AI Service Robotics - Taiwan | Statista Market Forecast

The market size in the AI Service Robotics market is projected to reach US$56.79m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 25.22%, resulting in a market volume of US$219.00m 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 Taiwan is experiencing rapid growth, fueled by the increasing adoption of artificial intelligence and robotics technologies. Rising demand for efficient and convenient services, coupled with elevated growth rates, is driving the market forward. Factors such as advancements in machine learning, increasing investments in research and development, and the growing need for automation in various industries are contributing to the impressive growth rate of this market.

Customer preferences: With the increasing aging population in Taiwan, there is a growing demand for AI service robotics in the healthcare industry. Consumers are now seeking robotic solutions to assist with tasks such as medication reminders, mobility assistance, and companionship for the elderly. This trend is also driven by the cultural value of filial piety, where children are expected to care for their aging parents. Additionally, the use of AI service robots in the healthcare sector is seen as a way to alleviate the shortage of healthcare workers in the country.

Trends in the market: In Taiwan, the AI Service Robotics Market is experiencing a surge in demand for autonomous delivery robots, especially in the logistics and e-commerce sectors. This trend is driven by the increasing need for contactless delivery solutions amidst the COVID-19 pandemic. Additionally, the government's initiatives to promote the use of AI and robotics in various industries are further propelling the growth of the market. This trend is likely to continue in the coming years, with potential implications for industry stakeholders such as increased efficiency, reduced labor costs, and improved customer experience.

Local special circumstances: In Taiwan, the AI Service Robotics Market is thriving due to the country's advanced manufacturing capabilities and its focus on technological innovation. Additionally, Taiwan's strong government support for AI development and its strategic location in the Asia-Pacific region contribute to its competitive advantage in this market. Furthermore, the country's cultural emphasis on precision and efficiency aligns well with the goals of AI service robotics, making it a favorable environment for market growth.

Underlying macroeconomic factors: The AI Service Robotics Market of the AI Robotics Market within the Artificial Intelligence Market is greatly impacted by macroeconomic factors in Taiwan. The country's strong economic growth and favorable government policies have created a supportive environment for the development and adoption of AI service robotics. Additionally, Taiwan's investment in research and development, particularly in the field of AI, has led to significant technological advancements, further fueling the growth of the market. Furthermore, the country's aging population and high demand for healthcare services have created a need for AI service robotics to assist with tasks such as caregiving and healthcare management, driving the market's growth.

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 - Taiwan

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