The robotics market continues to experience a profound and significant restructuring as the traditional industrial robotics sector continues to shrink as an overall percentage of the total robotics market. According to a new report from Tractica, non-industrial robots represented 70 percent of the $39.3 billion robotics market globally in 2017, growing from a 64 percent share in 2016. By the end of 2018, the market intelligence firm expects that non-industrial robots will rise to 76 percent of the total market, which will have grown to $52.7 billion by that time.
Tractica’s analysis finds that most robotics industry growth is being driven by segments like consumer, enterprise, healthcare, military, unmanned aerial vehicles (UAVs) and autonomous vehicles.
According to Tractica Research Director Aditya Kaul, “Consequences of this shift are already beginning to play out, evidenced by recent acquisitions of industrial robotics companies by players in other sectors, including consumer electronics companies.”
Moreover, Kaul adds that the epicenter of robotics continues to shift from the traditional centers of Japan and Europe toward the emerging artificial intelligence (AI) hotbeds of Silicon Valley and China. “AI technologies like deep learning, computer vision and natural language processing are revolutionizing autonomy and UI/UX capabilities in robots,” said Kaul.
Tractica’s report, “Robotics Market Forecasts,” covers the global market for robotics, including consumer robots, enterprise robots, industrial robots, healthcare robots, military robots, UAVs and autonomous vehicles. An executive summary of the report is available for free download on the firm’s website, tractica.com.