Non-Industrial Markets Leading Global Robotics Industry to Surpass $151 Billion By 2020

Published by , November 23, 2015 11:20 am

(InvestorIdeas) — The global robotics industry is at a critical turning point, at which new and upcoming non-industrial markets like autonomous vehicles, consumer robotics, enterprise robots, and unmanned aerial vehicles are expected to overshadow traditional markets like industrial robotics. According to a new report from market intelligence from Tractica, the global robotics industry will grow from $28.3 billion worldwide in 2015 to $151.7 billion by 2020. The years between 2015 and 2020 will redefine the way humans think about robots, as they become integral to our daily lives, setting the scene for the next decade, which will be heavily influenced by robotics and artificial intelligence.

Tractica anticipates that annual robot unit shipments will increase from 8.8 million in 2015 to 61.4 million by 2020, with more than half the volume in that year coming from consumer robots. Tractica’s report, “Robotics Market Forecasts,” includes global market sizing, segmentation, and forecasts for the robotics industry within 22 distinct application markets in the consumer, enterprise, industrial, and military domains.

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