R&D Spending Expected to Spike in Robotics Industry Until 2020

Kagan Pittman for Engineering.com:  As Chinese companies move to expand their market share in industrial robotics, so too are companies in the West, with some of the biggest power-plays coming from R&D departments.

A recent report by Technavio predicts that global R&D spending in the robotics industry will grow at a CAGR of more than 17 percent between 2016-2020.

Technavio analysts cite the following factors as key drivers in the growth of R&D spending:

  • A race for robotics patents
  • Demand for lower system engineering and installation costs
  • Growing demand for industrial robots from non-automotive industries

The report’s analysis considers market trends across user segments including: defense, healthcare, automotive, domestic, food and beverage, electricals, electronics, oil and gas, textiles and packaging.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

IPR Robotics - Right-Sized 7th Axis Robot Linear Rails

IPR Robotics - Right-Sized 7th Axis Robot Linear Rails

IPR Robotics offers a wide range of servo-driven 7th axis linear rails for industrial robots. These rails come in ten different sizes and are constructed from modular high strength extruded aluminum sections to handle payloads of 100 kg to 1600 kg or from steel to handle 2000 kg payloads. This variety of rail sizes allows each application to be sized correctly, controlling the space required and the price point. The drive train design of these rails utilizes helical gear-racks and is proven over 10 years to be repeatable and reliable, even in tough foundry applications.