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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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
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
The AI Service Robotics Market in the United States is experiencing considerable growth, driven by factors such as increasing demand for AI technologies, growing awareness of the benefits of AI in healthcare, and the convenience of online robotics services. This growth can be attributed to the rapid advancements in AI technology and the increasing adoption of AI robotics in various industries.
Customer preferences: As the AI Service Robotics Market continues to grow within the Artificial Intelligence Market, there has been a notable increase in demand for AI-powered household and personal care robots. This trend is driven by the growing preference for convenience and efficiency, particularly among busy urban consumers. Additionally, the aging population in the United States has also contributed to the rise in demand for AI service robots, as they provide assistance with daily tasks and address the issue of caregiver shortages in certain areas.
Trends in the market: In the United States, the AI Service Robotics Market of the AI Robotics Market within the Artificial Intelligence Market is experiencing a surge in the adoption of autonomous robots in various industries. These robots are equipped with advanced AI capabilities, allowing them to perform complex tasks with high precision and efficiency. Additionally, there is a growing trend of using AI-powered chatbots for customer service, reducing the need for human interaction. This trend is expected to continue as companies seek to improve their operations and customer experiences while reducing costs. Furthermore, the increasing use of AI in service robotics is leading to a shift towards a more data-driven approach, allowing for better decision-making and predictive maintenance. Such developments are likely to have a significant impact on the overall growth and competitiveness of the market, making it crucial for industry stakeholders to stay updated and adapt to these emerging trends.
Local special circumstances: In the United States, the AI Service Robotics Market is heavily influenced by the country's advanced technology infrastructure and high adoption rate of artificial intelligence. Additionally, the market is shaped by the strong presence of major players in the tech industry. The regulatory environment, including policies on data privacy and security, also plays a significant role in the development and adoption of AI service robotics in the US.
Underlying macroeconomic factors: The growth of the AI Service Robotics market in the United States is heavily impacted by macroeconomic factors such as technological advancements, government support, and investment in research and development. The US has a strong regulatory environment and robust funding for AI technologies, leading to faster market growth compared to other countries. Additionally, the country's large aging population and high prevalence of chronic diseases are driving the demand for AI service robotics to improve healthcare access and outcomes.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Mar 2024
Source: Statista Market Insights
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.
Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights