Servos, Motors, and Actuators Driving Robotic Components Market Towards a Healthy $2.4 Billion in 2016, According to ABI Research

Servos, motors, and actuators will show significantly higher growth rates than the overall robot market, due to the increasing complexity of robots. ABI Research forecasts robotic component revenues to exceed $2.36 billion in 2016, in a total robotics market of some $22 billion.

Servos, motors, and actuators will show significantly higher growth rates than the overall robot market, due to the increasing complexity of robots. ABI Research forecasts robotic component revenues to exceed $2.36 billion in 2016, in a total robotics market of some $22 billion.


In addition, components such as wheels, microcontrollers, and battery units, will show high unit shipping volumes, due to their use on multiple types of robots, particularly in the personal robot segment.

According to research director Philip Solis, "Today, personal robots are leading the market with 97% of unit shipments, although military, industrial and medical robots, due to their much higher ASPs, deliver almost twelve times as much overall revenue. The greater complexity of new models, and growing demand for that complexity, require more expensive parts and materials."

On the downside, Solis notes, "Continuing global economic instability (as well as man-made or natural disasters such as the recent earthquake in Japan) could impact demand for robots and their components, while rising commodity costs can mean more expensive components."

ABI Research's new "Robotic Components" study (http://www.abiresearch.com/research/1007700) examines the market for robotic components for the period 2011-2016, covering global markets segmented by region. Forecasts are segmented for individual component types, for shipments, ASPs and revenues. The activities of key industry participants are also discussed.

This report is part of ABI Research's Robotics and Automation Research Cluster (http://www.abiresearch.com/products/cluster/Robotics_and_Automation_Research_Cluster)

Featured Product

Omron Adept Lynx Cart Transporter

Omron Adept Lynx Cart Transporter

The Omron Adept Lynx Cart Transporter is an Autonomous Intelligent Vehicle (AIV) designed to attach to movable carts and transport them from a pickup location to a drop off location. Applications include line-side inventory replenishment, moving flow racks, transporting Work in Progress (WIP) between process steps, and moving finished goods to the warehouse. The Lynx Cart transporter leverages Natural Feature Navigation to autonomously find a path through the facility without the need for any facility modifications necessary.