The Rise of Robots
Insights into the Global Robotics Market
2020 marks one hundred years since the word “robot” was first coined by science fiction playwright, Karel Capek. Forty years later, in 1961, General Motors installed the worlds first industrial robot, paving the way for automated manufacturing and the era of programmable machines.
Today, the global Industrial robot market is worth c.$48bn pa and demand for robotic technology is accelerating rapidly. This on the back of the Fourth Industrial Revolution and advancements in digital technologies which are democratizing access to robot technology.
In this article we analyse the growth in the global robotics market, identifying key trends driving demand:
In part one, we explore the impact of digital technologies and the emergence of “Advanced” Robots, which incorporates the cloud based technologies , including AI and machine vision, to fulfill increasingly complex tasks.
In part two, we analyze which industries are driving demand for Advanced Robots, taking a deep dive into smart logistics and supply chain automation. We include a case study on Amazon’s robotics & a market map of key warehouse robot suppliers.
In part three, we dissect the wider robotics ecosystem, analyzing the market for robotic components, accessories and software. We include a market map on emerging technologies and key players.
We conclude with a detailed analysis on investor activity, to determine which technologies and categories have gained widest support. We include a snapshot on notable listings, M&A activity, and VC funding.