Research indicates personal robots lead market with 97% of shipments

ABI Research is forecasting robotic component revenues will exceed US$2.36 billion by 2016, with a total robotics market value of approximately $22 billion.

Jul 26th, 2011

ABI Research is forecasting robotic component revenues will exceed US$2.36 billion by 2016, with a total robotics market value of approximately $22 billion. The analyst firm's new “Robotic Components” study examines the market for robotic components for the period 2011-2016, covering global markets segmented by region. Forecasts are segmented for individual component types, for shipments, ASPs, and revenues. The activities of key industry participants are also discussed.

According to the report findings, servos, motors, and actuators will exhibit higher growth rates than the overall market as a result of the increasing complexity of robots. Furthermore, components such as wheels, microcontrollers, and battery units will show high unit shipping volumes, due to their use on multiple types of robots, particularly in the personal robot sector.

“Today, personal robots are leading the market with 97% of unit shipments, although military, industrial, and medical robots -- due to their much higher ASPs -- deliver almost 12 times as much overall revenue. The greater complexity of new models, and growing demand for that complexity, require more expensive parts and materials,” says research director Philip Solis.

Solis also notes that, unfortunately, disasters such as the March 2011 earthquake in Japan, in addition to worldwide economic uncertainty, may impact the demand for robots and components, and "rising commodity costs can mean more expensive components."

SOURCE: ABI Research

-- Posted by Vision Systems Design

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