Robots

• [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] 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.
• [New] The global military drones market is expected decline from $13.55 billion in 2019 and to $11.83 billion in 2020 at a compound annual growth rate of -12.70%.
• [New] Production of electric vehicles by the major OEMs will accelerate rapidly over the next five years, as will autonomous features.
• [New] The automotive segment is expected to grow significantly faster from < $200M in 2019 to ~ $1.7 B by 2025 E, a ~59% CAGR, as Autos could account for ~50% of the LiDAR market by 2025 E with significant ramps in ADAS / autonomous driving and improving LIDAR technologies.
• [New] By 2030 up to one fifth of the global workforce, or 800 million people, will see their jobs replaced by robotic automation.
• 90% of large organizations worldwide will have adopted RPA in some form by 2022, as they look to digitally empower critical business processes through resilience and scalability, while recalibrating human labor and manual effort.
• China is planning scale production of vehicles capable of conditional autonomous driving and commercialisation of highly autonomous vehicles by 2025.
• Global Automation and Robotics Courses Market are estimated to grow at a CAGR of approximately 15% during the forecast period of 2017-2023.
• The global industry 4.0 market will witness remarkable growth in the coming years owing to the rising adoption for industrial automation, growing usage of robot technology, and an upsurge in government funding to promote digitalization.
• Adoption of Drone / UAV is increasing in India and it is projected that the value of industry and market would be around US$ 885.7 million, while the global market size will touch US$ 21.47 billion by 2021.
• The UK government said the new stop and search powers would apply to people suspected of using drones maliciously nears airports.
• The International Federation of Robots anticipates interest for robots and cobots to develop by ten percent in 2020.
• 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%.
• Security firms have found a way of using interceptor drones that can lock onto a target, release a net and disable it in mid-air.
• Over the next five years the SLAM Robots market will register a 17.4%% CAGR in terms of revenue, the global market size will reach $472.6 million by 2025, from $248.5 million in 2019.
• Japan's drone sensor market is expected to witness rapid growth, in terms of technology and procurement.
• The global market for artificial intelligence for agriculture is expected to surpass $2 billion by 2024.
• 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).
• Autonomous vehicles are expected to contribute to 66% of the passenger-kilometers traveled in 2040, while generating $1.1 trillion in mobility services' revenues and $0.9 trillion in sales.
• New solutions offer a step change in compute for autonomous systems in automotive and industrial automation, which Arm believes will be an $8 billion silicon opportunity in 2030.
• Global robotic process automation (RPA) software revenue is projected to reach $1.89 billion in 2021, an increase of 19.5% from 2020.

Last updated: 22 November 2020