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Artificial Intelligence Robots Market size is set to grow by USD 31.53 billion from 2024-2028, High adoption of private-use robots to boost the market growth, Technavio

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NEW YORK, June 24, 2024 /PRNewswire/ — The global artificial intelligence robots market  size is estimated to grow by USD 31.53 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  37.2%  during the forecast period.  High adoption of private-use robots is driving market growth, with a trend towards increase in demand for productivity and performance of robots. However, increasing manufacturing cost of robots  poses a challenge. Key market players include ABB Ltd., Advanced Micro Devices Inc., Alphabet Inc., Amazon.com Inc., ASUSTeK Computer Inc., BLUE FROG ROBOTICS SAS, FANUC Corp., HANSON ROBOTICS Ltd., Intel Corp., International Business Machines Corp., LG Electronics Inc., Microsoft Corp., MIDEA Group Co. Ltd., Miso Robotics Inc., Neurala Inc., NTT Disruption Europe SL, NVIDIA Corp., Promobot LLC, Robert Bosch GmbH, and SoftBank Robotics Group Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Software and Hardware), Type (Service and Industrial), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Advanced Micro Devices Inc., Alphabet Inc., Amazon.com Inc., ASUSTeK Computer Inc., BLUE FROG ROBOTICS SAS, FANUC Corp., HANSON ROBOTICS Ltd., Intel Corp., International Business Machines Corp., LG Electronics Inc., Microsoft Corp., MIDEA Group Co. Ltd., Miso Robotics Inc., Neurala Inc., NTT Disruption Europe SL, NVIDIA Corp., Promobot LLC, Robert Bosch GmbH, and SoftBank Robotics Group Corp.

Key Market Trends Fueling Growth

In today’s manufacturing sector, companies are prioritizing automation to boost productivity, enhance product quality, and cut labor costs. They are integrating AI, ML, robotics, and analytics into their operations through automated control systems. Industries like automotive, consumer electronics, healthcare, and industry are adopting robots, such as collaborative and professional models, to automate tasks and streamline production. This trend is fueling the growth of the Artificial Intelligence Robots Market. 

The Artificial Intelligence (AI) robots market is experiencing significant growth, with companies investing in advanced technologies such as machine learning, natural language processing, and computer vision. The use of AI robots is becoming increasingly common in various industries, including manufacturing, healthcare, and logistics. These robots are designed to perform repetitive tasks, improve efficiency, and enhance productivity. The adoption of cloud technology and the integration of IoT devices are also driving the growth of the AI robots market. Furthermore, the development of adaptive and autonomous robots is expected to further boost market trends. The market is projected to continue its upward trajectory in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global AI robots market is experiencing significant growth as companies in various sectors, including healthcare, automotive, industrial, and transportation, invest in automation using advanced technologies like AI, ML, and robotics. Robots, consisting of hardware such as sensors, actuators, power sources, controllers, and software, are being adopted for functions like security, painting, material transfer, machine tending, and quality inspection. Vendors integrate multiple sensors and control systems to enhance robot capabilities, but the high cost of these components remains a challenge, potentially hindering market expansion during the forecast period.The Artificial Intelligence (AI) robots market is experiencing significant growth, with companies producing advanced robots for various industries. However, challenges persist in this sector. One major challenge is ensuring the compatibility of these robots with existing technology and infrastructure. Another issue is the high cost of implementing and maintaining AI robots, which can be a barrier for smaller businesses. Additionally, ethical concerns regarding the use of AI robots in the workforce continue to surface. Despite these challenges, the potential benefits of AI robots, such as increased efficiency and productivity, make them an attractive investment for many businesses. The future of this market depends on how these challenges are addressed.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This artificial intelligence robots market report extensively covers market segmentation by

Technology 1.1 Software1.2 HardwareType 2.1 Service2.2 IndustrialGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Software-  Artificial Intelligence (AI) robots rely on software to operate advanced technologies such as AI, ML, facial recognition, and gesture recognition. Major vendors like KUKA, FANUC, and Miso Robotics offer specialized software for AI robots, including application software, system software, and cloud software. Vendors are investing heavily in software development to support advanced AI robot features. NVIDIA’s GR00T model is an example, understanding natural language and emulating human movements. Open-source robot software frameworks like ROS, Gazebo, and Robot Framework are used for AI robot software development, offering features like sensor data generation and access to multiple physics engines. The focus on enhancing AI robot capabilities is expected to accelerate software platform advancements.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Artificial Intelligence (AI) Robots Market is experiencing significant growth due to the integration of advanced technologies such as machine learning, adaptive computing, and computer vision systems. Latest-generation smart robots are being employed in various industries, including warehouses, to execute complex tasks with precision and efficiency. These robots are designed to learn naturally through connected sensors and AI solutions, enabling them to adapt to changing climate conditions, temperature, air pressure, wind, and other environmental factors. The technological load of these robots includes powerful processors, large memory capacity, and advanced networking capabilities. AI platforms are being utilized to enhance the logic and decision-making abilities of these robots, making them more autonomous and efficient. Batteries, actuators, and sensors are essential components of these robots, ensuring their smooth operation. Overall, the AI Robots Market is poised for continued growth as the demand for advanced automation solutions increases.

Market Research Overview

The Artificial Intelligence (AI) Robots Market is experiencing significant growth due to the increasing demand for automation and digital transformation across various industries. These robots, powered by advanced technologies such as machine learning, natural language processing, and computer vision, are designed to perform complex tasks with high precision and efficiency. The market is segmented based on types of robots, applications, and end-users. The types of robots include industrial robots, service robots, and collaborative robots. The applications include manufacturing, healthcare, education, and logistics, among others. The end-users include small and medium enterprises (SMEs) and large enterprises. The market is driven by factors such as the need for labor savings, productivity enhancement, and improved accuracy. The adoption of AI robots is expected to continue to grow as more industries embrace digitalization and automation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologySoftwareHardwareTypeServiceIndustrialGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Eddid Financial Honored with “Professional Services Award in RWA” by HKCT Highlighting its Leading Edge in Web3 and Digital Assets

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HONG KONG, May 4, 2026 /PRNewswire/ — Eddid Financial (the “Group”) has won the “Professional Services Award in RWA” at the HKCT Business Awards, hosted by the Hong Kong Commercial Times. The award recognizes the Group’s exceptional professional service capabilities and innovative achievements in the Real-World Assets Tokenisation (“RWA”) sector. This prestigious honor serves as a strong industry endorsement of the Group’s dedicated efforts in the RWA space, affirming its leadership in bridging traditional and digital finance while injecting significant momentum into Hong Kong’s digital asset market.

The HKCT Business Awards evaluates candidates based on four core criteria: corporate achievements, market competitiveness, brand philosophy, and professional standing. As one of the most credible and influential business awards in Hong Kong, it aims to recognize outstanding enterprises across various sectors for their performance over the past year, encouraging companies to continuously enhance their core competitiveness and pioneer innovative economic directions. During this year’s selection process, the judging panel conducted a comprehensive assessment of Eddid Financial’s compliance infrastructure, innovative services, and industry contributions within the RWA sector, highly commending the Group’s professional strength and forward-looking vision in asset tokenisation.

Compliance-Driven: Building a Full-Chain Service Ecosystem

As a licensed pioneer in Hong Kong’s RWA landscape, Eddid Financial has consistently relied on compliance as its foundation and innovation as its driving force. Having deeply cultivated the digital asset space for years, the Group has established a full-chain professional service ecosystem that encompasses asset screening, product design, compliance auditing, and distribution operations. Eddid Securities and Futures, a subsidiary of the Group, became one of the first brokerages in Hong Kong to upgrade its licenses in September 2023. It subsequently secured further upgrades for its Type 1 and Type 9 regulated activity licenses, making it one of the few institutions authorized to distribute tokenised securities and RWA products. This regulatory milestone has laid a solid, compliant foundation for the Group’s RWA business operations.

Successful Launch of Landmark Precious Metal RWA Projects

In terms of practical application, Eddid Financial has actively spearheaded the launch of several landmark RWA projects, setting a new benchmark for the industry. Notably, the Group partnered with Timeless Resources Holdings Limited (8028.HK) and HashKey Chain to introduce Hong Kong’s first silver RWA project. By leveraging blockchain technology to tokenise physical silver assets, each digital coin is backed 1:1 by one ounce of physical silver, strictly held by an independent trustee. This initiative not only lowers the barrier to entry for precious metal investments but also enhances asset liquidity. The project’s product design and issuance framework received a “no further comment” reply from the Hong Kong Securities and Futures Commission (SFC), demonstrating the highest standard of compliance.

Concurrently, the Group has collaborated with CAC Fintech to advance China’s first agricultural RWA project. By converting agricultural products, land management rights, and future agricultural revenue rights into on-chain digital certificates, this project addresses critical pain points such as poor liquidity and low financing efficiency in agricultural assets. Furthermore, it supports the national rural revitalization strategy and explores novel pathways for the innovative integration of agricultural assets with financial markets.

Leading the Upgrade of the Regional RWA Industry

Beyond launching landmark projects, Eddid Financial continues to drive the ecosystem construction and market development of the RWA sector. The Group’s research department published the “Core Guide to RWA: From Basic Theory to Global Practice,” sharing its leading experience in asset tokenisation to help establish industry standards. Simultaneously, the Group has built a tripartite development model encompassing “Technology + Compliance + Ecosystem”. Internally, it has assembled a dedicated fintech team to advance underlying technologies; externally, it connects core stakeholders, including asset holders, investors, and licensed exchanges, to form a comprehensive RWA service ecosystem that provides clients with all-encompassing, one-stop professional services.

Looking ahead, Eddid Financial will continue to leverage its comprehensive licensing advantages, expert service teams, and robust technical support to drive the digital transformation of a diverse range of real-world assets. The Group is committed to delivering highly flexible, efficient, and compliant RWA services to its clients while actively supporting the standardized and international development of Hong Kong’s digital asset market, thereby cementing Hong Kong’s status as a premier global digital finance hub.

View original content:https://www.prnewswire.com/apac/news-releases/eddid-financial-honored-with-professional-services-award-in-rwa-by-hkct-highlighting-its-leading-edge-in-web3-and-digital-assets-302760892.html

SOURCE Eddid Financial

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Elevate Appoints Wade Clark as Chief Growth Officer

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Industry veteran to lead organic growth strategy across Elevate’s national platform

LOS ANGELES, May 3, 2026 /PRNewswire/ — Elevate, a national operator-led accounting and advisory platform, today announced the appointment of Wade Clark as Chief Growth Officer. Clark brings more than 30 years of experience building and leading sales organizations at top U.S. accounting and consulting firms, including Moss Adams (now Baker Tilly), BKD (now Forvis Mazars), Carr Riggs & Ingram, BDO USA, and Ernst & Young.

In this role, Clark will lead organic growth across Elevate’s partner firms, building a unified, data-driven growth function that complements the platform’s active M&A strategy and deepens advisory relationships firmwide.

Most recently, Clark spent nine years at Moss Adams, where he built and scaled the sales coaching function supporting 1,000+ partners, directors, and senior managers across 45 practices in a $1.3 billion firm. Earlier, as Chief Growth Officer at Carr Riggs & Ingram, he built the firm’s first growth function and helped drive revenue from $70 million to $100 million in three years. At BKD, he played a central role in the firm’s expansion from $190 million to $400 million, primarily through organic growth. He is the author of Meaningful Success in Business as well as Simplifying Complex Sales, reviewed by Accounting Today as one of the best books on selling professional services.

“Wade has built and led growth organizations at scale, and he knows what it takes to drive consistent, measurable results across a distributed partnership,” said Sanjay Agarwal, CEO and Founder of Elevate. “As we continue to execute on both M&A and organic growth, Wade’s ability to bring structure, accountability, and rigor to revenue generation will be a meaningful differentiator for our partner firms and their clients.”

“What attracted me to Elevate is the clarity of vision and the commitment to building a true operating platform — not just a collection of firms,” said Clark. “The opportunity to architect a scalable growth engine across a national footprint, alongside partner firms who are already leaders in their markets, is incredibly compelling.”

Clark is based in Houston, Texas, and holds a Bachelor of Business Administration in Marketing from Texas A&M University.

About Elevate

Elevate is a national accounting and advisory platform built by operators. The firm partners with leading CPA firms to provide the technology, infrastructure, and strategic support needed to drive sustainable growth, enhance client service, and unlock long-term value. Elevate’s operator-led model preserves firm autonomy while delivering the scale, talent, and technology of a unified platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/elevate-appoints-wade-clark-as-chief-growth-officer-302759917.html

SOURCE Elevate LLC

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Meiyume (Group) LTD Achieves EcoVadis Gold Rating for 2026, Reinforcing Commitment to Sustainable Beauty

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HONG KONG, May 4, 2026 /PRNewswire/ — Meiyume (Group) LTD has achieved the EcoVadis Gold rating for 2026, with the company being in the 96th percentile globally and among the top-performing companies for sustainability.

EcoVadis evaluates companies across environment, labour and human rights, ethics, and sustainable procurement. The Gold rating reflects Meiyume’s strong performance and continued commitment to embedding sustainability across its supply chain.

A supplier’s commitment to sustainability is increasingly important to brands, as they work to meet rising regulatory requirements and evolving consumer expectations for transparency and responsible practices. In this landscape, choosing the right partners is essential. Partners like Meiyume play a key role in enabling more responsible, future-ready solutions while helping to strengthen sustainability standards across the supply chain.

A Holistic Sustainability Strategy: Meiyume’s 5Ps Framework

Meiyume’s sustainability approach is guided by its 5Ps framework: Product, Process, Places, People, and Principle, ensuring a comprehensive integration across the business:

Product – Advancing sustainable innovation in formulations and packaging

Process – Strengthening responsible sourcing and supply chain practices

Places – Enhancing operational efficiency and environmental performance

People – Fostering an inclusive and supportive workplace

Principle – Upholding strong governance and compliance standards

Sustainability as an Ongoing Journey

While the EcoVadis Gold rating marks an important milestone, Meiyume views sustainability as an ongoing journey. The company remains committed to strengthening its sustainability performance and supporting beauty and personal care brands in achieving their sustainability goals.

About Meiyume:

Formerly LF Beauty, Meiyume offers end-to-end beauty solutions—packaging, ODM, OEM —grounded in sustainability and insights. Powered by it’s Beauty Intelligence Platform and a global sourcing network, Meiyume brings visions to life with agility, intelligence, and responsibility.

https://meiyume.com/
2/F HK Spinners Industrial Building, Phases I & II, 800 Cheung Sha Wan Road, Kowloon, Hong Kong

SOURCE Meiyume

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