AI Robotics - Israel

The AI Robotics Market in Israel is experiencing substantial growth, fueled by factors such as increasing adoption of AI technologies, growing awareness of the benefits of AI in the healthcare sector, and the convenience offered by online health services. The market is also being driven by the growth of sub-markets such as AI Service Robotics and AI Industrial Robotics. This rapid growth can be attributed to the country's strong focus on technological innovation and its supportive ecosystem for AI development.

Customer preferences: As AI robotics technology continues to advance in Israel, there is a growing trend towards personalized and efficient solutions for consumers. This is reflected in the increased demand for AI-powered virtual assistants, chatbots, and self-driving cars. Moreover, Israeli consumers are increasingly interested in using AI to enhance their daily lives, from smart home systems to personalized shopping experiences. This shift towards AI-driven convenience and personalization is driven by the country's tech-savvy and innovation-driven culture.

Trends in the market: In Israel, the AI Robotics market is experiencing a surge in the adoption of autonomous machines for various industries, such as healthcare, agriculture, and manufacturing. This trend is driven by the country's strong technological innovation ecosystem and government support for AI research and development. As a result, there is a growing demand for AI-powered robots that can perform complex tasks with minimal human intervention, leading to increased efficiency and cost savings. This trajectory is significant for industry stakeholders as it offers opportunities for partnerships and collaborations to further advance AI robotics technology. Additionally, the rise of AI robotics in Israel has the potential to disrupt traditional job markets, leading to a shift in the skills and expertise required for future job roles.

Local special circumstances: In Israel, the AI Robotics market is thriving due to the country's strong technological infrastructure and its reputation as the "Startup Nation." The government's support for innovation and research has also played a significant role in the growth of the market. Additionally, Israel's close partnerships and collaborations with leading global companies have helped establish it as a hub for AI and robotics development. Furthermore, the country's small size and diverse demographics have allowed for quick and efficient testing and implementation of AI technologies in various industries, including healthcare and agriculture.

Underlying macroeconomic factors: The AI Robotics market in Israel is heavily impacted by macroeconomic factors such as government policies and investments, technological advancements, and global economic trends. Israel has a strong tech industry and a supportive regulatory environment, leading to a favorable market for AI robotics. Additionally, the country's strong economy and investments in research and development also contribute to the growth of the AI robotics market. Moreover, the increasing demand for automation and efficiency in industries such as manufacturing, healthcare, and defense are also driving the growth of the AI robotics market in Israel.

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.