AI Service Robotics - New Zealand

The market size in the AI Service Robotics market is projected to reach US$45.73m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 24.84%, resulting in a market volume of US$173.10m 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 New Zealand is witnessing substantial growth, fueled by the increasing use of AI technologies, growing health consciousness among individuals, and the convenience of online healthcare services. These factors are driving the market growth at a significant rate.

Customer preferences: With the rise of automation and artificial intelligence, there has been a growing demand for AI service robots in New Zealand. This trend is driven by a desire for more efficient and cost-effective solutions in industries such as healthcare, hospitality, and retail. Additionally, the aging population in New Zealand has also contributed to the demand for service robots, as they can assist with tasks and improve the quality of life for older adults. Furthermore, the pandemic has highlighted the need for contactless and remote services, making AI service robots a valuable asset for businesses and consumers alike.

Trends in the market: In New Zealand, there is a growing demand for AI service robotics in various industries, including healthcare, retail, and agriculture. With the increasing adoption of automation and AI technologies, there is a trend towards more advanced and sophisticated robots that can perform complex tasks. This trend is expected to continue, with a focus on developing AI service robots that can collaborate and interact with humans in a more natural and intuitive manner. This has significant implications for industry stakeholders, as it can improve efficiency and productivity while also reducing costs. Additionally, there is potential for AI service robots to play a key role in addressing labor shortages in certain industries.

Local special circumstances: In New Zealand, the AI Service Robotics Market is influenced by the country's strong focus on sustainability and environmental consciousness. This has led to a growing demand for AI-powered robots that can assist with tasks such as waste management and energy efficiency. Additionally, New Zealand's small and isolated population has led to a unique market for AI-powered service robots in areas such as elder care and education where there is a shortage of human workers. The country's strict regulations and emphasis on ethical AI development also play a significant role in shaping the AI Service Robotics Market in New Zealand.

Underlying macroeconomic factors: The growth of the AI Service Robotics market in New Zealand is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. With a strong focus on innovation and a thriving tech industry, New Zealand offers a favorable regulatory environment for the development and adoption of AI service robotics. The country's healthy economy, stable political climate, and strategic geographic location also make it an attractive market for AI robotics companies. Furthermore, the growing elderly population in New Zealand is creating a demand for advanced robotic solutions to support and improve the quality of life for older adults.

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 - New Zealand

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