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Fascinating Projections – $100 Billion Robotics Industry by 2020

By Frank Tobe | July 13, 2012

Markets and Markets: Service robotics revenue forecast for 2017: $46 billion at 17.4% annual growth.

Intl. Federation of Robotics: service robotics forecast much lower figures but similar growth rate.

Daiwa Capital Markets analyst projects industrial robotics revenue for 2020 to be $41 billion.

Spurring the growth: Apple and Foxconn investing $7 billion for industrial robots and the emerging entry into the global SME marketplace with co-robots of all types and prices.

Service and Industrial combined total $100 billion by 2020!

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.