AI Robotics - New Zealand

The AI Robotics market in New Zealand is rapidly expanding, driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of AI in various industries, and the convenience of AI-powered solutions. With a substantial growth rate, this market is impacted by advancements in AI technology and the increasing demand for automation and efficiency in both service and industrial sectors.

Customer preferences: As the AI Robotics Market continues to expand in New Zealand, there is a notable increase in demand for AI-powered solutions in various industries, such as healthcare, agriculture, and manufacturing. This is driven by a growing interest in automation and efficiency, as well as an aging workforce and shortage of skilled labor. Additionally, there is a shift towards more personalized and human-like interactions with AI, with consumers preferring natural language processing and emotional intelligence in their interactions with robotic assistants. This trend is influenced by cultural values of efficiency and convenience, as well as a desire for a more human-like connection with technology.

Trends in the market: In New Zealand, the AI Robotics market is experiencing a surge in demand for automation solutions in industries such as manufacturing, healthcare, and agriculture. This trend is expected to continue as companies seek to improve efficiency and reduce costs. Additionally, there is a growing focus on AI-powered robots that can perform complex tasks with precision and accuracy. This has significant implications for stakeholders, as it could lead to increased productivity and competitiveness in the market. Moreover, the adoption of AI robotics could also lead to job displacement and the need for upskilling and reskilling of the workforce.

Local special circumstances: In New Zealand, the AI Robotics market is influenced by the country's strong focus on sustainability and innovation. The government has shown support for AI development through initiatives such as the National AI Strategy and the establishment of an AI Forum. Additionally, the country's small population and geographical isolation have led to a unique market landscape with a strong emphasis on collaboration and cross-sector partnerships. These factors have contributed to the growth and adoption of AI technologies in various industries, such as agriculture, healthcare, and manufacturing.

Underlying macroeconomic factors: The AI Robotics Market within the Artificial Intelligence Market in New Zealand is influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. The country's strong economic growth and stable political climate have attracted significant investments in AI technologies, leading to the rapid development of the AI Robotics Market. Additionally, the increasing demand for automation and the growing adoption of AI in various industries, such as healthcare, manufacturing, and agriculture, are driving the market growth in New Zealand. The country's favorable regulatory environment and focus on promoting innovation further contribute to the market's success.

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.