AI Robotics - Asia

The AI Robotics market in Asia is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising health awareness among consumers, and the convenience offered by online health services. The market's growth rate is impacted by the high demand for AI Service Robotics and AI Industrial Robotics, as they offer efficient and cost-effective solutions in various industries.

Customer preferences: The rise of AI and robotics in the Asian market has sparked a growing interest in smart home technology and automation. With the increasing adoption of connected devices and the Internet of Things, consumers are looking for more efficient and convenient ways to manage their homes. This trend is fueled by the fast-paced lifestyle and the desire for greater control and flexibility in daily routines. As a result, the demand for AI-powered home assistants and smart appliances is on the rise, catering to the diverse needs and preferences of Asian consumers.

Trends in the market: In Asia, the AI Robotics market is experiencing a shift towards collaborative robots, or cobots, which work alongside humans in manufacturing and other industries. This trend is driven by the need for increased efficiency and productivity, as well as the rising demand for safe and flexible automation solutions. With the rise of cobots, there is also a growing trend of human-robot collaboration, where robots learn from human workers and adapt to their tasks. This trend is expected to shape the future of work in Asia and have significant implications for industries such as manufacturing, logistics, and healthcare.

Local special circumstances: In China, the AI Robotics market is rapidly growing due to the country's strong manufacturing industry and government support for technological advancements. This has led to the development of advanced robots for industrial and commercial use, such as robotic arms for assembly lines and delivery robots for e-commerce. In Japan, the market is driven by the aging population and the need for caregiving robots, as well as the country's fascination with humanoid robots for entertainment and companionship. Additionally, strict regulations on data privacy and security have influenced the adoption of AI and robotics in both countries.

Underlying macroeconomic factors: The growth of the AI Robotics Market within the Artificial Intelligence Market is influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable regulatory environments and strong investment in AI technology are experiencing faster market growth compared to regions with regulatory challenges and limited funding for research and development. Additionally, the increasing adoption of automation and robotics in various industries, as well as the rising demand for advanced AI solutions, are driving the growth of the AI Robotics Market in Asian countries.

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.