Domestic service robots, that is those that operate in homes, are by far the larger segment of the consumer service robot industry. In 2025 the segment is expected to stand at ** billion U.S. dollars globally. The domestic side of the consumer service robots is then expected to grow considerably faster than entertainment robots, adding between *** and ****** percent to market revenue annually.

Provides both a review of recent key developments in robotics and a comprehensive set of 2011 to 2016 market demand forecasts presented as easy-to-comprehend tables. The study is divided into 18 chapters containing 128 tables, the bulk of which present forecasts.

Snapshot img { margin: 10px !important; } Outlook of the global R&D spending in the robotics industry

Technavio’s market research analyst predicts the global R&D spending in the robotics industry to grow at a CAGR of around 17% during the forecast period. Recently, it has been observed that robots have become necessary in every industry that uses production processes and systems. Consequently, government and manufacturers from across the globe are increasing their R&D spending to develop technologies that will enhance the functionality and efficiency of these robots. In the healthcare and defense sectors, the demand for sophisticated robotics technology is rapidly increasing. This increase in the demand for sophisticated robotics technology will augment the total R&D spending, which in turn will result in market growth during the forecast period.

In terms of geography, the APAC region dominates this market and is envisaged to grow at a CAGR of around 5% during the forecast period. The high adoption rate of robots in industries like automotive, electricals and electronics, and food and beverage will bolster the overall R&D spending in this region.

Segmentation by vendor type and analysis of R&D spending in the robotics industry

Original equipment manufacturers (OEMs)
Venture capitalist

In this market study, analysts have estimated the OEM segment to account for more than 60% of the total market share during the forecast period. The OEMs invest about 4%-12% of their overall sales revenue in R&D for specific or generic research. The extensive use of robots in various industries has pushed manufacturers to invest extensively in the R&D of application-specific products.

End-user segmentation of R&D spending in the robotics industry

Defense
Healthcare
Automotive
Domestic
F&B
Electricals and electronics

In 2015, the defense sector accounted for around 28% of the total market share. Increasing funding from countries such as the US, Germany, Russia, and China will drive R&D investments in the defense sector during the forecast period. In this sector, a major part of the total R&D investment is used for the development of unmanned aerial and ground vehicles, as there is a high demand for these vehicles for military and commercial applications.

Competitive landscape and key vendors

Since the field of robotics technology demands continuous exploration and innovation, there are a lot of untapped opportunities, especially in the field of healthcare and defense. This prompts many robot OEMs and new start-ups to innovate and invest in this technology. The major vendors such as ABB, iRobot, and KUKA are investing heavily in R&D to remain ahead in the market. Similarly, new start-ups such as Airware and Medrobotics are focusing on the development of healthcare and defense robots. These new start-ups are being funded by venture capitalists such as Fenox Venture Capital.

Leading vendors in the market are -

ABB
iRobot
Yaskawa Electric
Kawasaki Heavy Industries
KUKA

Other prominent vendors in the market include Yamaha Robotics, Staubli, Nachi Robotics, Honda, Adept, Rethink Robotics, Lockheed Martin, and Ekso Bionics.

Key questions answered in the report include

What will the R&D spending in the robotics market size and the growth rate be in 2020?
What are the key factors driving the global R&D spending in the robotics industry?
What are the key market trends impacting the growth of the R&D spending in the robotics industry?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the robotics industry?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.

Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global Robotics Market 2015-2019
Global Material Handling Robotics Market 2015-2019
Global Cartesian Robots Market 2015-2019
Global Articulated Robots Market 2015-2019
Global Collaborative Robots Market 2015-2019

In 2024, South Korean company Neuromeka was named among the South Korean robot companies of the year for the eighth time in total for the industrial robots sector. LPK Robotics, a company established in 2004, was featured on the list for the first time. Domestic robot industry Neuromeka had seen a general increase in their revenue in recent years, while T-Robotics, which was awarded as the industrial robot company of the year six times, has faced fluctuations in its revenue in recent years. Nevertheless, South Korea had the largest industrial robot density in the manufacturing industry worldwide, followed by Singapore and Germany. Development of the robot industry The robot industry in South Korea has been on a steady rise since 2016, as the revenue of companies in the robot industry broke through the 10 trillion South Korean won mark in 2022. Similarly, the number of companies in the robot industry has increased as well, with more than four thousand companies active in the country. Bolstered by support and investment from the South Korean government, the robot industry is expected to continue its growth moving forward.

The global desktop 3D printer market is estimated to reach more than $2.35 billion in terms of revenue and around 2.6 million units in terms of sales volume by 2022.

In 2021, the automation industry is estimated to generate around *** billion U.S. dollars worldwide. The process automation segment is expected to exceed ** billion U.S. dollars by 2021. The global automation market is expected to grow rather considerably, particularly in 3D printing, artificial intelligence, and drones, each of which are predicted to nearly double in global revenues over this time period. Automation is an important factor to most modern industries, and industrial software development is vital to fields in tech, engineering, and scientific research. Industrial software alone is expected to be worth ** billion U.S. dollars in 2021. Automated growth By expediting processes and minimizing human error, the advent of automation and connected devices allows industries to innovate and grow in size fairly rapidly. Without automated processes, stores and warehouses would find it difficult to fill their shelves with i.e. food, medicine, and computers. Whereas the industrial age regarded automation as feats of mechanical engineering, the automation of today is driven by advancements in robotics and software engineering. Currently, industrial workers, researchers, and even bureaucrats make use of machine learning and artificial intelligence to streamline their work. Automation is not just a technology to increase production and feed economic growth, but it also acts as a service to domestic and personal living. Previously, many products that utilized artificial intelligence and robotics simply were not affordable to the masses. However, as the sectors develop, the technology becomes better and cheaper. Self-driving cars are a stand out example of an automated product that is expected to become widely used once the technology is perfected. In the U.S. alone, annual autonomous vehicle sales are expected reach *** million units by 2035.