IDTechEx Research: The $100B Robotics Opportunity

Reading time ( words)

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

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

Copyright © 2020 I-Connect007. All rights reserved.