Asia/Pacific Spending on Robotics Will Reach $133 Billion in 2020, According to IDC
11 Jan 2017
SINGAPORE, January 12, 2017 – According to the newly released IDC Worldwide Semiannual Commercial Robotics Spending Guide, Asia/Pacific spending on robotics and related services will more than double, growing from $60 billion in 2016 to over $133 billion in 2020 – a compound annual growth rate (CAGR) of 22%. This new robotics spending guide now includes data on commercial and consumer purchases of drones and after-market drone hardware in addition to spending data on robotic systems, system hardware, software, robotics-related services, and after-market robotics hardware.
"Robotics continues to drive the current wave of industry transformation and upgrade, which is set to disrupt many aspects of business operations, leading to tremendous improvement in operational agility, responsiveness and customer experience,” says Dr. Jing Bing Zhang, Research Director, Worldwide Robotics and Asia Pacific Manufacturing Insights, IDC Asia/Pacific. "In Asia/Pacific, we are seeing accelerated growth in robotics adoption beyond manufacturing, especially in commercial and consumer service robotics," adds Dr. Zhang.
Asia/Pacific is the fastest growing robotics market led by China, Korea and Japan, and will account for more than two thirds of worldwide robotics spending throughout the 2016-2020 forecast period, reaching over 70% by 2020. Manufacturing continues to dominate Asia/Pacific spending in robotics, with discrete and process manufacturing accounting for 33% and 28% respectively in 2016. This is followed by resources, consumer, and healthcare industries in terms of overall robotics spending.
From a technology perspective, Asia/Pacific spending on robotic systems which includes industrial, service and consumer robots and after-market robotic hardware, is forecast to grow to $64 billion in 2020. Services-related spending, which encompasses application management, education and training, hardware deployment, system integration, and consulting, will grow to over $36 billion in 2020.
The Worldwide Semiannual Commercial Robotics Spending Guide quantifies the robotics opportunity from a region, industry, use case, and technology perspective. Spending data is available for more than 52 use cases across 13 key industries in eight regions. Data is also available for a wide range of robotics hardware, software, and services categories. Unlike any other research in the industry, the detailed segmentation and timely, global data is designed to help suppliers targeting the market to identify market opportunities and execute an effective strategy.
About IDC Spending Guides
IDC's Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of IDG, the world's leading technology media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
ContactFor more information, contact:
Jing Bing Zhang
+65 6829 7752