Worldwide Spending on Robotics to Reach $135.4 Billion by 2019

Published by , February 28, 2016 7:19 pm

(ComputerWorld) Worldwide spending on robotics, as well as related services, is expected to jump from a $71 billion market in 2015 to $135.4 billion in 2019, analyst firm IDC announced recently. Jing Bing Zhang, a research director at IDC pointed out,  “There is an increasing adoption of robotics in sectors like electronics, retail, healthcare, logistics, agriculture, services, education and government.” Broad-based growth in robotic adoption is being driven by increasing labor costs, a shortage of skilled labor, and a growing emphasis on repeatable quality, along with a drop in prices of robotic systems.
“Robotics, as a technology, has really reached its tipping point,” said John Santagate, another analyst with IDC Manufacturing Insights. “Robotic capabilities continue to expand, while increasing investment in robot development is driving competition and helping to bring down the costs associated with robots.”