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Spending on robotics to hit $135 billion

|29 February 2016|

Worldwide spending on robotics is set to topple $135 billion by 2019, according to the International Data Corporation (IDC).

In the Worldwide Commercial Robotics Spending Guide, IDC forecasts global spending on robotics and related services to grow from more than $71 billion in 2015 to $135.4 billion in 2019.

“Robotics is one of the core technologies that is enabling significant change in manufacturing through factory of the future initiatives. While traditionally used in the automotive industry, there is an increasing adoption of robotics in sectors like electronics, retail, healthcare, logistics, agriculture, services, education, and government,” said Dr Jing Bing Zhang, Research Director, Robotics at IDC Manufacturing Insights. “Such broad-based growth in robotic adoption is being driven by increasing labor costs, shortage of skilled labor, and an increasing emphasis on repeatable quality in conjunction with a reduction in prices of robotic systems and strategic national initiatives.”

John Santagate, Research Manager, Supply Chain at IDC Manufacturing Insights, added: “Robotic capabilities continue to expand while increasing investment in robot development is driving competition and helping to bring down the costs associated with robots.”

 

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Iain Robertson
Written By

Iain is an experienced writer, journalist and lecturer, who held editorships with a number of business focussed publications before co-founding and becoming editor of Innovators Magazine. Iain is also the strategic director for OnePoint5Media.

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