Following years of volatility and shifting global demand, the AI robotics sector is now on a steep upward trajectory. Fresh projections reveal that growth in this field is far outpacing earlier forecasts.
Data from Stocklytics.com shows that the global AI robotics market is now projected to hit $94 billion by 2031—an impressive 30% increase over last year’s expectations. This marks a pivotal moment for the industry, as automation and intelligent systems see heightened demand across sectors.
Market Set to Soar 237%, Adding $30 Billion in Value by Decade’s End
The AI robotics industry has been on a bumpy ride over the past years, with the pandemic-driven sales boom followed by a plunge in 2022 and stagnation in 2024. However, the industry is set to recover significantly, with six years of double-digit growth ahead, much higher than forecast last year.
With the surging demand in both the consumer and the industrial sectors fueling AI robotics growth, the Statista Market forecast became much more optimistic. Just a year ago, Statista forecasted the global AI robotics market will hit a $22.5 billion value this year. Furthermore, the entire segment was expected to grow by a compound annual growth rate (CAGR) of 23.3%, resulting in a market volume of $64.3 billion by 2030 and a massive 184% increase in five years.
However, the latest market forecast is even more optimistic, proving the enormous potential of this segment of the AI industry. According to the latest Statista data, published in March, the global AI robotics market is set to grow by 237% and hit a $76.2 billion value by the end of the decade, nearly 30% more than the previous forecast. This strong growth will keep going, with the market expected to surpass $94 billion by 2031. Statistics show AI industrial robotics will reach $42.6 billion by the end of the decade, 18% higher than earlier forecasts. AI service robots will climb even more, hitting $41 billion, a 46% jump from last year’s estimate.
In global comparison, the United States will remain the AI robotics powerhouse, with its market skyrocketing by 327% and reaching a $40.6 billion value by 2031. China and Japan, which both enjoy strong government support and massive investments in tech innovation, follow with just as impressive 314% and 308% growth rates and $8.7 billion and $3.5 billion values, respectively.
AI Robotics to Grow Five Times Faster than the Overall Robotics Industry
The rapid growth of AI robotics stands out even more when compared to the overall robotics industry. According to Statista, the AI robotics market size will grow by an average of nearly $12 billion per year, a figure that outpaces the broader robotics industry by a significant margin.
The overall robotics industry is forecasted to grow five times slower in the same period, rising by 44% and reaching a $73 billion value by the end of the decade.