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07 Mar 2016

IDC Forecasts Asia Pacific Robotics Spending to Reach $93 Billion in 2019

SINGAPORE, March 08, 2016 – International Data Corporation (IDC) forecasts Asia Pacific (AP) spending on robotics and related services to grow at a compound annual growth rate (CAGR) of 19% from 2015 to 2019. This forecast can be found in the new Worldwide Semiannual Commercial Robotics Spending Guide, which measures purchases of robotic systems, system hardware, software, robotics-related services, and after-market robotics hardware on a regional level across thirteen key industries and fifty-two use cases.

"Robotics is one of the core technologies that is enabling significant changes in manufacturing through factory of the future initiatives,” said Dr. Jing Bing Zhang, Research Director, Robotics at IDC Manufacturing Insights. It is one of the six Innovation Accelerators that IDC believes will drive business transformation leading to new revenue streams, information-based organizations, and new work processes.

“While traditionally used in the automotive industry, there is an increasing adoption of robotics in sectors like electronics, retail, healthcare, logistics, agriculture, services, education, and government. Such broad-based growth in robotic adoption is being driven by increasing labor costs, shortage of skilled labors, and an increasing emphasis on repeatable quality in conjunction with a reduction in prices of robotic systems and strategic national initiatives," added Dr. Zhang.

The AP robotics spending is currently dominated by the discrete and process manufacturing industries, followed by resources and healthcare in terms of overall robotics spending. From a technology perspective, AP spending on robotics systems, which includes industrial, service and consumer robots, is forecast to grow to nearly $21 billion in 2019. However, services-related spending, which encompasses applications management, education and training, hardware deployment, systems integration, and consulting, will grow to more than $24 billion in 2019.

In 2015, the AP region accounted for more than 65% of total robotics spending. "China became the world's largest market in 2013 for industrial robots and accounted for more than 25% of global shipment of industrial robots in 2014. This growth trend is expected to continue, partially fueled by the "Made in China 2025" national strategic initiative, in which robotics is identified as one of the 10 key technology focus areas," added Dr. Zhang. "Apart from manufacturing, we are also seeing growth opportunities across AP in other industries such as healthcare, retail, consumer, and resources. A good example is robotics for mining automation in countries like Australia."

IDC's recently published report, Robotics in ASEAN Manufacturing (IDC #AP40984616), provides insights into the use of industrial robots in ASEAN manufacturing. It covers the macro trends in manufacturing and employment, comparative analysis of cost for labor and robots, and several case studies of robotic application. The report also provides a list of core skills required for successful robotic application and key actionable recommendations for OEMs, systems integrators and end user companies.

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 50 use cases across 13 key industries in three 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.

For more information about IDC's Spending Guides, please contact Rubal Sabharwal rsabharwal@idc.com

About IDC

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 subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.

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For more information, contact:

Jing Bing Zhang
jbzhang_ext@idc.com
+65 6829 7752

Rubal Sabharwal
rsabharwal@idc.com
+918066991028

Theresa Rago
trago@idc.com
+65 91593053

Alvin Afuang
aafuang@idc.com
+63917 7974596