Report Highlights
- The global robotics industry was worth $17.3 billion in 2008 and an estimated $17.6 billion in 2009. This should reach $21.4 billion in 2014, for a compound annual growth rate (CAGR) of 4.0%.
- The industrial robots segment is the largest segment, worth $11.5 billion in 2008. This is expected to decrease slightly to $10.5 billion in 2009, and then grow at a CAGR of 2.8% to reach $12.1 billion in 2014.
- Professional service robots is the second largest segment, generating $3.3 billion in 2008. This should increase to $4.0 billion in 2009 and $5.4 billion in 2014, for a CAGR of 6.0%.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
Suddenly and unexpectedly the cost benefit equation that has historically driven the growth of the robotics industry, has become unbalanced. When industries see such rapid declines, the cause is typically an industry wide unwillingness to modernize in order to meet changing customer needs. Very much the opposite has happened with the robotics industry. Here is an industry that, by all appearances, has done everything correctly. Robot makers have introduced new products that meet customer needs. They have repeatedly modernized to keep pace with changing platforms for integrating design and manufacturing, and they have produced higher quality robots that continue to labor years beyond their anticipated service life. Yet the industry’s growth has effectively flat lined, not once, but twice. The first time occurred after the 2001 terrorist attacks, and it happened again during 2008. The great paradox of the robotics industry is that this apparently failing patient has amazingly strong vital signs. An industry that was once grounded in a handful of highly specialized types of industrial and space robots has expanded to include new, commercially viable types of domestic and professional service robots, as well as military and security robots. In this analysis, BCC Research describes the macro and micro developments that have begun to coalesce to produce a new era of sustainable growth that will propel the robotics industry to a greater than $21 billion worldwide market by 2014.
- Identifies the causes of the sudden and sharp fall off in demand for robotics.
- Describes the changes leading to recovery.
- Identifies the most promising areas for robotics through 2014.
- Forecasts global and country specific demand for six generic types of robots.
- industrial robots
- domestic service robots
- professional robots
- military robots
- security robots and
- space robots
- The collapse of capital funding for new robot purchases.
- The collapse of consumer credit for the purchase of robot–made goods.
- The World Bank’s downward adjustment of the gdp in India and China.
- The effect of the 2009 U.S. economic stimulus package.
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Report Highlights
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By 2007, the robotics market will be a $16 billion industry.
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Great gains will be seen in the realm of nanopositioning robotic tools.
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Robots that perform hazardous and tedious duties will see extremely attractive growth rates.
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Autonomous mechanical creatures will find their way into current environments.
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