Global Robotics Industry to Witness Challenges
December 3, 2015 | PRNewswireEstimated reading time: 1 minute
The global robotics industry is at a critical turning point, at which new and upcoming non-industrial markets like autonomous vehicles, consumer robots, enterprise robots, and unmanned aerial vehicles (UAVs) are expected to overshadow traditional markets like industrial robotics. The years between 2015 and 2020 will redefine the way humans think about robots, as they become integral to our daily lives, setting the scene for the next decade, which will be heavily influenced by robotics and artificial intelligence (AI).
Around the world, new industry players and markets are emerging to assume an important role in the ongoing development of the robotics industry. Technologies like AI, machine vision, voice and speech recognition, tactile sensors, and gesture control will drive robotic capabilities far beyond what is possible today, especially in terms of autonomy. There is also a regional shift in the industry's center of gravity taking place, moving from Japan, which has been the nerve center of robotics innovation for decades, to the United States, specifically Silicon Valley where the future of robots is being shaped today. Against this backdrop of technology and market evolution, Tractica forecasts that the global robotics industry will grow from $28.3 billion worldwide in 2015 to $151.7 billion by 2020. The firm forecasts that most of this growth will be driven by non-industrial robots, which includes segments like consumer, enterprise, medical, military, UAVs, and autonomous vehicles.
This Tractica report includes global market sizing, segmentation and forecasts for the robotics industry within 22 distinct application markets in the consumer, enterprise, industrial, and military domains. Unit shipments and revenue forecasts are included for each application market, segmented by world region. The report also includes technology attach rates for machine vision, voice/speech recognition, gesture recognition, and tactile sensors, plus connectivity technologies for consumer robots. The forecast period for this report extends from 2015 through 2020.
Suggested Items
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Real Time with... IPC APEX EXPO 2024: Going Vertical: SCHMID's Advanced Solutions for Printed Circuit Boards
04/24/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont chats with Bob Ferguson, the president of SCHMID, about advanced solutions for PCBs and the equipment they are highlighting at this year's show. He delves into vertical no-touch handling systems and the prospect of achieving sub-10-micron lines. Inspired by SCHMID's technology, Bob expresses excitement about where the industry is today.
Big Win for Defense Production Act Budget Allocation in FY24 Budget
04/23/2024 | I-Connect007 Editorial TeamOne year ago, President Biden issued a determination that chips and packaging are critical for national security. Since that time, much work has been done to continue the conversation in Washington, elevating the importance of the entire chips value chain, and including printed circuit boards and substrates, without which chips cannot operate.
Zentech’s Board of Directors Announces the Return of Matt Turpin as President and CEO
04/22/2024 | Zentech ManufacturingTurpin draws upon over 35 years of experience in the electronics industry and has an 18-year history with Zentech. He previously served as President and CEO from 2006 to 2019 after which time he has remained active in the EMS industry as an advisor to Zentech and other industry organizations.
Aaron Woolf, Dylan Peterson Join SIA Team
04/22/2024 | SIAThe Semiconductor Industry Association (SIA) announced Aaron Woolf and Dylan Peterson have joined the SIA team. Woolf will serve as director of global policy for economic security and Peterson will be a communications associate. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.