Robotics: Technologies and Global Markets
The market for whole robots, robot parts, robot software, and related safety materials now approaches $22 billion. BCC Research forecasts it will rise at a five-year compound annual growth rate (CAGR) of 5.9% between 2013 and 2018, when it’s expected to surpass $29 billion.
- An overview of recent key developments in the global market for robotics and a look ahead at the next five years
- Analyses of global market trends, with data from 2011 and 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018
- A review of the history of the robotics industry, and of the six basic types of robots: industrial, domestic service, professional service, security, space, and military
- Examination of the basic technology and components (e.g., power supplies, end effectors) that are required on all types of robots
- Discussion of the broader economic, national policy, and industrial development issues that support, and in some cases, impede the adoption of robotic technology
- A developmental perspective of the robotics industry, as documented by its patent history
- Comprehensive company profiles of major players in the industry.
Robotics: Technologies and Global Markets 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. The study itself is divided into eight chapters followed by an appendix. Chapters One through Five focus on the markets for robots and present the study’s demand forecasts. Chapters Six and Seven, respectively, describe basic and advanced robotic components and systems. Chapter Eight is a patent analysis that includes names and titles of more than 700 patents referencing robots that have been issued since May 1, 2011. Abstracts of key patents, since the beginning of the industry, offer an historical perspective. The Appendix contains names, contact information, and brief descriptions of the major academic, government and commercial stakeholders in the broader robotics enterprise. A Summary Table with an accompanying chart and 77 additional tables, most of which present forecast data, round out the presentation.
James Wilson is a technology analyst, who has previously served as editor of the Princeton Business Journal and as senior science and technology editor for Hearst Magazines. He is a past member of the National Association of Science Writers and the American Medical Writers Association. Wilson served on the adjunct faculty of Temple University and on the staffs of Drexel University and the Academy of Natural Sciences.
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 global robotics industry was worth $17.3 billion in 2008 and an estimated $17.6 billion in 2009. This should reach $21.4 billion in 2014, for a compound annual growth rate (CAGR) of 4.0%.
- The industrial robots segment is the largest segment, worth $11.5 billion in 2008. This is expected to decrease slightly to $10.5 billion in 2009, and then grow at a CAGR of 2.8% to reach $12.1 billion in 2014.
- Professional service robots is the second largest segment, generating $3.3 billion in 2008. This should increase to $4.0 billion in 2009 and $5.4 billion in 2014, for a CAGR of 6.0%.
By 2007, the robotics market will be a $16 billion industry.
Great gains will be seen in the realm of nanopositioning robotic tools.
Robots that perform hazardous and tedious duties will see extremely attractive growth rates.
Autonomous mechanical creatures will find their way into current environments.