IDC: Worldwide spending on robotics to reach $188 billion in 2020

Published
January 11,2017 - 04:00am

Related Glossary Terms

  • robotics

    robotics

    Discipline involving self-actuating and self-operating devices. Robots frequently imitate human capabilities, including the ability to manipulate physical objects while evaluating and reacting appropriately to various stimuli. See industrial robot; robot.

Robot use is set to accelerate: Worldwide spending on robotics and related services will more than double by 2020, growing from $91.5 billion in 2016 to more than $188 billion in 2020, according to the newly updated Worldwide Commercial Robotics Spending Guide from International Data Corporation (IDC).

More than half of all robotics spending comes from the manufacturing sector, with Discrete Manufacturing delivering 31% and Process Manufacturing providing 28% of the worldwide total in 2016, according to an IDC news release. "This situation will remain relatively unchanged throughout the forecast with the two industries investing nearly $110 million in robotics in 2020," it continued. "The leading robotics use case in Discrete Manufacturing is assembly, welding and painting, while mixing is the leading use case in Process Manufacturing."

"Robotics is now an integral part of industry transformation, which has brought about significant improvement in operational agility and efficiency in both developed and emerging markets," stated Dr. Jing Bing Zhang, research director, Robotics at IDC Manufacturing Insights. "We are seeing faster growth of robotics adoption in general industry roles, and some of the leading suppliers we tracked have enjoyed compound annual growth rates of more than double that for automotive industry for the past few years."

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Author

Former Senior Editor
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Michael Anderson, former senior editor at Cutting Tool Engineering magazine, holds a master's degree in written communication from Eastern Michigan University. He has been professionally writing about manufacturing technology since 1998, including more than 10 years at the Society of Manufacturing Engineers.