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Engineering

Robotics: Technologies and Global Markets

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REPORT HIGHLIGHTS

  • The global demand for robots and robot-related products was worth around $21 billion in 2010. The market is expected to grow to nearly $22 billion in 2011 and $30 billion by 2016, a compound annual growth rate (CAGR) of 6.7% between 2011 and 2016.
  • The Asian market will show the largest growth over the forecast period. This sector is valued at nearly $7 billion in 2011 and is expected to increase at a 7.2% compound annual growth rate (CAGR) to reach nearly $11 billion in 2016.
  • The North American market is estimated to reach nearly $5 billion in 2011 and is expected to increase at a 2.7% compound annual growth rate (CAGR) to reach nearly $6 billion in 2016.

SUMMARY FIGURE
DEMAND FOR ROBOTS, 2009-2016
($ MILLIONS)
Source: BCC Research