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APeJ robotic spending to reach US$125.4 billion in 2022

Driven by customer demands for product quality, delivery, and mass customization collaborative robots (cobots) are taking off in industrial applications

Allan Tan by Allan Tan
September 7, 2018
Robotics, including use of drones, will accelerate in APeJ

Robotics, including use of drones, will accelerate in APeJ

The latest update of the IDC Worldwide Semi-annual Robotics and Drones Spending Guide, Asia Pacific (excluding Japan) (APEJ) spending on robotics (including drones) forecast to reach US$125.4 billion in 2022, tripling the total spending in 2017, with a compound annual growth rate (CAGR) of 25.7% from 2018 through 2022. APEJ is the largest market for robotics applications and is expected to account for more than 62% of world's total robotics market in 2022.

"Driven by customer demands for product quality, delivery, and mass customization collaborative robots (cobots) are taking off in industrial applications, especially for high mix, low volume, and short cycle time environment," said Dr. Jing Bing Zhang, Research Director for IDC Worldwide Robotics at IDC Manufacturing Insights.

"While being safe is a paramount prerequisite for any cobot, the market is already shaping the development of cobots towards 5S: safety, security, smartness, simplicity, and standardization," added Zhang.

China takes a significant share of the Asia Pacific robotics (including drones) market. Its spending on robotics is expected to reach $77 billion, representing 61% of APEJ region's total spending in 2022.

From an industry sector perspective, the manufacturing and resources sector, which includes discrete manufacturing, process manufacturing, resources and construction, remains the largest spender on robotics (including drones) throughout the forecast period, and is expected to account for over 67% of APEJ region's total spending in 2022. This is followed by the public sector, which will chalk up approximately 11% of the APEJ total spending in 2022.

From a technology perspective, APEJ spending on robotics systems (including drones), which includes industrial, service and consumer robots and after-market hardware, is forecast to grow to $80 billion in 2022.

Related:  Power smart manufacturing with analytic-fuelled innovation
Tags: drone technologyIDCrobotics
Allan Tan

Allan Tan

Passionate about IoT!

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