Venture Capital
Andrea Alms Video: Money In Motion 33 - Deep Tech Vertical - AI Robotics
November 2022 - Venture Capital
TRANSCRIPT:
Hello. My name is Andrea Alms and I am technology investor and financial manager, and this is your money in motion. On the previous episode we discussed what is deep tech. Today we are focusing on robotics. As a quick review, deep technology is a catch all phrase for innovative technologies that potentially offer significant advantages over those currently used. The global artificial Intelligence Robotics market size was 9 billion U.S. dollars in 2021 and is expected to be worth around 54 billion by 2030 at a compound average growth rate of 21% during the forecast period of 2022 to 2030. As for robotic types, the market is segmented into industrial and service. Industrial type robotics are subdivided into a combination of one industrial robotics and traditional or two industrial robotics. Separately, old style industrial robots are more subdivided into Cartesian robots, articulated robots, parallel robots, scare robots and other robots. Service type robots are subdivided into aerial, underwater and ground. Yet this AQ report cites the market size was valued at 6 billion in 2021 and expected to grow to 66 billion by 2030, growing at a compound average growth rate of 30% between 22 and 2030. This TMR report cites the market value at 8 billion in 2021, reaching 52 billion by the end of 2031, with an estimated 20% average compound rate between 2022 and 2031. Market reports vary a few billion U.S. dollars and very 10% percentage points. Yet still it's $1,000,000,000 market, double digit growth. Let's keep an eye on it. Thank you. This is your money, your money in motion.