Robotics in Banking – Thematic Intelligence

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Published: December 07, 2022 Report Code: GDRB-TR-S055-TH

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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)

Service and Industrial Robots Revenue ($Billion)

Robotics in Banking Sector Analysis also covers –

  • Mergers and Acquisitions
  • Robotics timeline

To know more about the robotics in banking industry analysis, download a free report sample

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

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

Retail Banking Sector Scorecard – Thematic Screen

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Robotics in Banking Overview

Report Pages 55
Regions Covered Global
Value Chain Hardware Components, Software Components, Robot Manufacturing, And Robotics as A Service
Market Size (2020) $45 million
CAGR (2020-2030) ~30%
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.

3D Systems
ABB
Abundant
Robotics
Aerobotix
Agrobot
Airbus
Alibaba
Amazon
Ambarella
American Robotics
Armach Robots
Aselsan
Autel Robotics
AVIC
Baker Hughes
Bear Robotics
Bell Textron
Boeing
Broadcom
C2RO
CASC
Cisco
Clearpath
Cognex
Cyberdyne
Dedrone
DJI
Donecle
Done Works
DSME
Dyson
Exo Robotix
Elbit Systems
Esko Bionics
Estun Automation
ExRobotics
FANUC
Flytrex
Focal Meditech
Franka Emika
General Atomics
Ghost Robotics
Gitai
Google
Hahn Group
Harmonic Drive
HollySys
Honda Robotics
Honeywell
Hyndai Motor
Infineon
Intel
Intuitive Surgical
iRobot
Israel Military Industries
John Deere
Johnson & Johnson
Kawasaki
Keyence
KOKS
Leidos
LIGNex1
Lockheed Martin
Mainblades Inspections
Medtronic
Microsoft
Midea
Mitsibushi Motors
Nabtesco
Northrop Grumman
NXP
Ocado
Omron
Parker Hannifin
Parrot
Preferred Networks
QinetiQ
Qualcomm
Rabbit Tractors
Raytheon Technologies
ReWalk Robotics
Rheinmetall
Robotiq
Rockwell Automation
Saab
Sabrewing
Samsung Electronics
Seegrid
Siasun Robot & Automation
Sigma Robotics
Softbank
Sony
Stellantis
Stratom
Stryker
TE Connectivity
Teradyne
Thales Group
Titan Robotics
Toyota
U Btech
Vecna
Volatus Aerospace
Yaskawa
Yuneec
Zimmer Biomet
Zora Robotics

Table of Contents

Executive Summary

Robotics Value Chain

• Robot manufacturing

• Hardware components

• Software components

• Robotics as a service

Banking Challenges

The Impact of Robotics on Banking

Case Studies

Data Analysis

• Market size and growth forecasts

• Mergers and acquisitions

• Robotics timeline

Companies

• Leading robotics adopters in banking

• Leading robotics vendors

• Specialist robotics vendors in banking

Sector Scorecard

• Retail banking sector scorecard

Glossary

Further Reading

Our Thematic Research Methodology

About GlobalData

Contact Us

Frequently asked questions

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