Strategic Intelligence: Robotics
Description
Strategic Intelligence: Robotics
Summary
Robots have existed for a long time, but have mainly been used in industrial environments. Recent technological advancements will help unlock the full potential of robotics, with particular benefits for service robots, which assist humans at work in non-industrial settings or at home. In particular, cloud computing and artificial intelligence (AI) enable robots to collaborate and access vast amounts of data uninterruptedly. Using AI, robots can make decisions independently, move autonomously, and navigate, albeit with restrictions. AI will help reduce the burden robots place on staff who must move, clean, and monitor the robots on top of their other daily tasks.
Key Highlights
Summary
Robots have existed for a long time, but have mainly been used in industrial environments. Recent technological advancements will help unlock the full potential of robotics, with particular benefits for service robots, which assist humans at work in non-industrial settings or at home. In particular, cloud computing and artificial intelligence (AI) enable robots to collaborate and access vast amounts of data uninterruptedly. Using AI, robots can make decisions independently, move autonomously, and navigate, albeit with restrictions. AI will help reduce the burden robots place on staff who must move, clean, and monitor the robots on top of their other daily tasks.
Key Highlights
- Robotics is a fast-growing market. According to GlobalData forecasts, the industry was worth $90.2 billion in 2024 and will grow at a compound annual growth rate (CAGR) of 15% to $205.5 billion by 2030. GlobalData expects the exoskeleton market to see the highest growth rate, followed by drones, logistics robots, and consumer robots.
- Science fiction often speculates about robots that are virtually indistinguishable from humans. Yet, the most popular consumer robot is still a vacuum cleaner shaped like a disc. In factories and warehouses, human staff work alongside robots that are incredibly good at performing repetitive and dangerous tasks, but do not look or behave like humans. AI is helping companies build autonomous humanoid robots, but it is unclear if there is a definite use case for them and whether they will be financially viable for mass production.
- This report provides an overview of the robotics theme.
- It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- It includes comprehensive industry analysis, including forecasts for robotics revenues to 2030. These forecasts are split by robot type (industrial and service).
- The detailed value chain comprises four core segments: hardware components, software components, robot manufacturing, and services. Leading and challenging vendors are identified for sub-categories across all four segments.
- Robotics has a long history, but only relatively recently have conditions aligned to unlock its full potential. This report provides a clear and comprehensive overview of the robotics theme and explains the conditions driving its growth. It also includes details of leading vendors across all aspects of the robotics market, from caged industrial robots and industrial co-bots to consumer robots and drones.
Table of Contents
71 Pages
- Executive Summary
- Players
- Technology Briefing
- Defining a robot
- From automata to modern robotics
- Robot ethics and the socio-economic impact of automation
- Types of robots
- Industrial robots
- Service robots
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- Industrial robots will grow at a CAGR of 7% between 2024 and 2030
- Service robots will be the growth engine of robotics
- An increasingly varied landscape
- Timeline
- Value Chain
- Robot manufacturing
- Caged industrial robots
- Industrial co-bots
- Logistics robots (excluding drones)
- Medical robots
- Exoskeletons
- Consumer robots
- Drones
- Inspection, cleaning, and maintenance robots
- Field robots
- Defense and security robots (excluding drones)
- Hardware components
- Precision mechanical parts
- Connected devices
- Cameras and lenses
- Sensors, lasers, and microcontrollers
- Microprocessors
- Software components
- Foundational capabilities
- Advanced AI capabilities
- Services
- Robotics as a service
- Cloud robotics
- Companies
- Sector Scorecards
- Industrial automation sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Consumer electronics sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Technology trends
- Table 2: Macroeconomic trends
- Table 3: Regulatory trends
- Table 4: Companies
- Table 5: Glossary
- Table 6: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the robotics theme, and where do they sit in the value chain?
- Figure 2: What makes a robot?
- Figure 3: Robotics taxonomy
- Figure 4: The robotics industry will grow at a CAGR of 15% between 2024 and 2030
- Figure 5: The industrial robotics market will be worth $36.7 billion by 2030
- Figure 6: The service robots market will be worth $168.8 billion by 2030
- Figure 7: Exoskeletons are the fastest-growing robotics category
- Figure 8: The robotics story
- Figure 9: The robotics value chain
- Figure 10: Caged industrial robots
- Figure 11: Industrial co-bots
- Figure 12: Logistics robots
- Figure 13: Delivery robots & Warehouse robots
- Figure 14: Medical robots
- Figure 15: An example of a surgical robot
- Figure 16: An example of a care robot
- Figure 17: Warehouse assistance & Medical exoskeleton
- Figure 18: Exoskeletons
- Figure 19: Consumer robots
- Figure 20: Drones
- Figure 21: Consumer drone & Military drone
- Figure 22: Inspection robot
- Figure 23: Inspection, cleaning, and mainteance robots
- Figure 24:Field robots in agriculture :& Field robots in marine exploration
- Figure 25:Field robots
- Figure 26: An explosive ordnance disposal (EOD) robot & An uncrewed underwater vessel (UUV)
- Figure 27: Defense and security robots (excluding drones)
- Figure 28: The robotics value chain
- Figure 29: The robotics value chain
- Figure 30: The robotics value chain
- Figure 31: he robotics value chain
- Figure 32: Who does what in the industrial automation space?
- Figure 33: Thematic screen - Industrial automation sector scorecard
- Figure 34: Valuation screen - Industrial automation sector scorecard
- Figure 35: Risk screen - Industrial automation sector scorecard
- Figure 36: Who does what in the consumer electronics space?
- Figure 37: Thematic screen - Consumer electronics sector scorecard
- Figure 38: Valuation screen - Consumer electronics sector scorecard
- Figure 39: Risk screen - Consumer electronics sector scorecard
- Figure 40: Our five-step approach for generating a sector scorecard
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