Automation and Robotics Market Outlook and Forecasts 2021 – 2028

Automation and Robotics Market Outlook and Forecasts 2021 – 2028

This report evaluates the global and regional robotics marketplace including the technologies, companies, and solutions for robots in the industrial, enterprise, military, and consumer segments. The report includes detailed forecasts for robotics by robot type, components, capabilities, solutions, and connectivity for 2021 to 2028.

This report also includes analysis with forecasts covering AI technology and systems by type, use case, application, and industry vertical. Forecasts also cover each major market sector including consumer, enterprise, industrial, and government. Components included in forecasts include: Controllers, Robotic Arms, End Effectors, Drive Systems, Sensors, Power Supply, Motors, Grippers, Transducers, Hydraulic Cylinders, Wheels, Linear Actuators, Processors and ICs.

Select Report Findings:
• Advances in 5G, AI, and teleoperation are enabling next generation cloud robotics
• Cloud robotics as a service capability are redefining robot productization and solutions
• Unprecedented efficiency and effectiveness gains will be realized through 5G robotics solutions
• 5GNR solutions will support of private communications networks for enterprise and industrial automation

One of the industries anticipated to benefit from the flexibility and mobility afforded by 5G enabled wireless robots is manufacturing, especially pertaining to optimizing logistics and moving materials between work cells or warehouses to meet time to production requirements. In addition, 5G enabled mobile robots will be well-suited to perform varieties of tasks continuously in rugged environments in which human beings have substantial access and/or survivability limitations.

Robotics in contemporary manufacturing have largely been purpose-specific and contained within cages for security and safety. Next generation robots are often mobile (cage free) and many are collaborative with humans (e.g. cobots). Legacy robotic functions will replace the human workforce in many areas that involve repetitive tasks such as assembly processes. While these types of robots continue to have a purpose, cobots are used in situations that require greater flexibility and finesse enabled through collaboration with a human operator.

Cobots in next generation smart factors and other industrial verticals are also looking towards operating robots that are both automated and learning machines. Autonomous robots use various aspects of AI to gain information from the environment and perform tasks for longer periods of time without human intervention. These smart bots automatically learn from the environment and adjust methods of task completion with changing scenarios.

IoT use cases are developing that will benefit from ultra-fast and low latency network access. 5G will create a better future ecosystem enabling low latency and ultra-fast connectivity standards. It will also enable more compelling applications and business models involving robotics and industrial IoT.

However, robotics is increasingly becoming more mainstream and seen in many aspects of daily life in non-industrial markets such as autonomous vehicles, consumer robots, and unmanned aerial vehicles. While industrial robots play a major role in factory automation, non-industrial robots find use in agriculture, construction, logistics, telepresence, and customer service. These are application markets where significant growth is expected.

Target Audience:
• Robotics companies
• Investment organizations
• Data management vendors
• Industrial automation companies
• Consumer application companies
• Enterprise across all industry verticals
• Governmental organizations and NGOs

Report Benefits:
• Robotics forecasts for consumer, enterprise, industrial, and government segments
• Identify leading company technologies strategies, solutions, products, and service offerings
• Understand how business automation and industry 4.0 evolution is driving robotics adoption
• Recognize how robotics as a service through cloud computing is facilitating new business models
• Understand the different types of robotics use cases and how these support varying configurations