Worldwide Spending on Robotics & Drones Forecast to Accelerate over the Next Five Years, Reaching $201.3 Billion in 2022, Acc...
July 18 2018 - 8:30AM
Business Wire
A new update to the International Data Corporation (IDC)
Worldwide Semiannual Robotics and Drones Spending Guide forecasts
worldwide spending on robotics and drones solutions will reach
$201.3 billion in 2022 and achieve a compound annual growth rate
(CAGR) of 19.6% over the 2017-2022 forecast period. Robotics and
drone spending is expected to be $95.9 billion in 2018.
Spending on robotics solutions is expected to total $86.6
billion in 2018 and will account for more than 85% of all spending
throughout the five-year forecast. Industrial robotic solutions
will account for the largest share of robotics spending (more than
57%), followed by service robots and consumer robots. Discrete and
process manufacturing will be the leading industries for robotics
spending at more than $54 billion combined in 2018. The resource
and healthcare industries will also make significant investments in
robotics solutions this year. The retail and wholesale industries
will see the fastest robotics spending growth over the forecast
with CAGRs of 32.7% and 30.7%, respectively.
"Collaborative robots are taking off in industrial applications,
driven by customer demands for product quality, delivery, and mass
customization," said Dr. Jing Bing Zhang, research director,
Worldwide Robotics. "While being safe is the prerequisite for any
collaborative robot, the market is already shaping the development
of collaborative robots towards simplicity, smartness, and ease of
redeployment."
Worldwide drone spending will be $9.3 billion in 2018 and is
expected to grow at a faster rate than the overall market with a
five-year CAGR of 32.1%. Enterprise drone solutions will deliver
more than half of all drone spending throughout the forecast period
with the balance coming from consumer drone solutions. Enterprise
drones will increase its share of overall spending with a five-year
CAGR of 37.1%. The utilities and construction industries will see
the largest drone spending in 2018 ($925 million and $808 million,
respectively), followed by the process and discrete manufacturing
industries. Key growth in drone spending will come from various
industries including education (72.8% CAGR) and federal/central
government (70.1% CAGR).
"Organizations continue to explore a range of applications and
use cases for drones, moving beyond aerial photography to
drone-based deliveries, precision agriculture monitoring, and even
time-sensitive medical deliveries. With these expanded use cases
come concerns across many governing parties. Most regions, however,
are starting to provide regulatory clarity, as they understand the
growing need for drone control and an air traffic management system
for both enterprise and consumer deployments. In addition, as
safety continues to be a major concern for consumers and
regulators, vendors and IT suppliers are working to alleviate
concerns by building drones with multiple redundancies, improving
their sensory and collision avoidance technology, and testing
5G-enabled drones to enable greater connectivity while lowering
latency. The sky's the limit," said Stacey Soohoo, research
manager, IDC's Customer Insights & Analysis.
The use cases that will capture the largest share of robotics
and drones spending are driven by their respective industries. As
the primary use case in the Discrete Manufacturing industry for
robotics, welding is forecast to receive over 15% of all robotics
spending worldwide throughout the forecast. Other robotics use
cases that will drive spending include assembly, painting, mixing,
automated production in mining, and pick and pack. The use cases
that will see the fastest growth in robotics spending over the
forecast period include break bulk (53.4% CAGR), shelf stocking
(45.6% CAGR), and customer service (42.0% CAGR). For drones, the
use cases that will see the fastest growth over the forecast period
include dispensing pesticides and fertilizer (109.4% CAGR),
emergency service (86.4% CAGR) and precision agriculture / crop
scouting (86.1% CAGR).
More than half of all robotics spending this year ($58.1
billion) and throughout the forecast will go to robotics systems,
after-market robotics hardware, and systems hardware.
Services-related spending, which encompasses application
management, education & training, hardware deployment and
support, systems integration, and others will total more than $16.7
billion in 2018 while spending on command and control, specific
robotics applications, and network infrastructure software will
reach $11.8 billion. Purchases of drones and after-market drone
hardware will be nearly $7.9 billion in 2018 while spending on
command and control, specific drone applications, and network
infrastructure software will reach $611 million.
On a geographic basis, China will be the largest geographic
market for robotics, delivering more than 30% of all robotics
spending throughout the forecast, followed by the rest of
Asia/Pacific (excluding China and Japan), the United States, and
Japan. The United States will be the largest geographic market for
drone spending at $4.3 billion in 2018, followed by Western Europe
and China. However, exceptionally strong spending growth in China
(63.2% CAGR) will move this market ahead of the United States by
2022.
The Worldwide Semiannual Robotics and Drones Spending Guide
quantifies the robotics and drone opportunities from a region,
industry, use case, and technology perspective. Spending data is
available for more than 60 use cases across 20 industries in nine
regions. Data is also available for 18 robotics systems
technologies and 16 drone systems technologies. 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 GuidesIDC'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
Monika Kumar at mkumar@idc.com.
About IDCInternational 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
International Data Group (IDG), the world's leading media, data and
marketing services company that activates and engages the most
influential technology buyers. To learn more about IDC, please
visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180718005103/en/
IDCJessica Goepfert, 508-988-6944jgoepfert@idc.comorMichael
Shirer, 508-935-4200press@idc.com