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Robotics: Businesses to Invest Heavily in Robotic Automation
Global spending on robotic automation is growing at a rate of more than 18 percent annually. That includes robotic hardware, software and services. 2017 robotic spending was $97 billion and will grow to $230 billion by 2021, according to IDC.
IDC predictions for the robotics industry include:
- 30 percent of robotic applications will be “as a service” by 2019
- 30 percent of large companies will introduce a Chief Robotics Officer role by 2019
- 35 percent of robotics positions will be vacant and salaries for robotic positions will increase by 60 percent because of lack of skilled workers by 2020
- By 2020, the government will start to introduce legislation to help preserve jobs and address security, safety and privacy
- By 2020, robots will be faster by a factor of 3 and be designed to work closer with humans
- By 2020, 40 percent of robots will be connected to a central shared intelligence that will enable a factor of 2 improvement in overall efficiency
Jing Bing Zhang, research director at IDC, said that “the advancement of robotics technology has entered into a new era of robotics with embedded and/or cloud-based artificial intelligence. In this new era of Robotics 3.0, intelligent robots are characterized by their ubiquitous sensing and connectivity, cyber-physical fusion, autonomous capabilities (such as cognition, decision making, and learning and adaptation), and more human-friendly multi-mode interaction. Leading robotics technology vendors are already racing to develop and incorporate artificial intelligence capabilities into their product road map in order to stay ahead of the competition.”
