PUBLISHER: Mind Commerce | PRODUCT CODE: 1220154
PUBLISHER: Mind Commerce | PRODUCT CODE: 1220154
This report evaluates the global and regional robotics marketplace including the technologies, companies, and solutions for robots in the industrial, enterprise, military, and consumer segments. The report includes detailed forecasts for robotics by robot type, components, capabilities, solutions, and connectivity for 2023 to 2028.
This report also includes analysis with forecasts covering AI technology and systems by type, use case, application, and industry vertical. Forecasts also cover each major market sector including consumer, enterprise, industrial, and government. Components included in forecasts include: Controllers, Robotic Arms, End Effectors, Drive Systems, Sensors, Power Supply, Motors, Grippers, Transducers, Hydraulic Cylinders, Wheels, Linear Actuators, Processors, and ICs.
With the substantial amount of capital behind global industrial automation, the industrial robotics sector will continue a healthy growth trajectory, which is supported by many qualitative and quantitative benefits including cost reduction, improved quality, increased production, and improved workplace health and safety.
In the wake of the pandemic, we see a major push for further automation and robotics, especially within the United States service sector. This is because many businesses see repetitive tasks as performed with great safety, less expense, and reduced probability for service disruption with robotics rather than reliance upon human workers.
Robotics is increasingly used to improve enterprise, industrial, and military automation. In addition, robots are finding their way into more consumer use cases as the general public's concerns fade and acceptance grows in terms of benefits versus risks. While many consumer applications continue to be largely lifestyle-oriented, enterprise, industrial, and military organizations utilize both land-based and aerial robots that are used for various repetitive, tedious, and/or dangerous tasks. Adoption and usage are anticipated to rapidly increase with improvements to artificial intelligence, robotic form factors, and fitness for use, cloud computing, and related business models, such as robotics as a service.
The global robotics market is broadly segmented into enterprise, industrial, military, and consumer robotics. Major market segments that cross-over industries include Healthcare bots, Unmanned Aerial Vehicles, and autonomous vehicles. Enterprise Robotics includes the use of robots for both business-to-business and business-to-consumer services and support. Functions include internal business operations and processes, delivery of goods and services, research, analytics, and other business-specific applications.
The next decade will witness substantial influence of AI upon robotics. The next generation of robotics will include many pre-integrated AI technologies such as machine vision, voice and speech recognition, tactile sensors, and gesture controls. AI has enabled consumer robots to learn while performing a variety of tasks including cleaning, controlling home appliances, reading, performing butler services, and many more. It is anticipated that further improvement in AI and related technologies such as cognitive computing and sensor fusion, will enable consumer robots to take on increasingly more difficult tasks.
The degree to which AI capabilities in robotics optimize operational efficiency and effectiveness will largely depend on the contextual capabilities of connected devices. This means that the relationship of IoT to AI and robotics will be much intertwined. AI helps robots learn and become more effective, but both technologies depend on IoT networks for sharing information among devices and applications.
Longer-term, the publisher sees many robotics and automation solutions involving multiple AI types as well as integration across other key areas such as the Internet of Things (IoT) and data analytics. The combination of AI and the IoT has the potential to dramatically accelerate the benefits of robotics for consumer, enterprise, industrial, and government market segments.
Leading industry verticals are beginning to see improved operational efficiency through the intelligent combination of AI and robotics. The long-term prospect for these technologies is that they will become embedded in many different other technologies and provide autonomous decision-making on behalf of humans, both directly, and indirectly through many processes, products, and services.
The military robotics market is an important segment from both an R&D perspective (e.g. many robotics innovations are funded by government/military projects) as well as cross-over into business and consumer markets such as the public safety arena. The consumer robotics sector is in its infantile stage but is anticipated to exceed all other sectors in terms of scale, variety, and impact in the long run.
We see substantial overall industry growth across a wide range of robot types that engage in diverse tasks such as home cleaning, personalized healthcare service, home security, autonomous cars, robotic entertainment, and personal care services, managing daily schedules, and various assistive tasks. A few key factors such as the ageing population, personalization services trends, and robot mobility will drive growth in this industry segment.
Robotics in business will accelerate as less expensive hardware and improvements in AI lead to improved cost structures and increased integration with enterprise software systems respectively. The massive amount of data generated by robotics will create opportunities for data analytics and AI-enabled decision support systems. Enterprise users will capitalize upon new and enhanced robotics capabilities to enable new use cases and improved workflow. Many business processes will change as the enterprise becomes savvier about the flexibility of robotics uninhibited by bandwidth constraints.
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