Global Predictions for Robotics in 2017

Jan 4, 2017

Many research groups are predicting an increase in the global robotics market, including the IDC FutureScape group. The document they released estimates continued robotic growth, specifically around 17% through 2019. This is a reflection of the fact that the robotics market is advancing in more ways than one, including the accessibility of robots to be integrated into a wide range of industries.


The ring­ing in of the New Year brings new mar­ket intel­li­gence and pre­dic­tions for robot­ics from the research con­duct­ed by the Inter­na­tion­al Data Cor­po­ra­tion (IDC). The IDC FutureScape doc­u­ment reflects a set of pre­dic­tions after review­ing the pre­vi­ous mar­ket and then esti­mates log­i­cal changes that are expect­ed in the mar­ket for the next 3 years. 

The research that IDC brings to the robot­ic world holds very excit­ing and promis­ing infor­ma­tion; it reas­sures the well known fact that the robot­ics world has grown con­sid­er­ably over the past sev­er­al years and will con­tin­ue to do so. The mar­ket is show­ing an esti­mat­ed 17% com­pound annu­al growth rate and a val­ue that will reach around $135 bil­lion by 2019. This is from the new indus­tri­al rev­o­lu­tion, of sorts, that is span­ning the globe, build­ing up the promise of improv­ing the man­u­fac­tur­ing process through dig­i­tal and automa­tion tech­nol­o­gy. It is not only the indus­tri­al envi­ron­ment that sees rock­et­ing robot sales, but also com­mer­cial ser­vices and appli­ca­tions out­side of the man­u­fac­tur­ing envi­ron­ment, such as hos­pi­tals, ful­fill­ment cen­ters, and even space. Even small man­u­fac­tur­ing com­pa­nies can also expect pos­i­tive changes as the tech­nol­o­gy and prices are mak­ing robot­ics no longer a tool just for large indus­tri­al process­es. The robot­ics mar­ket is quick­ly becom­ing more afford­able, eas­i­er to use, and less complex.

To help the IDC accu­rate­ly pre­dict the robot­ics mar­ket fore­casts, they looked at 6 areas: robot­ic sys­tems, after­mar­ket robot­ics hard­ware, ser­vices relat­ed to robot­ics, sys­tem hard­ware, and soft­ware. The fac­tors that are fuel­ing the growth for the robot­ics mar­ket con­sist of a mix­ture between mar­ket aware­ness and accep­tance and the quick­ly advanc­ing tech­nol­o­gy and ulti­mate­ly, afford­abil­i­ty. Fur­ther­more, the invest­ments into the robot­ics mar­ket from Ven­ture Cap­i­tal and pri­vate equi­ty have become more sig­nif­i­cant. It was also found that mul­ti­ple non-tra­di­tion­al robot­ics com­pa­nies are com­pil­ing ideas and work areas for robots and robot­ic software.

Technology’s rapid advance­ments, such as the Inter­net of Things, are also help­ing the robot­ics mar­ket progress at a fast pace. The IoT helps tie every­thing togeth­er through advanced sen­sors and net­work­ing and pro­duces capa­bil­i­ties to cap­ture, share, and act on real-time data that is con­stant­ly being gen­er­at­ed and imme­di­ate­ly avail­able. Over­all, all of these traits com­bine, with the addi­tion­al options of A.I. and cog­ni­tive com­put­ing, to pro­duce an incred­i­bly effi­cient system.

The above data and thought process­es have cre­at­ed two camps for peo­ple in the world today; (1) robots are job mak­ers and (2) robots are job tak­ers. After fur­ther inves­ti­ga­tion from the IDC, pre­dic­tions were made in two sim­i­lar areas to the areas above; one being the tal­ent race in the field of robot­ics and the oth­er was the poten­tial for gov­ern­ment intervention. 

(1) Ris­ing tech­nolo­gies are able to cre­ate new jobs and new skills that are nec­es­sary to fill those jobs that emerge as new tech­nol­o­gy becomes more wide­ly adopt­ed. There will be a demand for peo­ple with these skills in order to prop­er­ly main­tain, build, devel­op, deploy, man­age, and ser­vice robots for the years to come. Over­all, the IDC said that there is great poten­tial for robot­ics to be a job mak­er with these nec­es­sary new skills across a wide range of areas. Addi­tion­al­ly, the report pre­dicts that future years will cre­ate a larg­er tal­ent gap around robot­ics skills. and by 2020, robot­ics growth will accel­er­ate the tal­ent race, leav­ing 35% of robot­ics relat­ed jobs vacant while the aver­age salary increas­es by at least 60%.”

(2) In regards to the poten­tial for gov­ern­ment inter­ven­tion, the IDC thinks that by 2019, gov­ern­ments will begin imple­ment­ing robot­ics-spe­cif­ic reg­u­la­tions to pre­serve jobs and to address con­cerns of secu­ri­ty, safe­ty, and pri­va­cy.” This is to incen­tivize the use of human labor in order to main­tain jobs. The IDC pur­pose­ful­ly left the pre­dic­tion slight­ly vague because at the inter­sec­tion of gov­ern­ments, busi­ness, tech­nol­o­gy, and soci­ety there are still a mul­ti­tude of chal­lenges to tackle. 

Over­all, it can­not go unno­ticed that robots are mak­ing a big move into our every­day life, whether it is large busi­ness or small ones, they are help­ing to increase the lev­el of automa­tion and bet­ter dri­ve effi­cien­cies. The robot­ics mar­ket is tru­ly advanc­ing at rapid lev­els, in pret­ty much every cor­ner possible.

Robots​.com is proud to be along for the ride as tech­nol­o­gy con­tin­ues to devel­op and reshape the way the world con­quers automa­tion man­u­fac­tur­ing at all lev­els. For any ques­tions about automa­tion, please feel free to con­tact our team of experts at Robots​.com. We are ready to pro­vide you with more infor­ma­tion, con­tact us online or at 8777626881 today!

Infor­ma­tion source: All data for this arti­cle was obtained from Robot­ics Tomor­row.

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