Market Research Report
Robotics and Autonomous Machines Market Forecast: The Market for Robots, UAVs & AVs is Experiencing Rapid Growth as AI, Machine Learning/Vision, Autonomous Machines, and Cobots Boost Production in Smart Factories, Logistics Centers, and Homes
|Published by||Omdia | Tractica||Product code||962048|
|Published||Content info||30 Pages; 23 Tables, Charts & Figures
Delivery time: 1-2 business days
|Robotics and Autonomous Machines Market Forecast: The Market for Robots, UAVs & AVs is Experiencing Rapid Growth as AI, Machine Learning/Vision, Autonomous Machines, and Cobots Boost Production in Smart Factories, Logistics Centers, and Homes|
|Published: September 24, 2020||Content info: 30 Pages; 23 Tables, Charts & Figures||
The global robotics market has shifted from an industrial focus toward non-industrial robots. New robot technologies have made new use cases possible in recent years. While some of this progress is due to improvements in hardware, many of these innovative use cases are made possible by advances in artificial intelligence (AI), machine vision, and machine learning. Emerging markets include consumer robots, commercial unmanned aerial vehicles (UAVs), autonomous vehicles (AVs), and delivery robots.
In 2020, the global COVID-19 pandemic has caused disruptions to the availability of components, production in factories, and demand from end users. This has resulted in an overall contraction in the industry during 2020 that will likely to extend into at least part of 2021. On the other hand, the need for business continuity related to production and logistics in the future is likely to fuel demand for robotic solutions once the global economy starts to recover. Despite setbacks, Omdia expects continued and expanded growth in the robotics industry, especially for non-industrial applications in logistics, smart manufacturing, and AVs. These emerging applications are expected to boost the market from $60bn in 2019 to $286bn by 2026.
This Omdia report provides a concise sizing of the robotics market with revenue and shipment forecasts and analysis. Global market forecasts, segmented by robot type, market, and geographic region, extend through 2026.