AI Robotics - Central & Western Europe

The market size in the AI Robotics market is projected to reach US$2.77bn in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 24.52%, resulting in a market volume of US$10.32bn by 2030.
In global comparison, the largest market size will be United States (US$5.64bn in 2024).

Definition:

Artificial intelligence robotics refers to the field that combines artificial intelligence (AI) and robotics and aims to develop intelligent machines capable of performing tasks autonomously. These robots are equipped with AI algorithms and techniques that enable them to perceive, learn, reason, and make decisions in real time. By integrating AI into robotics, these intelligent machines can adapt to dynamic environments, interact with humans, and carry out complex tasks. These developments pave the way to a wide range of applications in areas such as manufacturing, healthcare, exploration, and assistance, with the goal of enhancing efficiency, productivity, and human-machine collaboration.

Structure:

The Artificial Intelligence (AI) Robotics market consists of two components. One of them is AI Service Robotics, which includes the development, manufacturing, and deployment of robotic systems designed for consumer-facing applications. The other one is AI Industrial Robotics, which encompasses the development, manufacturing, and deployment of autonomous machines and robotic systems for use in industrial settings, such as manufacturing plants, warehouses, and logistics operations.

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 (AI) Robotics companies. Key players of the market include companies such as Boston Dynamics, ABB, and Fanuc.

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Service robots such as social robots, cleaning robots
Industrial robots such as collaborative robots, automated guided vehicles

Non-artificial Intelligence applications of process automation, such as batch processing and scheduling, which do not involve machine learning or cognitive automation.

The AI Robotics market in Central & Western Europe is experiencing rapid growth due to the increasing adoption of digital technologies, rising awareness about the benefits of AI, and the convenience of online services. The market's substantial growth rate is also influenced by the development of AI Service and Industrial Robotics, which cater to different industries and consumer needs.

Customer preferences: Consumers in Central & Western Europe are increasingly embracing AI-powered robotics for household and industrial tasks. This trend is driven by the growing population of older adults who are seeking assistance with daily chores and healthcare support. Additionally, the rise of smart homes and smart cities has created a demand for robots with advanced capabilities such as voice recognition and autonomous navigation. Furthermore, the adoption of AI robotics is also influenced by cultural values that prioritize efficiency and innovation in daily life.

Trends in the market: In Central & Western Europe, the AI Robotics market is experiencing a surge in demand for collaborative robots, or "cobots", which are designed to work alongside humans in industrial and service settings. This trend is driven by the need for increased efficiency and flexibility in production processes, as well as the growing focus on workplace safety. Additionally, there is a rise in the use of AI-powered robots in the healthcare sector, with robots being utilized for tasks such as patient care and medication delivery. These developments have significant implications for industry stakeholders, as they have the potential to transform traditional work practices and create new opportunities in the market.

Local special circumstances: In Germany, the AI Robotics market is thriving thanks to the country's strong manufacturing industry and government initiatives promoting the adoption of automation and robotics in various sectors. The emphasis on precision and efficiency in German culture has also contributed to the growth of this market. In France, strict regulations on data privacy and security have influenced the development of AI and robotics solutions, as companies must ensure compliance with these laws. Additionally, the country's strong focus on research and development in the field of AI has led to a highly innovative and competitive market.

Underlying macroeconomic factors: The AI Robotics Market within the Artificial Intelligence Market in Central & Western Europe is heavily impacted 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 and robotics are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Furthermore, the increasing adoption of automation and the demand for advanced robotics in industries such as manufacturing, healthcare, and logistics are driving the growth of the market in the 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.

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 Robotics - Central & Western Europe

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AI Robotics - Central & Western Europe

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