is experiencing a surge in demand due to increasing adoption of AI technology in various industries. In China, there is a growing trend of using service robots in retail and hospitality sectors, while in Japan, there is a rise in the use of AI-powered robots in healthcare. These trends highlight the significant role of AI service robotics in improving efficiency and customer experience. For industry stakeholders, this presents opportunities for growth and innovation, but also the need to closely monitor and adapt to evolving market trends to stay competitive.

Local special circumstances: In Eastern Asia, the AI Service Robotics Market is heavily influenced by the region's advanced manufacturing capabilities and high demand for automation in industries such as automotive, electronics, and healthcare. The cultural emphasis on efficiency and precision also drives the adoption of AI robotics in business operations. Furthermore, government initiatives promoting the development and use of AI technology have created a favorable environment for the growth of the market. However, the strict regulatory landscape in countries like China and Japan can pose challenges for foreign companies entering the market.

Underlying macroeconomic factors: The growth of the AI Service Robotics market is also influenced by macroeconomic factors such as technological advancements, government initiatives, 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. Additionally, the increasing demand for automation and the rising adoption of AI in various industries are driving the growth of the AI Service Robotics market in Eastern Asia.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.

Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.

AI Service Robotics - Eastern Asia

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AI Service Robotics - Eastern Asia

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