AI Service Robotics - Morocco | Statista Market Forecast

The market size in the AI Service Robotics market is projected to reach US$4.03m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 25.78%, resulting in a market volume of US$15.95m 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 Morocco is witnessing significant growth, driven by factors such as the increasing adoption of AI technologies, growing awareness about healthcare, and the convenience of online services. This growth rate is being impacted by the country's focus on advancing its AI capabilities and the rising demand for innovative healthcare solutions.

Customer preferences: In Morocco, the AI Service Robotics Market is experiencing a rise in demand for advanced AI-powered robots in the healthcare sector. This is driven by the growing need for remote healthcare solutions, as well as a shift towards personalized and efficient care. Additionally, the market is witnessing an increase in the adoption of AI-powered robots for household chores, as consumers look for convenient and time-saving solutions to manage their daily tasks. This trend is influenced by the country's fast-paced lifestyle and increasing urbanization.

Trends in the market: In Morocco, the AI Service Robotics Market is experiencing a surge in demand for autonomous delivery robots, particularly in the e-commerce and logistics sectors. This trend is expected to continue as companies look for ways to streamline their operations and reduce costs. Additionally, there is a growing interest in using AI-powered robots in healthcare settings, such as hospitals and elderly care facilities, to assist with patient care and tasks like disinfection. These developments have significant implications for industry stakeholders, including the potential for increased efficiency and productivity, as well as the need for regulations to ensure ethical and responsible use of AI in robotics.

Local special circumstances: In Morocco, the AI Service Robotics Market has seen significant growth due to the country's focus on developing its technology sector and promoting innovation through government initiatives. The market is also driven by the increasing demand for automation and efficiency in industries such as manufacturing and healthcare. Additionally, Morocco's strategic location and strong ties with Europe make it a favorable market for AI service robotics, with companies using the country as a base for expanding into the European market.

Underlying macroeconomic factors: The AI Service Robotics Market in Morocco is influenced by macroeconomic factors such as government initiatives to promote the adoption of artificial intelligence and robotics, technological advancements, and investment in research and development. Additionally, the country's growing economy and increasing disposable income are driving the demand for AI service robots in various sectors, including healthcare, manufacturing, and retail. Furthermore, the rising adoption of automation and the need for efficient and cost-effective solutions are expected to further propel market growth in the coming years.

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 - Morocco

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