IDTechEx Research: The $100B Robotics Opportunity
January 13, 2016 | Business WireEstimated reading time: 1 minute
The first industrial robot, Unimate, went into operation at a General Motors plant in 1961. Over the next few decades the use of industrial robot arms in the automotive industry matured. More recently, the use of industrial robot arms in the cleanroom environments of the semiconductor and electronics industries also matured. The market for such traditional industrial robots is now worth around $11bn and continues to grow slowly. The technology is largely unchanged with modern industrial robot arms generally employing minimal sensors and no real intelligence. But a revolution is coming, as detailed in Robotics 2016-2026, the brand new report by IDTechEx Researchwhich explores the future of robotics, applications, technologies and markets.
A variety of independent technological advances in batteries, power electronics, motors, sensors, processors, artificial intelligence and other fields are now creating an environment where robotics can finally surge ahead in many different ways, solving a wide variety of problems that traditional industrial robots could not possibly have solved. IDTechEx Research has found that existing and emerging robotics market sectors amount to a $25bn market today and will grow to over $120bn by 2026.
The IDTechEx Research report Robotics 2016-2026 details each major market sector with case studies, current market values and growth figures in order to build the most comprehensive overall market analysis of the entire robotics industry, both present and future. Companies from 18 different countries across North America, Europe and Asia were studied by IDTechEx to get a fully global picture.
The report includes the following forecasts:
- Total market values forecast 2016-2026
- Individual market forecasts 2016-2026 for traditional industrial robots, collaborative robots, surgical assistants, agricultural and personal robots (broken down into 3D printers, lawn mowers, pool cleaners and vacuum cleaners)
- Market share by sector 2016-2026
- Absolute growth (in $) for each market sector 2016-2026
- Time line of major developments expected 2016-2026
- Hype curve indicating the state of evolution of each market sector/technology today
Sectors covered in detail include industrial robots (inside and outside China), surgical, military, logistics/warehousing, personal, agriculture, mining, collaborative and autonomous transport.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.