Robotics

• [New] 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.
• [New] 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 $54.3 billion by 2027, experiencing a compound annual growth rate of 18.2%.
• Robot-related services powered by cloud computing will reach US$ 157.8 billion in annual revenue by 2030.
• The Agricultural Robots Market is Expected to Grow from USD 4.6 Billion in 2020 and is Projected to Reach USD 20.3 Billion by 2025; it is Expected to Grow at a CAGR of 34.5%.
• The Global Collaborative Robots Market is expected to grow from USD 216.55 Million in 2019 to USD 1,438.93 Million by the end of 2025 at a Compound Annual Growth Rate of 37.11%.
• The Global Rescue Robot Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2026).
• The number of robots operating worldwide is rising rapidly: by the end of 2020, there will be 3 million new industrial robots in operation, more than double the operational stock over the seven years spanning 2014-2020.
• The global market for robots is expected to see a CAGR of around 26% to reach just under $210 billion by 2025.
• China, the world's second largest economy, is forecast to reach a projected Construction Robots market size of US$ 43.9 Million by the year 2027 trailing a CAGR of 15.8% over the analysis period 2020 to 2027.
• The proliferating trend of automation sweeping across the globe has meant that from 2020 to 2022, almost two million new units of industrial robots are expected to be installed in factories around the world.
• The global market for robotic grippers will experience a compound annual growth rate of 8.5%, growing from $5.6 billion in 2020 to $10 billion by 2026.
• The global augmented reality and virtual reality (VR) market in healthcare is expected to reach $10.82 B by 2025.
• The robot-related services powered by cloud computing will reach US$ 157.8 billion in annual revenue by 2030.
• The global robotic process automation (RPA) market is expected to reach USD 6.81 billion by 2026, exhibiting a promising CAGR of 22.3%.
• The global industrial robotics market is expected to grow from $44.6 billion in 2020 to $73 billion in the next five years, with increasing FDA approval and patent activity.
• Interact Analysis has produced a new report on the mobile robot market, forecasting that revenues will grow by nearly a quarter in 2020, despite the chaos being felt around the world due to the COVID-19 pandemic.
• The International Federation of Robots anticipates interest for robots and cobots to develop by ten percent in 2020.
• Surgical Robots Market is expected to reach a value of ~ US$ 13.1 Bn by 2027, manufacturers are collaborating with technologists to improve the efficacy of robots that contribute toward better patient outcomes.

Last updated: 22 November 2020