Robotics is a fast-growing industry. According to GlobalData forecasts, it was worth $45bn in 2020, and by 2030, it will have grown at a compound annual growth rate (CAGR) of 29% to $568bn. GlobalData expects every segment of the robotics market to grow over the next decade. Industrial robots will function as a growth driver as innovation in the segment will spill over to other areas.
- Science fiction often speculates about robots that are virtually indistinguishable from humans. Yet, the most popular consumer robot is still a vacuum cleaner shaped like a disc. In factories and warehouses, human staff work alongside robots that are incredibly good at performing repetitive and dangerous tasks but do not look or behave like humans.
- AI will allow robots to identify human emotions, and the field of soft robotics is developing robots from materials similar to those found in living organisms. There is a chance that one day life will imitate art and robots and people will look alike. If and when that happens, societies will face an ethical conundrum: what rights to give to non-human creatures that look like us?
- Jacques de Vaucanson would probably not recognize that most of today's robots are related to the flute-playing automaton he built in the 18th century. The same can probably be said about factory workers 100 years later or Egyptians in 3,000 B.C. And yet, today's robots exist to fill the same role that automata have filled for the last 5,000 years. That is, for entertainment or to replace humans in repetitive or strenuous tasks. Industrial robots fall into the latter category. Service robots include machines built to help humans with work or chores at home and robots designed to entertain.
- This report provides an overview of the robotics theme.
- It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- It includes comprehensive industry analysis, including forecasts for robotics revenues to 2030. These forecasts are split by robot type (industrial and service).
- It contains details of M&A deals driven by the robotics theme, and a timeline highlighting milestones in the development of robotics.
- The detailed value chain shows comprises four core segments: hardware components, software components, robot manufacturing, and robotics as a service. Leading and challenging vendors are identified for sub-categories across all four segments.
Reasons to Buy
- Robotics has a long history, but only recently have conditions aligned to unlock its full potential. This report provides a clear and comprehensive overview of the robotics theme and explains the conditions driving its growth. It also includes details of leading vendors across all aspects of the robotics market, from caged industrial robots and industrial co-bots to consumer robots and drones.