AI Robotics - Spain | Statista Market Forecast

The market size in the AI Robotics market is projected to reach US$292.70m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 25.19%, resulting in a market volume of US$1.13bn 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 Spain is experiencing a rapid growth rate, fueled by factors like increasing adoption of digital technologies, rising awareness about health, and convenience of online health services. This growth is driven by both sub-markets, AI Service Robotics and AI Industrial Robotics, which are witnessing high demand due to their diverse applications in various industries. Additionally, advancements in AI technology and government initiatives to promote AI adoption are also contributing to the market's growth.

Customer preferences: The rapid advancement of AI robotics technology in Spain has resulted in a growing interest among consumers in utilizing these robots for household and personal tasks. This trend is especially prevalent among the aging population, who are seeking assistance in daily chores and healthcare management. Additionally, the integration of AI in robotics has led to the development of more personalized and efficient solutions, catering to the diverse needs and preferences of consumers. This has also led to a rise in demand for AI-enabled smart homes, further fueling the growth of the AI robotics market.

Trends in the market: In Spain, the AI Robotics market is experiencing a surge in the development and adoption of collaborative robots, also known as cobots. These robots are designed to work alongside humans, enhancing productivity and safety in industries such as manufacturing and healthcare. This trend is expected to continue, with the Spanish government investing in initiatives to promote the use of cobots in various sectors. Additionally, there is a growing demand for AI-powered robots that can perform complex tasks, such as navigation and decision-making, further driving the growth of the market. This presents significant opportunities for companies operating in the AI Robotics market, as well as for industries looking to improve efficiency and cost-effectiveness through automation.

Local special circumstances: In Spain, the AI Robotics market is heavily influenced by the country's strong manufacturing and automotive industries. This has led to a focus on the development of advanced robotics technologies for industrial and commercial use. Additionally, Spain's strong history in engineering and innovation has created a favorable environment for AI and robotics research and development. This, coupled with the country's supportive government policies and initiatives, has created a vibrant and dynamic market for AI robotics solutions.

Underlying macroeconomic factors: The AI Robotics Market within the Artificial Intelligence Market in Spain is heavily impacted by macroeconomic factors such as government support, technological advancements, and investment in research and development. As a leading global economy, Spain has a strong focus on innovation and modernization, providing a favorable environment for the growth of the AI robotics market. Additionally, the country's stable economic health and favorable fiscal policies have created a conducive environment for businesses to invest in AI robotics, leading to steady market growth. Furthermore, the increasing demand for automation in various industries, coupled with the rising adoption of AI technology in the region, is driving the growth of the AI robotics market in Spain.

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 - Spain

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