AI Robotics - Taiwan | Statista Market Forecast

The market size in the AI Robotics market is projected to reach US$131.00m 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$497.40m 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 Taiwan is experiencing substantial growth, fueled by factors such as increasing adoption of digital technologies, growing health awareness among consumers, and the convenience of online health services. This growth can be attributed to the advancements in both AI Service Robotics and AI Industrial Robotics, which have greatly expanded the capabilities and applications of AI in the healthcare industry. The market's impressive growth rate is also driven by the government's support for the development of AI and its integration into healthcare.

Customer preferences: With the rise of AI technology, consumers in Taiwan are increasingly interested in integrating AI-powered robots into their daily lives. This is driven by the desire for convenience and efficiency, as well as the cultural acceptance of technology. Additionally, the aging population in Taiwan has led to a growing demand for AI-powered caregiving robots, specifically designed to assist with daily tasks and provide companionship for the elderly. This trend is likely to continue as the need for personalized and affordable care solutions increases.

Trends in the market: In Taiwan, there is a growing focus on the development of smart factories and industrial automation solutions using AI robotics. This trend is driven by the increasing demand for efficient and cost-effective manufacturing processes. It is expected that this trend will continue to grow in the coming years, with the government's initiatives to promote the development of AI and robotics technologies. This could have significant implications for industry stakeholders, as it could lead to improved productivity, reduced labor costs, and increased competitiveness in the global market. Additionally, the integration of AI and robotics could also open up new opportunities for skilled workers in the field of robotics and automation.

Local special circumstances: In Taiwan, the AI Robotics market is experiencing significant growth due to the country's strong focus on technological innovation and its highly skilled workforce. Additionally, the Taiwanese government has implemented supportive policies and funding programs for the development of AI and robotics technologies. The local culture also places a high value on efficiency and automation, making it a favorable environment for AI Robotics adoption. Furthermore, Taiwan's strategic location and close ties with China provide opportunities for collaborations and access to a large market. These factors contribute to the unique dynamics and potential for growth in the AI Robotics market in Taiwan.

Underlying macroeconomic factors: The AI Robotics Market within the Artificial Intelligence Market in Taiwan is strongly influenced by macroeconomic factors such as government support for research and development, technological advancements, and investment in infrastructure. Taiwan's strong economy and stable political environment provide a favorable environment for market growth. Additionally, the country's strategic location and access to global supply chains make it an attractive hub for AI robotics companies. The increasing demand for automation and efficiency in various industries, along with the aging population, are also driving the growth of the AI robotics market in Taiwan.

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 - Taiwan

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