Robotics

• [New] The autonomous robot is one of the visionary charging concepts that Volkswagen hopes will expand EV charging infrastructure over the next few years.
• [New] Hyundai Motor has shown growing interest in automated vehicle technology and robotics over the past years, and said it will invest up to 1.5 trillion won ($1.4 billion) in robotics by 2025.
• In 2016, the IFR predicted 10% growth for professional service robotics over the next few years from $4.6 Billion, but by 2018 they were recording 61% growth to $12.6 B and by 2020 the IFR has recorded 85% overall growth expecting revenue from service robotics to hit $37 B by 2021.
• According to a study by Market Data Forecast, the telemedicine market in APAC is expected to grow from USD 8.51 billion in 2020 to USD 22.45 billion in 2025, with a compound annual growth rate of 21.4% over the next five years.
• In a recent news conference, the head of the UK military hinted that autonomous robots could soon form a quarter of the British military by the year 2030.
• Robots and artificial intelligence are replacing a larger share of existing jobs, with a recent estimate suggesting that 8.5% of the global manufacturing workforce could be displaced by industrial robots by 2030.
• The benefits of introducing autonomous robot sorting systems within an e-commerce or parcel processing environment are so clear and obvious that in The Mobile Robot Market 2020, Interact Analysis predicts that around 300,000 sortation AMRs will be in operation worldwide within the next four years.
• The market for Automated Guided Vehicles and Autonomous Mobile Robots (AMRs) - or mobile robots grew by a staggering 27% last year and it will continue growing at a double-digit pace over the next five years.
• The global industry 4.0 market will witness remarkable growth in the coming years owing to the rising adoption for industrial automation, growing usage of robot technology, and an upsurge in government funding to promote digitalization.
• Global robotic process automation (RPA) software revenue is projected to reach $1.89 billion in 2021, an increase of 19.5% from 2020, the RPA market is still expected to grow at double-digit rates through 2024.
• Global medical robots market is expected to be growing at a healthy CAGR of 21.8% during the forecast period of 2019 to 2026.
• Technavio has been monitoring the robotic lawn mower market and it is poised to grow by USD 436.16 million during 2020-2024, progressing at a CAGR of over 19% during the forecast period.
• The value of the robotics market is expected to reach $87 billion by 2025, while Tractica forecasts that robotics and AI together will reach a value of $237 billion by 2022.
• A British company has unveiled a new robotic surgery system, which is expected to operate on patients for the first time next year.
• At least a third of activities could be automated in about 60% of occupations, which might be why Market and Markets anticipates the RPA market alone will be worth $493 billion by 2022.
• By 2030 up to one fifth of the global workforce, or 800 million people, will see their jobs replaced by robotic automation.
• Global Automation and Robotics Courses Market are estimated to grow at a CAGR of approximately 15% during the forecast period of 2017-2023.
• The robotics market is poised to grow by $8.92 bn during 2020-2024, progressing at a CAGR of over 3% during the forecast period.
• Artificial intelligence and robotics alone could create almost 60 million new jobs worldwide in the next 5 years.
• While only 8% of U.S. companies have already implemented robotic systems, 24% say they plan to incorporate autonomous robots and assistance systems within the next two to five years; 20% plan to do so even sooner within the next 12-24 months.
• The global market for delivery robots will grow from $14.18 billion in 2019 to $54.3 billion by 2027, experiencing a compound annual growth rate of 18.2%.

Last updated: 10 January 2021