AI Robotics - MENA | Statista Market Forecast

The market size in the AI Robotics market is projected to reach US$417.50m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 24.91%, resulting in a market volume of US$1.59bn 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 the MENA region is witnessing rapid growth due to factors such as increasing adoption of digital technologies, rising demand for AI-powered robotics in service and industrial sectors, and the convenience offered by these advanced machines. This substantial growth rate is driven by the rising demand for automation and efficiency in various industries.

Customer preferences: Consumers in the MENA region are showing a growing interest in AI-powered robotics for household tasks, such as cleaning and cooking. This trend is driven by an increasing number of dual-income households and a desire for convenience and efficiency in daily tasks. Additionally, cultural norms, such as the importance placed on hospitality and hosting, are also driving the demand for AI-powered robotic assistants for household tasks.

Trends in the market: In MENA, the AI Robotics market is experiencing a surge in demand for automated solutions in industries such as manufacturing, logistics, and healthcare. This trend is driven by the region's increasing focus on digitization and automation to improve efficiency and reduce costs. Additionally, the use of AI-powered robots is expected to enhance workplace safety and productivity. With the advancement of technology and growing investments in AI, the market is projected to witness significant growth in the coming years, presenting opportunities for stakeholders in the industry to capitalize on this trend.

Local special circumstances: In the MENA region, the AI Robotics market is experiencing significant growth due to the high demand for automation in industries such as manufacturing, healthcare, and transportation. This is driven by the region's rapidly growing population and increasing urbanization. Additionally, the region's strong focus on innovation and investment in emerging technologies is fueling the development of AI Robotics solutions. However, the market is also facing challenges such as limited access to skilled labor and regulatory barriers, which vary across different countries in the region. For example, in Saudi Arabia, the government has implemented regulations to promote the adoption of AI and robotics in industries, while in Egypt, there are concerns about job displacement and ethical considerations surrounding AI technology. These local factors greatly influence the growth and adoption of AI Robotics in the MENA region, making it a unique market within the larger Artificial Intelligence industry.

Underlying macroeconomic factors: The AI Robotics Market within the Artificial Intelligence Market in the MENA region is heavily influenced by macroeconomic factors such as government initiatives, technological advancements, and investment in research and development. Countries with strong economic growth and favorable regulatory environments are experiencing a surge in demand for AI robotics solutions, as businesses strive to become more efficient and competitive. Additionally, the increasing adoption of automation and artificial intelligence across various industries is driving the growth of the market, as companies seek to improve productivity and reduce costs. This trend is further fueled by the rising need for advanced technological solutions in response to the COVID-19 pandemic, as businesses look for ways to adapt to the new normal.

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 - MENA

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