Research and Development Spending in the Robotics Industry Growth And Segment Forecasts To 2020

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Research and Development Spending in the Robotics Market Share,
Size, Emerging Trends and Growth, Analysis, Overview and Forecasts
2016-2020
Technavio Announces the Publication of its Research Report – Global R&D Spending in Robotics Industry
2016-2020
Technavio recognizes the following companies as the key players in the global R&D spending in robotics
industry: ABB, iRobot, Yaskawa Electric, Kawasaki Heavy Industries, and Kuka.
Other Prominent Vendors in the market are: Adept, Ekso Bionic, Honda, Lockheed Martin, Nachi
Robotics, Rethink Robotics, Staubli Robotics, and Yamaha Robotics.
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Commenting on the report, an analyst from Technavio’ s team said: “Cloud robotics will be a key trend
for the market. Cloud robotics use shared services such as computing, storage, and other Internet
technologies that are cloud-based and enhance the capabilities of robots. Connectivity and cloud
services are crucial to leverage computational resources and capabilities. Developers can use off-board
computing and storage power to develop algorithms for cloud robotics. They improve object
recognition, map storage capabilities, and the ability to share data between robots.”
According to the report, customer demand for better technology and products may escalate the race for
robotics patents which will be a key driver for market growth. Robots have become an essential part of
both manufacturing industries and services industries such as automotive, electronics and electricals,
defense, and healthcare. Advances in technologies, such as sensors and grippers, have helped robots to
work in tandem with human workforces. Robots are becoming more adaptive and flexible and may
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resemble the biological structure of human beings. In addition, they can be instructed and programmed
remotely through the cloud.
Further, the report states that unbalanced global economic recovery will be a challenge for the market.
We anticipate that the unbalanced and slow growth in the global economy will hinder R&D investment
in robotics technology during the forecast period. The slow growth of the economy will discourage
manufacturers from investing in R&D because market demand for robots may decline.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About the R&D activities in robotics technologies
The robotics market is witnessing a major makeover in terms of investments for both R&D activities and
product development both through vendor CAPEX and equity funding. The rising investments is directly
related to the growing adoption of robotic technologies in the industrial and service sector. The funding
options for the established vendors and start-ups are governed by the level of innovation involved in the
product and technologies. Apart from the investments made by OEMs and VCs, governments of leading
robotic technology adoption countries are investing on robotic solution vendors to develop the
accessibility of robotics for different types of industries.
Technavio’ s analysts forecast the global R&D spending market in the robotics industry to grow at a
CAGR of 17.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global R&D spending market in
the robotics industry for 2016-2020. To calculate the market size, Technavio considers the revenue
generated from the total investments in R&D in the robotics industry.
The
market
•
Americas
• APAC
• EMEA
is
divided
into
the
following
segments
based
on
geography:
Technavio's report, Global R&D Spending Market in Robotics Industry 2016-2020, has been prepared
based on an in-depth market analysis with inputs from industry experts. The report covers the market
landscape and its growth prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
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Market Reports Center
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According to the report, customer demand for better technology and products may escalate the race for robotics patents which will be a key driver for market growth.