Robotics – Thematic Research
In robotics, Say’s law – which states that supply creates its own demand – is revving up ever faster, due to robots becoming progressively cheaper, smarter, more flexible and easier to train. This makes it easier for robots to infiltrate new industries and spawn new use cases at scale. Indeed, with compounding advances in technology, robots are being redefined as essentially physically embodied artificial intelligence (AI) agents. In 2018 the global robotics market was worth $98 billion, and it will have surpassed $275 billion by 2025, according to GlobalData forecasts. Over the next five years there will be a rapid growth in cloud-based robot services for armies of installed robots and for robots hired on an as-needed basis, especially by small and medium-sized enterprises (SMEs), triggering new demand drivers. It is all happening amid rising angst about human jobs and even human identity, but the momentum is unlikely to be stalled, at least over the next five years, as boosts to sagging productivity in manufacturing and services across both the public and private sector are sought by organizations across the world.
Scope
This report focuses on the global robotics industry.
It highlights the main trends that will shape the robotics market over the next 12 to 24 months.
It provides a clear value chain of the theme.
It provides data on overall market size and growth forecasts, information on key mergers and acquisitions, and a timeline to highlight key milestones in the evolution of the robotics theme.
Key Highlights
In 2018, the global robotics industry was worth $98 billion, according to GlobalData estimates. By 2025, it will have nearly tripled in size to $278 billion. To a certain degree, the robotics industry is likely to follow Say’s law of markets, which states that supply creates its own demand. Ever more capable, connected and affordable robots will infiltrate new industries and spawn new use cases – in agriculture, security, entertainment, and retail – promising to keep the industry as a whole on a double-digit compound annual growth rate (CAGR) until 2025. Industrial robot densities across the world will grow as factory automation accelerates, especially in China. Improvements in technology and the redefinition of robots as connected AI agents will increase the proliferation of robots in the factory, in the office, on the roads, in the skies, and at home.
Reasons to Buy
This report provides an overview of the global robotics market, highlighting the leading players across segments like software components, hardware components, and robot manufacturers, as well as identifying key emerging players.
It provides growth forecasts for the global robotics industry and information on merger and acquisition activity.
The value chain splits the robotics industry into three core segments: robot manufacturers, robot brains, and robotic components.
Key Players
Table of Contents
Get in touch to find out about our multi-purchase discounts
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
