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Discrete and process manufacturing will spend $54 billion on robots this year, while enterprise drone sales will be $9.3 billion. Companies are investing heavily in both robots and drones and by the end of this year sales will hit $95.9 billion. This market is experiencing a 19.6% annual growth rate which means sales will reach $201.3 billion by 20222, according to a recent study from analyst firm IDC . Robot Market Breaking down the spend by specific category, spending on robotics solutions is expected to total $86.6 billion in 2018 and will account for more than 85% of all spending throughout the five-year forecast. Industrial robotic solutions will account for the largest share of robotics spending (more than 57%), followed by service robots and consumer robots. Discrete and process manufacturing will be the leading industries for robotics spending at more than $54 billion combined in 2018. The resource and healthcare industries will also make significant investments in robotics solutions this year. The retail and wholesale industries will see the fastest robotics spending growth over the forecast with CAGRs of 32.7% and 30.7%, respectively. “Collaborative robots are taking off in industrial applications, driven by customer demands for product quality, delivery, and mass customization,” says Jing Bing Zhang, research director, Worldwide Robotics. “While being safe is the prerequisite for any collaborative robot, the market is already shaping the development of collaborative robots towards simplicity, smartness, and ease of redeployment.” Drone Market Worldwide drone spending will be $9.3 billion in 2018 and is expected to grow at a faster rate than the overall market with a five-year CAGR of 32.1%. Enterprise drone solutions will deliver more than half of all drone spending throughout the forecast period with the balance coming from consumer drone solutions. Enterprise drones will increase its share of overall […]
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