Robotics in Banking – Thematic Intelligence
All the vital news, analysis, and commentary curated by our industry experts.
Robotics in Banking has been emerging as one of the most innovative disruptive technologies. The intelligence residing in robots, including the ability to recognize faces and remember interactions, has presented a learning opportunity for bank development teams and enabled them to see live interaction scenarios with customers. Furthermore, drones are being used as a reaction to health and safety concerns during the COVID-19 pandemic. Post-pandemic, we expect banks to use drones to showcase assets like shipping ports, factories, warehouses, and retail locations to give clients a virtual view of assets before they bid on them.
Robotics has been able to provide a cure for many of the common challenges being faced by the banking sector. For instance, cybersecurity and fraud risks, channel shift, personalization, cost containment, and revenue generation are some of the most common limitations hindering the banking sector’s growth. To combat this, innovative robotic technologies are being adopted in the form of in-branch robots and drones. In this new era of rapid digitalization, robots could also play a role in maintaining personal relationships with customers.
The robotics in banking thematic intelligence report provides a technology briefing that spans the entirety of the robotics value chain. It gives glimpses into the key challenges that banks face as well as investment opportunities for banks across the whole robotics value chain. The report also highlights robotic applications that are currently being undertaken by banks.
Robotics in Banking – Industry Analysis
According to GlobalData forecasts, the robotics industry was worth over $45 billion in 2020. By 2030, it will have grown at a CAGR of almost 30%. The sales of industrial robots accounted for over 30% of the total robotics market. In 2020, the service robot sector was larger than that of industrial robots. However, the industrial robots market will grow faster over the next decade. In addition, robots will become smarter but also more lightweight.
Service and Industrial Robots Revenue ($Billion)
Robotics in Banking Sector Analysis also covers –
- Mergers and Acquisitions
- Robotics timeline
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Robotics in Banking – Value Chain Analysis
The core segments of the value chain of robotics in banking theme are hardware components, software components, robot manufacturing, and robotics as a service. Depending on the application, level of sophistication, and reliability requirements, robotics generally involves several levels of control and processing, including onboard hardware and software, and increasingly, cloud processing and the pooling of knowledge from multiple robots.
Mechanical components are another important element of a robot. They need to be precise, reliable, robust and consume as little power as possible. In many cases, motors and other mechanical components also need to act as sensors, providing feedback to the robot’s processing system to allow it to move more accurately. Companies like Maxon, Keyence, Nabtesco, Omron, Harmonic Drive, Nachi-Fujikoshi, and Nippon Ceramic are all important suppliers to the wider robotics industry.
Drones: Drones fall under the robot manufacturing component of the value chain. They are unmanned aerial systems divided into three main types – consumer drones, commercial drones, and military drones.
Robotics Industry Value Chain
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Leading robotics adopters in banking: Bank of China, Bank of Communications (BOCOM), China Construction Bank, Goldman Sachs, HSBC, and Santander.
Leading robotics vendors: Cognex, Cyberdyne, Estun Automation, FANUC, HollySys, Honda, Intuitive Surgical, iRobot, Keyence, Midea, Nabtesco, Northrop Grumman, Omron, Rockwell Automation, Siasun Robot & Automation, Stryker, Teradyne, and Toyota.
Specialist robotics vendors in banking: ABB, Asimov Robotics, DroneDeploy, Paaila Technology, Temi, and United Robotics Group.
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Retail Banking Sector Scorecard
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our retail banking score sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.
- The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
- The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
- The risk screen ranks companies within a particular sector based on overall investment risk.
Retail Banking Sector Scorecard – Thematic Screen
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Robotics in Banking Overview
|Value Chain||Hardware Components, Software Components, Robot Manufacturing, And Robotics as A Service|
|Market Size (2020)||$45 million|
|Leading Robotics Adopters in Banking||Bank of China, Bank of Communications (BOCOM), China Construction Bank, Goldman Sachs, HSBC, and Santander|
|Leading Robotics Vendors||Cognex, Cyberdyne, Estun Automation, FANUC, HollySys, Honda, Intuitive Surgical, iRobot, Keyence, Midea, Nabtesco, Northrop Grumman, Omron, Rockwell Automation, Siasun Robot & Automation, Stryker, Teradyne, and Toyota|
|Specialist Robotics Vendors in Banking||ABB, Asimov Robotics, DroneDeploy, Paaila Technology, Temi, and United Robotics Group|
Reasons to Buy
- Determine potential investment companies based on trend analysis and market projections.
- Gaining an understanding of the market challenges and opportunities surrounding the robotics theme.
- Understanding how spending on robotics will fit into the overall market and which spending areas are being prioritized.
Israel Military Industries
Johnson & Johnson
Siasun Robot & Automation
Table of Contents
Robotics Value Chain
• Robot manufacturing
• Hardware components
• Software components
• Robotics as a service
The Impact of Robotics on Banking
• Market size and growth forecasts
• Mergers and acquisitions
• Robotics timeline
• Leading robotics adopters in banking
• Leading robotics vendors
• Specialist robotics vendors in banking
• Retail banking sector scorecard
Our Thematic Research Methodology
Frequently asked questions
What are the key components of the robotics in banking industry value chain?
The core segments of the robotics in banking industry value chain are hardware components, software components, robot manufacturing, and robotics as a service.
Which companies are the leading adopters of robotics in banking?
Bank of China, Bank of Communications (BOCOM), China Construction Bank, Goldman Sachs, HSBC, and Santander are the leading adopters of robotics in banking.
Which are the leading robotics vendors in the robotics in banking theme?
Cognex, Cyberdyne, Estun Automation, FANUC, HollySys, Honda, Intuitive Surgical, iRobot, Keyence, Midea, Nabtesco, Northrop Grumman, Omron, Rockwell Automation, Siasun Robot & Automation, Stryker, Teradyne, and Toyota are some of the leading robotic vendors.
Who are the specialist robotics vendors in banking?
ABB, Asimov Robotics, DroneDeploy, Paaila Technology, Temi, and United Robotics Group are the main specialist robotics vendors in banking.
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