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.
Featured Product
Dynatect Automated Machine Safety Door
Dynatect's Gortite VF (Vertical Fabric) Automated Machine Safety Door is intended for automation and safe machine access to minimize cycle time and maximize production time.
The automated roll-up door separates machines with hazardous operations from other processes, material handling equipment, and people. The Gortite VF Door contains typical machine/process generated hazards including light debris, fluid splatter/mist, and weld smoke/sparks/flash.
