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
Big Win for Defense Production Act Budget Allocation in FY24 Budget
04/23/2024 | I-Connect007 Editorial TeamOne year ago, President Biden issued a determination that chips and packaging are critical for national security. Since that time, much work has been done to continue the conversation in Washington, elevating the importance of the entire chips value chain, and including printed circuit boards and substrates, without which chips cannot operate.
Zentech’s Board of Directors Announces the Return of Matt Turpin as President and CEO
04/22/2024 | Zentech ManufacturingTurpin draws upon over 35 years of experience in the electronics industry and has an 18-year history with Zentech. He previously served as President and CEO from 2006 to 2019 after which time he has remained active in the EMS industry as an advisor to Zentech and other industry organizations.
Aaron Woolf, Dylan Peterson Join SIA Team
04/22/2024 | SIAThe Semiconductor Industry Association (SIA) announced Aaron Woolf and Dylan Peterson have joined the SIA team. Woolf will serve as director of global policy for economic security and Peterson will be a communications associate. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.
It’s Only Common Sense: OCCAM—the Time Is Now
04/22/2024 | Dan Beaulieu -- Column: It's Only Common SenseOne of my favorite books is a little tome called Who Moved My Cheese? Even those of you who don’t spend a lot of time reading books have at least heard of it and know that it refers to people, especially in business, who are so stuck in their ways that they get upset when something changes. In our business, we know this kind of thinking is especially true. In fact, it always makes me laugh when one of my innovative friends finds a new way to do something and is afraid that someone will steal his idea. I always tell him that no one in our business, especially a PCB engineer, has ever thought about someone else’s innovative idea enough to steal it.
Digitalisation and ESG
04/19/2024 | Marina Hornasek-Metzl, AT&SDigitalisation and ESG are prominent and high-priority topics in the global business community. The first focuses on applying technology throughout the value chain to produce faster, smarter, and more desirable business outcomes. The latter emphasises the broader value a business is expected to create for its stakeholders from an environmental, social, and governance perspective.