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Robotics space gains from robust manufacturing spending

Posted: 29 Feb 2016 ?? ?Print Version ?Bookmark and Share

Keywords:IDC? manufacturing? robotics? healthcare? automotive?

International Data Corp. (IDC) has recognised robotics as one of six Innovation Accelerators that will expedite digital transformation by opening additional revenue streams and revolutionising the way work is performed. In the latest Worldwide Commercial Robotics Spending Guide, the market research firm forecast global spending on robotics and related services to grow at a CAGR of 17 per cent from more than $71 billion in 2015 to $135.4 billion in 2019.

The spending guide measures purchases of robotic systems, system hardware, software, robotics-related services, and after-market robotics hardware on a regional level across 13 key industries and 52 use cases.

"Robotics is one of the core technologies that is enabling significant change in manufacturing through factory of the future initiatives. While traditionally used in the automotive industry, there is an increasing adoption of robotics in sectors like electronics, retail, healthcare, logistics, agriculture, services, education and government," said Jing Bing Zhang, research director, robotics at IDC Manufacturing Insights. "Such broad-based growth in robotic adoption is being driven by increasing labour costs, shortage of skilled labour and an increasing emphasis on repeatable quality in conjunction with a reduction in prices of robotic systems and strategic national initiatives."

Not surprisingly, worldwide robotics spending is dominated by the discrete and process manufacturing industries, which represented 33.2 per cent and 30.2 per cent of total spending in 2015, respectively. Resource, healthcare and the transportation industries are the next three largest commercial industries in terms of overall robotics spending. Process manufacturing and healthcare are two of the fastest growing industries, with worldwide spending in each forecast to nearly double by 2019.

Services-related spending to surpass robotics

From a technology perspective, worldwide spending on robotics systems, which includes consumer, industrial and service robots, is forecast to grow to nearly $32 billion in 2019. However, services-related spending, which encompasses applications management, education & training, hardware deployment, systems integration and consulting, will grow to more than $32 billion in 2019, overtaking robotics systems and becoming both the largest and fastest-growing category of spending by the end of the forecast. Total spending on system hardware (servers and storage) and software (command and control, network infrastructure and robotics-specific applications) will grow nearly as fast as services spending.

The Asia-Pacific region including Japan accounts for more than 65 per cent of total robotics spending throughout the forecast. Europe, the Middle East, and Africa (EMEA) is the second largest region with expenditures of $14.6 billion in 2015, followed by the Americas with 2015 spending totals of $9.7 billion. Robotics spending will nearly double in Asia-Pacific over the 2015-2019 forecast period, making it the fastest growing region followed by the Americas.

"Robotics as a technology has really reached its tipping point," said John Santagate, research manager, supply chain at IDC Manufacturing Insights. "Robotic capabilities continue to expand while increasing investment in robot development is driving competition and helping to bring down the costs associated with robots."

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