Robotics spending to reach USD 188 bln in 2020

Wednesday 11 January 2017 | 12:51 CET | News

Worldwide spending on robotics and related services will more than double by 2020 to more than USD 188 billion in 2020 from USD 91.5 billion in 2016, according to a report by IDC. Consumer, healthcare, and retail industries will experience the fastest growth over the 2015-2020 forecast period.

More than half of all robotics spending comes from the manufacturing. After manufacturing, the three industries with the largest robotics spending in 2016 were 'Resource industries' (USD 8.0 billion), 'Consumer' (USD 6.5 billion), and 'Healthcare' (USD 4.5 billion). These industries will maintain their relative positions throughout the forecast, although consumer spending will significantly narrow the gap with 'Resource industries' by 2020. 'Cross industry' robotics spending, which represents use cases common to all industries, such as warehouse pick and pack, will also rank among the top segments throughout the five-year forecast, the research said.

The report covers spending data on robotic systems, system hardware, software, robotics-related services, and after-market robotics hardware, as well as data on commercial purchase of drones and after-market drone hardware.

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