Robotics: Technologies and Global Markets
Report Scope:
Robotics: Technologies and Global Markets (ENG001G) provides both a review of recent key developments in robotics and a forecast that examines the industry from the perspective of robot makers and their traditional and prospective end users.
Forecasts have been generated by region, by type of robot, by robot user, by robot-performed task, and by type of robotic product and market region.
Five types of robots are discussed and forecast in this report: industrial robots, professional service robots, military robots, domestic service robots, and security robots.
Seventeen types of robot end users are covered: aerospace manufacturing, agricultural, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer products manufacturing, education and research, electrical and electronics manufacturing, food processing, government (defense), government (non-defense), healthcare, households, metals, pharmaceutical manufacturing, and textile and clothing manufacturing.
Nineteen robot-performed tasks are examined: assembly; assisted transport; building security; construction and demolition; couriers and guides; dispensing; entertainment; floor maintenance; exterior maintenance; hazardous materials disposal; inspection and sample collection; laboratory bench assistance; material handling; painting, coating and gluing; palletizing and packaging; part cutting and forming; surgery; surveillance; and welding and soldering.
Four robotic products groups are reviewed: whole robots, robot parts, robot software, and robot safety materials.
All market values are provided in millions of U.S. dollars, and all are calculated as nominal value; 2020 is considered as the base year, and 2021 as the projected year, and the values are forecast from 2022 to 2026. The CAGR (Compound Annual Growth Rate) in percentage terms represents the cumulative five-year growth.
Report Includes:
Robotics: Technologies and Global Markets (ENG001G) provides both a review of recent key developments in robotics and a forecast that examines the industry from the perspective of robot makers and their traditional and prospective end users.
Forecasts have been generated by region, by type of robot, by robot user, by robot-performed task, and by type of robotic product and market region.
Five types of robots are discussed and forecast in this report: industrial robots, professional service robots, military robots, domestic service robots, and security robots.
Seventeen types of robot end users are covered: aerospace manufacturing, agricultural, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer products manufacturing, education and research, electrical and electronics manufacturing, food processing, government (defense), government (non-defense), healthcare, households, metals, pharmaceutical manufacturing, and textile and clothing manufacturing.
Nineteen robot-performed tasks are examined: assembly; assisted transport; building security; construction and demolition; couriers and guides; dispensing; entertainment; floor maintenance; exterior maintenance; hazardous materials disposal; inspection and sample collection; laboratory bench assistance; material handling; painting, coating and gluing; palletizing and packaging; part cutting and forming; surgery; surveillance; and welding and soldering.
Four robotic products groups are reviewed: whole robots, robot parts, robot software, and robot safety materials.
All market values are provided in millions of U.S. dollars, and all are calculated as nominal value; 2020 is considered as the base year, and 2021 as the projected year, and the values are forecast from 2022 to 2026. The CAGR (Compound Annual Growth Rate) in percentage terms represents the cumulative five-year growth.
Report Includes:
- 34 data tables and 36 additional tables
- An updated review of the global markets for robotics technologies
- Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global robotics market size, and corresponding market share analysis by type of robot, robot-performed task, product group, technology, end-use industry, and geographic region
- In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market
- Assessment of major market drivers and opportunities estimating current and future demand for robotic products, and key enabling technologies, and COVID-19 impact on the robotics industry
- Discussion of key technology developments, latest trends, and other influential factors such as research-and-development capability, installed base, branding, and ecosystem influence and partnerships
- Information on upcoming market opportunities and areas of focus to forecast this market into various segments and sub-segments
- Insight into recent industry structure, current competitive scenario, R&D activities, and regulatory and legislative issues currently focused on robotics industry ecosystem
- Review of robotics-related patent activity, recent re-issued U.S. patents, and a look into the technologically significant robotic patents
- Descriptive company profiles of the leading global manufacturers of robotic parts and technologies. Major players in the market, include ABB Group, FANUC Corp., Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corp., Rockwell Automation Inc., Robert Bosch GmbH, Siemens AG, and Yaskawa Electric Corp.
CHAPTER 1 INTRODUCTION
Introduction
Study Goals and Objectives
What's New in This Update?
Scope of Report
Reasons for Doing This Study
Robots Excluded from This Study
Information Sources and Methodology
Intended Audience
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
CHAPTER 2 SUMMARY AND HIGHLIGHTS
CHAPTER 3 MARKET OVERVIEW
Major Trends in the Robotics Technologies Market
Industry 4.0
3D Printing for Robotics
Flexibility in the Installation of Industrial Robots
3D Vision Technology Offers New Growth Path to Autonomous Mobile Robots
Market Drivers
Leveraging Artificial Intelligence/Software in Robotics
Increasing Government Funding (Research) and Spending (Defense and Non-defense)
Rising Demand for Collaborative Robots (COBOTs)
Increasing Trend Toward Automation Across Various End-User Applications
Market Restraints
Increase in Import Tariffs on Raw Materials Used in Manufacturing Robots
High Investment/Installation Costs
Market Opportunities
Rise in Smart Transportation
Rise in Geriatric Population across the Developed Nations
Rising Demand for Infrastructure
COVID-19 Impact
Insights from Key Opinion Leaders
CHAPTER 4 ROBOTICS TECHNOLOGIES
Introduction
Basic Technologies
Actuation
Calibration
Configuration
Control and Motion Control
End-of-Arm Tools
Learning
Manipulation
Missions, Tasks and Processes
Power Management
Sensing and Sensors
Advanced Technologies
Adaptation
Autonomy
Cognition
Collaborative Robots
Collision Avoidance
Dependability
Interaction--Human and Robot
Interaction--Robot and Robot
Locomotion
Knowledge Systems
Localization
Materials
Navigation
Sensor Fusion
Swarms and Networks
Telerobotics
Vision
CHAPTER 5 MARKET BREAKDOWN BY ROBOT TYPE
Introduction
Types of Industrial Robots
Value-Added Driving Demand
Types of Robots Covered in This Segment
Professional Service Robots
Military/Defense Robots
Domestic Service Robots
Security Robots
Global Market for Industrial Robots
CHAPTER 6 MARKET BREAKDOWN BY END-USER INDUSTRY
Introduction
Robotics Technology End Users
Aerospace Manufacturing
Agriculture
Automotive Manufacturing
Building Maintenance
Chemical and Fuel Processing
Construction
Consumer Products Manufacturing
Education and Research
Electrical and Electronics Manufacturing
Food Processing
Government Defense
Government–Non-defense
Healthcare
Households
Metals Manufacturing
Pharmaceutical Manufacturing
Textile and Clothing Manufacturing
Global Market by End-User Industry
CHAPTER 7 MARKET BREAKDOWN BY ROBOT-PERFORMED TASK
Introduction
Various Tasks Performed by Robots
Assembly
Assisted Care/Transport
Building Security
Construction and Demolition
Couriers and Guides
Dispensing
Entertainment
Floor Maintenance
Exterior Maintenance
Hazardous Materials Disposal
Inspection and Sample Collection
Laboratory Bench Assistance
Material Handling
Painting and Coating
Palletizing and Packaging
Part Cutting and Forming
Surgery
Surveillance
Welding and Soldering
Global Market by Robot-Performed Task
CHAPTER 8 MARKET BREAKDOWN BY PRODUCT TYPE
Introduction
Whole Robots
Robot Parts
Robot Software
Robot Safety Materials
CHAPTER 9 MARKET BREAKDOWN BY REGION
Introduction
North America
Europe
Asia-Pacific
Rest of the World (RoW)
CHAPTER 10 KEY PLAYERS AND STRATEGIES ADOPTED
Introduction
Key Players in the Robotics Technologies Market
Key Market Developments
CHAPTER 11 COMPANY PROFILES
Introduction
ABB LTD.
AETHON, INC. (ST ENGINEERING)
ALPHABET, INC.
AMAZON, INC.
AURIS HEALTH, INC.
BAE SYSTEMS PLC
BARRETT TECHNOLOGY LLC
BLACK-I ROBOTICS INC.
BOSCH REXROTH CORP.
BOSTON DYNAMICS, INC. (HYUNDAI MOTOR GROUP)
CLEARPATH ROBOTICS INC.
COMAU S.P.A.
DEERE & CO.
DENSO ROBOTICS
DIVERSEY HOLDINGS LTD.
DJI
ENERGID TECHNOLOGIES CORP.
FANUC CORP.
GENERAL DYNAMICS MISSION SYSTEMS, INC.
GENESIS SYSTEMS (IPG PHOTONICS CORP.)
HARVEST AUTOMATION INC.
HITACHI LTD.
HONDA MOTOR CO., LTD.
INTUITIVE SURGICAL INC.
KAIROS AUTONOMI
KAWASAKI HEAVY INDUSTRIES LTD.
KUKA AG
LOCKHEED MARTIN CORP.
MAKO SURGICAL (STRYKER)
List of Key Developments Cited in the Old Version
Robotic Associations, Research Institute, Federal Agency and Others
CHAPTER 12 PATENT ANALYSIS
Introduction
Technologically Significant Robotic Patents
Introduction
Study Goals and Objectives
What's New in This Update?
Scope of Report
Reasons for Doing This Study
Robots Excluded from This Study
Information Sources and Methodology
Intended Audience
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
CHAPTER 2 SUMMARY AND HIGHLIGHTS
CHAPTER 3 MARKET OVERVIEW
Major Trends in the Robotics Technologies Market
Industry 4.0
3D Printing for Robotics
Flexibility in the Installation of Industrial Robots
3D Vision Technology Offers New Growth Path to Autonomous Mobile Robots
Market Drivers
Leveraging Artificial Intelligence/Software in Robotics
Increasing Government Funding (Research) and Spending (Defense and Non-defense)
Rising Demand for Collaborative Robots (COBOTs)
Increasing Trend Toward Automation Across Various End-User Applications
Market Restraints
Increase in Import Tariffs on Raw Materials Used in Manufacturing Robots
High Investment/Installation Costs
Market Opportunities
Rise in Smart Transportation
Rise in Geriatric Population across the Developed Nations
Rising Demand for Infrastructure
COVID-19 Impact
Insights from Key Opinion Leaders
CHAPTER 4 ROBOTICS TECHNOLOGIES
Introduction
Basic Technologies
Actuation
Calibration
Configuration
Control and Motion Control
End-of-Arm Tools
Learning
Manipulation
Missions, Tasks and Processes
Power Management
Sensing and Sensors
Advanced Technologies
Adaptation
Autonomy
Cognition
Collaborative Robots
Collision Avoidance
Dependability
Interaction--Human and Robot
Interaction--Robot and Robot
Locomotion
Knowledge Systems
Localization
Materials
Navigation
Sensor Fusion
Swarms and Networks
Telerobotics
Vision
CHAPTER 5 MARKET BREAKDOWN BY ROBOT TYPE
Introduction
Types of Industrial Robots
Value-Added Driving Demand
Types of Robots Covered in This Segment
Professional Service Robots
Military/Defense Robots
Domestic Service Robots
Security Robots
Global Market for Industrial Robots
CHAPTER 6 MARKET BREAKDOWN BY END-USER INDUSTRY
Introduction
Robotics Technology End Users
Aerospace Manufacturing
Agriculture
Automotive Manufacturing
Building Maintenance
Chemical and Fuel Processing
Construction
Consumer Products Manufacturing
Education and Research
Electrical and Electronics Manufacturing
Food Processing
Government Defense
Government–Non-defense
Healthcare
Households
Metals Manufacturing
Pharmaceutical Manufacturing
Textile and Clothing Manufacturing
Global Market by End-User Industry
CHAPTER 7 MARKET BREAKDOWN BY ROBOT-PERFORMED TASK
Introduction
Various Tasks Performed by Robots
Assembly
Assisted Care/Transport
Building Security
Construction and Demolition
Couriers and Guides
Dispensing
Entertainment
Floor Maintenance
Exterior Maintenance
Hazardous Materials Disposal
Inspection and Sample Collection
Laboratory Bench Assistance
Material Handling
Painting and Coating
Palletizing and Packaging
Part Cutting and Forming
Surgery
Surveillance
Welding and Soldering
Global Market by Robot-Performed Task
CHAPTER 8 MARKET BREAKDOWN BY PRODUCT TYPE
Introduction
Whole Robots
Robot Parts
Robot Software
Robot Safety Materials
CHAPTER 9 MARKET BREAKDOWN BY REGION
Introduction
North America
Europe
Asia-Pacific
Rest of the World (RoW)
CHAPTER 10 KEY PLAYERS AND STRATEGIES ADOPTED
Introduction
Key Players in the Robotics Technologies Market
Key Market Developments
CHAPTER 11 COMPANY PROFILES
Introduction
ABB LTD.
AETHON, INC. (ST ENGINEERING)
ALPHABET, INC.
AMAZON, INC.
AURIS HEALTH, INC.
BAE SYSTEMS PLC
BARRETT TECHNOLOGY LLC
BLACK-I ROBOTICS INC.
BOSCH REXROTH CORP.
BOSTON DYNAMICS, INC. (HYUNDAI MOTOR GROUP)
CLEARPATH ROBOTICS INC.
COMAU S.P.A.
DEERE & CO.
DENSO ROBOTICS
DIVERSEY HOLDINGS LTD.
DJI
ENERGID TECHNOLOGIES CORP.
FANUC CORP.
GENERAL DYNAMICS MISSION SYSTEMS, INC.
GENESIS SYSTEMS (IPG PHOTONICS CORP.)
HARVEST AUTOMATION INC.
HITACHI LTD.
HONDA MOTOR CO., LTD.
INTUITIVE SURGICAL INC.
KAIROS AUTONOMI
KAWASAKI HEAVY INDUSTRIES LTD.
KUKA AG
LOCKHEED MARTIN CORP.
MAKO SURGICAL (STRYKER)
List of Key Developments Cited in the Old Version
Robotic Associations, Research Institute, Federal Agency and Others
CHAPTER 12 PATENT ANALYSIS
Introduction
Technologically Significant Robotic Patents
LIST OF TABLES
Summary Table: Global Market for Robotics, by Type, Through 2026
Table 1: Global Market Drivers and Trends in Industrial Robots
Table 2: Noteworthy Actuation-Related Research
Table 3: Noteworthy Calibration-Related Research
Table 4: Noteworthy Configuration-Related Research
Table 5: Noteworthy Control-Related Research
Table 6: Noteworthy Robot Learning-Related Research
Table 7: Noteworthy Research Related to Robotic Manipulation
Table 8: Noteworthy Sensor-Related Research
Table 9: Noteworthy Artificial Intelligence-Related Research
Table 10: Noteworthy Autonomy-Related Research
Table 11: Noteworthy Research Related to Localization
Table 12: Noteworthy Materials-Related Research
Table 13: Noteworthy Navigation-Related Research
Table 14: Noteworthy Research Related to Swarming
Table 15: Noteworthy Research Related to Vision
Table 16: Global Market for Robotics, by Type, Through 2026
Table 17: Manufacturing, Value Added, 2020
Table 18: Military Expenditure, by Country, 2020
Table 19: Losses Due to Theft, Robbery, Vandalism, and Arson, by Region, 2020
Table 20: Global Urban Population Concentration and Growth, 2020
Table 21: GDP per Capita, 2020
Table 22: Global High-Technology Exports, 2020
Table 23: General Government Final Consumption Expenditure, by Country, 2020
Table 24: Number of Hospital Beds, 2018
Table 25: Global Market for Robotics, by End-User Industry, Through 2026
Table 26: Global Market for Robotics, by Robot-Performed Task, Through 2026
Table 27: Global Market for Robotics, by Type of Product, Through 2026
Table 28: Global Market for Robotics, by Region, Through 2026
Table 29: North American Market for Robotics, by Type, Through 2026
Table 30: North American Market for Robotics, by End-User Industry, Through 2026
Table 31: North American Market for Robotics, by Robot-Performed Task, Through 2026
Table 32: North American Market for Robotics, by Type of Product, Through 2026
Table 33: European Market for Robotics, by Type, Through 2026
Table 34: European Market for Robotics, by End-User Industry, Through 2026
Table 35: European Market for Robotics, by Robot-Performed Task, Through 2026
Table 36: European Market for Robotics, by Type of Product, Through 2026
Table 37: Asia-Pacific Market for Robotics, by Type, Through 2026
Table 38: Asia-Pacific Market for Robotics, by End-User Industry, Through 2026
Table 39: Asia-Pacific Market for Robotics, by Robot-Performed Task, Through 2026
Table 40: Asia-Pacific Market for Robotics, by Type of Product, Through 2026
Table 41: Rest of the World Market for Robotics, by Type, Through 2026
Table 42: Rest of the World Market for Robotics, by End-User Industry, Through 2026
Table 43: Rest of the World Market for Robotics, by Robot-Performed Task, Through 2026
Table 44: Rest of the World Market for Robotics, by Type of Product, Through 2026
Table 45: Key Robotics Manufacturers, 2020
Table 46: ABB Group: Product Portfolio (Industrial Robots)
Table 47: ABB Group: Net Revenue and Segmental Revenue, 2019 and 2020
Table 48: ABB Group: Strategic Developments, Apr. 2017–Nov. 2021
Table 49: Bosch Rexroth GmbH: Strategic Development, Jul. 2016–Mar. 2021
Table 50: Boston Dynamics, Inc.: Strategic Developments, Mar. 2020–Jun. 2021
Table 51: Clearpath Robotics Inc.: Strategic Developments, Oct. 2016–Oct. 2021
Table 52: Comau: Strategic Developments, Oct. 2018–Oct. 2021
Table 53: DJI: Strategic Developments, Feb. 2017–Oct. 2018
Table 54: Energid Technologies Corp.: Strategic Development, Oct. 2021
Table 55: FANUC Corp.: Products
Table 56: FANUC Corp.: Segmental Revenue, 2016–2020
Table 57: FANUC Corp.: Strategic Developments, Jan. 2016–Feb. 2018
Table 58: Kawasaki Heavy Industries Ltd.: Products
Table 59: Kawasaki Heavy Industries Ltd. (Precision Machinery and Robot): Segmental Revenue, 2016–2019
Table 60: Kawasaki Heavy Industries Ltd.: Strategic Developments, Feb. 2017–May 2021
Table 61: KUKA AG: Products
Table 62: KUKA AG (Robotics): Net Revenue, 2019 and 2020
Table 63: KUKA AG: Strategic Developments, Feb. 2017–Mar. 2018
Table 64: Other Industry Players, and Their Robot Types
Table 65: Robotics Technologies Market: Key Developments, 2016–2018*
Table 66: List of Association, Organization, Federal Agency, Regulatory Body, and Others are Used for This Study
Table 67: Utility Patents and Patent Applications That Reference Robots or Robotics, Dec. 2013–Nov. 2021
Table 68: U.S. Design Patents That Reference Robots or Robotics
Table 69: Recent Re-issued U.S. Patents That Reference Robots
Summary Table: Global Market for Robotics, by Type, Through 2026
Table 1: Global Market Drivers and Trends in Industrial Robots
Table 2: Noteworthy Actuation-Related Research
Table 3: Noteworthy Calibration-Related Research
Table 4: Noteworthy Configuration-Related Research
Table 5: Noteworthy Control-Related Research
Table 6: Noteworthy Robot Learning-Related Research
Table 7: Noteworthy Research Related to Robotic Manipulation
Table 8: Noteworthy Sensor-Related Research
Table 9: Noteworthy Artificial Intelligence-Related Research
Table 10: Noteworthy Autonomy-Related Research
Table 11: Noteworthy Research Related to Localization
Table 12: Noteworthy Materials-Related Research
Table 13: Noteworthy Navigation-Related Research
Table 14: Noteworthy Research Related to Swarming
Table 15: Noteworthy Research Related to Vision
Table 16: Global Market for Robotics, by Type, Through 2026
Table 17: Manufacturing, Value Added, 2020
Table 18: Military Expenditure, by Country, 2020
Table 19: Losses Due to Theft, Robbery, Vandalism, and Arson, by Region, 2020
Table 20: Global Urban Population Concentration and Growth, 2020
Table 21: GDP per Capita, 2020
Table 22: Global High-Technology Exports, 2020
Table 23: General Government Final Consumption Expenditure, by Country, 2020
Table 24: Number of Hospital Beds, 2018
Table 25: Global Market for Robotics, by End-User Industry, Through 2026
Table 26: Global Market for Robotics, by Robot-Performed Task, Through 2026
Table 27: Global Market for Robotics, by Type of Product, Through 2026
Table 28: Global Market for Robotics, by Region, Through 2026
Table 29: North American Market for Robotics, by Type, Through 2026
Table 30: North American Market for Robotics, by End-User Industry, Through 2026
Table 31: North American Market for Robotics, by Robot-Performed Task, Through 2026
Table 32: North American Market for Robotics, by Type of Product, Through 2026
Table 33: European Market for Robotics, by Type, Through 2026
Table 34: European Market for Robotics, by End-User Industry, Through 2026
Table 35: European Market for Robotics, by Robot-Performed Task, Through 2026
Table 36: European Market for Robotics, by Type of Product, Through 2026
Table 37: Asia-Pacific Market for Robotics, by Type, Through 2026
Table 38: Asia-Pacific Market for Robotics, by End-User Industry, Through 2026
Table 39: Asia-Pacific Market for Robotics, by Robot-Performed Task, Through 2026
Table 40: Asia-Pacific Market for Robotics, by Type of Product, Through 2026
Table 41: Rest of the World Market for Robotics, by Type, Through 2026
Table 42: Rest of the World Market for Robotics, by End-User Industry, Through 2026
Table 43: Rest of the World Market for Robotics, by Robot-Performed Task, Through 2026
Table 44: Rest of the World Market for Robotics, by Type of Product, Through 2026
Table 45: Key Robotics Manufacturers, 2020
Table 46: ABB Group: Product Portfolio (Industrial Robots)
Table 47: ABB Group: Net Revenue and Segmental Revenue, 2019 and 2020
Table 48: ABB Group: Strategic Developments, Apr. 2017–Nov. 2021
Table 49: Bosch Rexroth GmbH: Strategic Development, Jul. 2016–Mar. 2021
Table 50: Boston Dynamics, Inc.: Strategic Developments, Mar. 2020–Jun. 2021
Table 51: Clearpath Robotics Inc.: Strategic Developments, Oct. 2016–Oct. 2021
Table 52: Comau: Strategic Developments, Oct. 2018–Oct. 2021
Table 53: DJI: Strategic Developments, Feb. 2017–Oct. 2018
Table 54: Energid Technologies Corp.: Strategic Development, Oct. 2021
Table 55: FANUC Corp.: Products
Table 56: FANUC Corp.: Segmental Revenue, 2016–2020
Table 57: FANUC Corp.: Strategic Developments, Jan. 2016–Feb. 2018
Table 58: Kawasaki Heavy Industries Ltd.: Products
Table 59: Kawasaki Heavy Industries Ltd. (Precision Machinery and Robot): Segmental Revenue, 2016–2019
Table 60: Kawasaki Heavy Industries Ltd.: Strategic Developments, Feb. 2017–May 2021
Table 61: KUKA AG: Products
Table 62: KUKA AG (Robotics): Net Revenue, 2019 and 2020
Table 63: KUKA AG: Strategic Developments, Feb. 2017–Mar. 2018
Table 64: Other Industry Players, and Their Robot Types
Table 65: Robotics Technologies Market: Key Developments, 2016–2018*
Table 66: List of Association, Organization, Federal Agency, Regulatory Body, and Others are Used for This Study
Table 67: Utility Patents and Patent Applications That Reference Robots or Robotics, Dec. 2013–Nov. 2021
Table 68: U.S. Design Patents That Reference Robots or Robotics
Table 69: Recent Re-issued U.S. Patents That Reference Robots
Within the next six years, the global marketplace for robotics will almost triple, accelerating from $98bn in 2018 to surpass $275bn by 2025, according to GlobalData.
The company’s latest Technology Thematic Research report, ‘Robotics’, reveals that the robotics industry will grow at a compound annual growth rate (CAGR) of 16% between 2018 and 2025, with annual growth peaking at 17% in 2022.
The next five years will see rapid growth in cloud-based robot services for armies of installed robots and for robots hired on an as-needed basis, especially by small and medium-sized enterprises, triggering new demand drivers. Despite concern over the future of human jobs and identity, momentum is unlikely to stall for at least the next five years as organizations globally seek boosts to sagging productivity in manufacturing and services across both the public and private sectors.
According to Gary Barnett, Chief Analyst for Technology Thematic Research at GlobalData,
“Growth is being driven by robots becoming progressively cheaper, smarter, more flexible and easier to train. That in turn is making it easier for robots to infiltrate new industries and drive new use cases. Robot proliferation is only just beginning. Say’s law – which states that supply creates its own demand – is revving up ever faster. Industrial robot densities across the world will grow as factory automation accelerates, especially in China. Meanwhile, improvements in technology and the redefinition of robots as connected artificial intelligence agents will increase the proliferation of robots in the factory, in the office, on the roads, in the skies, and at home.”
