In robotics, Say’s law – which states that supply creates its own demand – is revving up ever faster, due to robots becoming progressively cheaper, smarter, more flexible and easier to train. This makes it easier for robots to infiltrate new industries and spawn new use cases at scale. Indeed, with compounding advances in technology, robots are being redefined as essentially physically embodied artificial intelligence (AI) agents. In 2018 the global robotics market was worth $98 billion, and it will have surpassed $275 billion by 2025, according to GlobalData forecasts. Over the next five years there will be a 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 (SMEs), triggering new demand drivers. It is all happening amid rising angst about human jobs and even human identity, but the momentum is unlikely to be stalled, at least over the next five years, as boosts to sagging productivity in manufacturing and services across both the public and private sector are sought by organizations across the world.
This report focuses on the global robotics industry.
It highlights the main trends that will shape the robotics market over the next 12 to 24 months.
It provides a clear value chain of the theme.
It provides data on overall market size and growth forecasts, information on key mergers and acquisitions, and a timeline to highlight key milestones in the evolution of the robotics theme.
In 2018, the global robotics industry was worth $98 billion, according to GlobalData estimates. By 2025, it will have nearly tripled in size to $278 billion. To a certain degree, the robotics industry is likely to follow Say’s law of markets, which states that supply creates its own demand. Ever more capable, connected and affordable robots will infiltrate new industries and spawn new use cases – in agriculture, security, entertainment, and retail – promising to keep the industry as a whole on a double-digit compound annual growth rate (CAGR) until 2025. Industrial robot densities across the world will grow as factory automation accelerates, especially in China. Improvements in technology and the redefinition of robots as connected AI agents will increase the proliferation of robots in the factory, in the office, on the roads, in the skies, and at home.
Reasons to Buy
This report provides an overview of the global robotics market, highlighting the leading players across segments like software components, hardware components, and robot manufacturers, as well as identifying key emerging players.
It provides growth forecasts for the global robotics industry and information on merger and acquisition activity.
The value chain splits the robotics industry into three core segments: robot manufacturers, robot brains, and robotic components.
HollySys Automation Technologies
Siasun Robot & Automation
Table of Contents
Appendix: Our "thematic" research methodology