AI Robotics - Thailand | Statista Market Forecast

The market size in the AI Robotics market is projected to reach US$84.84m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 25.85%, resulting in a market volume of US$337.00m 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 Thailand is experiencing significant growth, driven by increasing adoption of digital technologies, growing health awareness, and the convenience of online health services. Factors such as the emergence of AI Service and Industrial Robotics are also contributing to the market's rapid growth rate.

Customer preferences: In Thailand, there is a growing interest in AI-driven robotics for various industries, including manufacturing, healthcare, and agriculture. This trend is driven by the country's rapidly aging population and a shortage of labor in certain sectors. Additionally, Thai consumers are increasingly adopting smart home devices and virtual assistants, showcasing a greater acceptance of AI technology in their daily lives. This shift towards AI-driven solutions is also fueled by the need for more efficient and cost-effective processes in the face of economic challenges.

Trends in the market: In Thailand, the AI Robotics market is experiencing a surge in demand for automation and smart manufacturing solutions. This trend is driven by the country's push towards Industry 4.0 and the adoption of advanced technologies in various industries. As a result, there has been an increase in investments in AI robotics research and development, as well as partnerships between local and international companies. These developments are significant for industry stakeholders as they open up new opportunities for growth and innovation. However, there may also be potential implications, such as job displacement and the need for upskilling the workforce to keep up with the changing landscape.

Local special circumstances: In Thailand, the AI Robotics Market is growing rapidly due to the country's strong manufacturing base and government support for technological advancements. The cultural emphasis on respect for authority and hierarchy also plays a role in the acceptance and integration of AI technology in the workplace. Additionally, the country's rapidly aging population has led to a demand for AI-powered healthcare solutions, such as robotic assistants and telemedicine services. Furthermore, Thailand's favorable regulatory environment for foreign investment has attracted major players in the global AI Robotics Market, fueling further growth and innovation in the industry.

Underlying macroeconomic factors: The AI Robotics Market within the Artificial Intelligence Market in Thailand is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong government initiatives and a growing economy, like Thailand, are experiencing significant growth in the AI Robotics Market. Additionally, the rising demand for automation and the increasing need for efficient production processes are driving the adoption of AI robotics in various industries. Moreover, the country's strategic location in Southeast Asia and its strong manufacturing sector make it an ideal market for the growth of the AI Robotics Market.

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 - Thailand

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Value

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Technology

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