Keywords
Citation
(2006), "ARC sees industrial robotics market hitting $5 billion in 2010", Industrial Robot, Vol. 33 No. 6. https://doi.org/10.1108/ir.2006.04933fab.007
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited
ARC sees industrial robotics market hitting $5 billion in 2010
ARC sees industrial robotics market hitting $5 billion in 2010
Keywords: Robotics, Market surveys
The booming market for industrial robotics is being driven by investments in the automotive sector and strong growth among small and medium-sized businesses. The worldwide market for industrial robotics is expected to grow at a compound annual growth rate of 7.7 percent over the next five years. The hardware market was $3.59 billion in 2005 and is forecasted to be over $5.12 billion in 2010, according to a new ARC Advisory Group study.
The industrial robotics market is expected to experience high growth in developing nations that will employ industrial robots in traditional applications such as welding and material handling. Also, expect new innovations which will have the potential to change the very nature of the industrial robot as it is now known.
“The market for industrial robotics will become even more exciting as new technologies and applications emerge. Expect factory floor workers to safely partner with their robotic counterparts to work side by side” said ARC analyst Stefan Surpitski, the principal author of ARC's “Industrial Robotics Worldwide Outlook” (www.arcweb.com/res/robotic)
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Software facilitates adoption. Both application and simulation software is advancing rapidly and is facilitating adoption of robotic systems in sectors that have either limited resources or a less skilled workforce. The age of digital manufacturing is reducing the skill level required to apply robotics such that programming and factory planning are accessible to a broader user base.
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Technological innovation. The robotics market will continue to be driven by innovation. There is a growing need among end-users to speed the flow of product through the factory and consume a minimum of factory floor space. To address this problem, new robotic configurations are emerging which lend themselves to greater workflow efficiency. The technology, known as coordinated cellular robotics (CCR), consists of conveyorless cells which employ robots capable of working cooperatively and simultaneously on a single work piece.
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Geographic redistribution. Expect developed countries that are traditionally thought of as large robotics consumers to grow the robotic installed base, but at a slower pace as the market becomes more saturated. In these regions, small and medium-sized manufacturers will utilize robotic solutions to more efficiently customize products in smaller production lots. In countries where low labor rates may have prevailed over technology in years past, adoption is expected to increase at a higher rate.
For more information on this study, go to: www.arcweb.com/research/auto/robotics.asp