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

KINGSTAR Soft PLC - Replace Your PLC with an EtherCAT-enabled Soft PLC for Real-Time Motion Control and Machine Vision

KINGSTAR Soft PLC - Replace Your PLC with an EtherCAT-enabled Soft PLC for Real-Time Motion Control and Machine Vision

The top machine builders are switching from proprietary hardware-based PLCs, like Allen-Bradley, TwinCAT, Mitsubishi and KEYENCE, to open standards-based EtherCAT-enabled software PLCs on IPCs. KINGSTAR provides a fully-featured and integrated software PLC based on an open and accessible RTOS. KINGSTAR Soft PLC also includes add-on or third-party components for motion control and machine vision that are managed by a rich user interface for C++ programmers and non-developers alike.