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Robotics Technologies and Global Markets

Robotics Technologies and Global Markets

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Published by BCC Research
The economics of the global robotics sector has slowed in the past several years due to transnational upsets in the global financial community but the industry remains a substantial and growing enterprise.
The economics of the global robotics sector has slowed in the past several years due to transnational upsets in the global financial community but the industry remains a substantial and growing enterprise.

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Categories:Types, Research
Published by: BCC Research on Mar 25, 2013
Copyright:Attribution Non-commercial

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Robotics: Technologies and Global Markets
Wellesley, Mass. – The economics of the global robotics sector has slowed in the past severalyears due to transnational upsets in the global financial community but the industry remains asubstantial and growing enterprise. In the countries studied in
Robotics: Technologies andGlobal Markets (ENG001D)
, the market for whole robots, robot parts, robot software, and re-lated safety materials now approaches $22 billion. BCC Research forecasts it will rise at a five-year compound annual growth rate (CAGR) of 5.9% between 2013 and 2018, when it’s expectedto surpass $29 billion.BCC anticipates that the bulk of the growth in the European Union will be concentrated in thelatter part of the forecast period, when robotic development initiatives now being undertaken onan EU-wide basis will result in commercialized products. The distribution of growth among dif-ferent types of robots also reflects a profoundly different approach in the EU toward encouragingthe development of the industry than that in the North American market. The chief difference isan EU-wide emphasis on creating a new class of robots that can safely work in near proximity tohumans and safely perform personal-care tasks that will be increasingly required as the European population ages.Regardless of the eventual level of development of medical robotics, the structural differences inthe way in which physicians, surgeons, hospitals, and other portions of the healthcare industryare compensated for the services they provide will strongly favor development in the EuropeanUnion, where single-payer insurance programs predominate and the cost of malpractice insur-ance is less burdensome than in the U.S., which constitutes the bulk of the North American mar-ket. Suppliers of robots in North America have focused most of their efforts on developing ro- bots for military and security purposes, which command higher per-unit prices. 
provides:
Key developments in robotics that have occurred since BCC Research last examined thisrapidly changing market in the last quarter of 2010 
Forecasts of 2013-2018 product demand based on recent developments that alter the in-dustry’s technological and economic landscape in North America, Asia, Europe, anddeveloped nations in other regions
A comprehensive regional set of tables that forecast current U.S.-dollar value demand for four categories of robot products, six types of robots, 16 robot-using industries, and 26end-user applications for robots

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