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

EPC'S NEW 3D Configurator is more than just a fun tool

EPC'S NEW 3D Configurator is more than just a fun tool

EPC is excited to announce our NEW online 3D Configurator. This new tool makes it even easier to configure EPC's products exactly how you need them for your application. The 3D Configurator interface is intuitive and works in any web browser for both desktop and mobile. It'll only take you a moment to learn your way around the program. Careful, though: it's so fun to play with, you may spend a whole afternoon on it!