AI Robotics - APAC

The AI Robotics market in APAC is witnessing remarkable growth due to factors like increasing adoption of digital technologies, growing health awareness, and the convenience of online health services. The significant growth rate can be attributed to advancements in AI technology and its adoption in both service and industrial robotics. Factors like government initiatives, increasing demand for automation, and advancements in healthcare are also driving the market's growth.

Customer preferences: As the AI Robotics Market continues to grow in APAC, there is a noticeable trend towards the integration of robotics and artificial intelligence in various industries, such as healthcare, manufacturing, and logistics. This shift is driven by the need for increased efficiency, productivity, and cost-effectiveness. Additionally, with the rising elderly population in the region, there is a growing demand for AI-powered robots to assist with tasks and provide companionship, showcasing a cultural preference for technology-based solutions.

Trends in the market: In APAC, the AI Robotics market is seeing a surge in demand for collaborative robots, also known as cobots, due to their ability to work alongside humans in manufacturing and logistics. This trend is driven by the need for efficient and flexible automation solutions in industries such as automotive and electronics. Additionally, there is a growing trend towards using AI-powered robots for tasks such as inspection, quality control, and predictive maintenance, which can improve productivity and reduce costs for businesses. As these trends continue to evolve, they have significant implications for industry stakeholders, including increased adoption of robotics and AI technologies, potential job displacement, and the need for upskilling and reskilling of the workforce.

Local special circumstances: In China, the AI Robotics Market is rapidly growing thanks to the country's strong manufacturing capabilities and government support for technological innovation. Additionally, the Chinese market has a strong demand for automation and labor-saving solutions due to its large population and aging workforce. In Japan, the market is driven by the country's focus on precision and efficiency, leading to the development of advanced robotics and AI systems for industries such as healthcare and manufacturing. These unique local factors have a significant impact on the growth and adoption of AI Robotics in the APAC region.

Underlying macroeconomic factors: The growth of the AI Robotics Market within the Artificial Intelligence Market is also influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in research and development. Countries with supportive policies and significant investments in AI and robotics are experiencing rapid market growth. Additionally, the rise of digitalization and automation in various industries, coupled with the increasing demand for efficient and cost-effective solutions, is driving the adoption of AI robotics in the APAC region. Furthermore, the growing awareness and acceptance of AI and robotics in various applications, such as manufacturing, healthcare, and transportation, are boosting market growth in this region.

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.