Global Robotics Industry to Witness Challenges
December 3, 2015 | PRNewswireEstimated reading time: 1 minute
The global robotics industry is at a critical turning point, at which new and upcoming non-industrial markets like autonomous vehicles, consumer robots, enterprise robots, and unmanned aerial vehicles (UAVs) are expected to overshadow traditional markets like industrial robotics. The years between 2015 and 2020 will redefine the way humans think about robots, as they become integral to our daily lives, setting the scene for the next decade, which will be heavily influenced by robotics and artificial intelligence (AI).
Around the world, new industry players and markets are emerging to assume an important role in the ongoing development of the robotics industry. Technologies like AI, machine vision, voice and speech recognition, tactile sensors, and gesture control will drive robotic capabilities far beyond what is possible today, especially in terms of autonomy. There is also a regional shift in the industry's center of gravity taking place, moving from Japan, which has been the nerve center of robotics innovation for decades, to the United States, specifically Silicon Valley where the future of robots is being shaped today. Against this backdrop of technology and market evolution, Tractica forecasts that the global robotics industry will grow from $28.3 billion worldwide in 2015 to $151.7 billion by 2020. The firm forecasts that most of this growth will be driven by non-industrial robots, which includes segments like consumer, enterprise, medical, military, UAVs, and autonomous vehicles.
This Tractica report includes global market sizing, segmentation and forecasts for the robotics industry within 22 distinct application markets in the consumer, enterprise, industrial, and military domains. Unit shipments and revenue forecasts are included for each application market, segmented by world region. The report also includes technology attach rates for machine vision, voice/speech recognition, gesture recognition, and tactile sensors, plus connectivity technologies for consumer robots. The forecast period for this report extends from 2015 through 2020.
Suggested Items
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
The New Industry: Will the Growth Continue?
04/30/2024 | I-Connect007 Editorial TeamHow sustainable are the primary financial models in the United States regarding PCB fabrication shops? In this interview with economic experts Shawn DuBravac and Tom Kastner, we explore what’s happening with U.S. printed circuit board shops in today’s market, how consolidation affects the industry, and what can be done.
TTM’s High Tech Expansion and Industry Innovation
04/30/2024 | Marcy LaRont, PCB007 MagazineTom Edman has been the CEO of TTM Technologies since 2014 and has an extensive background in electronics and manufacturing. TTM is a leading global manufacturer of technology solutions, including mission systems, RF component and RF microwave microelectronics assemblies, and quick turn and advanced technology printed circuit boards.
U.S. Companies Invest Heavily in Robots
04/30/2024 | IFRManufacturing companies in the United States have invested heavily in more automation: total installations of industrial robots rose by 12% and reached 44,303 units in 2023. Number one adopter is the car industry followed by the electrical and electronics sector.
USPAE to Springboard U.S. Technology Forward
04/30/2024 | Marcy LaRont, PCB007 MagazineThe U.S. Partnership for Assured Electronics (USPAE) was launched as a nonprofit subsidiary of IPC in 2020, specifically to manage the DoD relationship and access to funding, and to develop a cooperative facility to develop UHDI capabilities in the U.S., not only for the defense sector, but for the whole of the U.S. electronics industry. It is a tall order, but industry veteran Joe O'Neil believes it will happen. Having been tasked with making the UHDI Capable Cooperative Production Facility (UCCPF) a reality, he provides an update on this important project for U.S. electronics manufacturing.