Robots

[New] The use of the Internet of Things (IoT) should reach 20.4 billion IoT units installed in 2020; - Autonomous vehicles are expected to quadruple within the next 5 years and - Virtual and augmented reality could reach a market size of $193 billion by 2022.
[New] The rapid growth of drones - the commercial market in the US alone is expected to triple in size in the next five years - is one of the biggest issues impacting the aviation industry.
[New] Eyeing a launch in 2023, DARPA's Robotic Servicing of Geosynchronous Satellites program will focus the remainder of 2020 on completing the elements of the robotic payload.
[New] There will be a 30% increase in the use of Robotic Process Automation (RPA) by 2023 for front-office functions, including sales and customer experience.
Asia-Pacific is expected to have the highest CAGR value for safety, security, and rescue robotics market in the forecast period, 2020-2025.
The autonomous cars software market is poised to grow by $3.26 bn during 2020-2024 progressing at a CAGR of 36% during the forecast period.
By 2030, the global Robotaxi fleet market will be worth at least US$ 2 trillion annually, 12% of new cars will be sold to Robotaxi fleets globally, and 26 million Robotaxis will be in operation.
The Robot Software Market is expected to exceed more than US$ 10.5 Billion by 2024 at a CAGR of 45% in the given forecast period.
The global robotics market is expected to expand to about $499 billion by 2025, marking a CAGR of 26% and the global AI market is estimated to increase to about $169 billion by 2025, representing a CAGR of 72%, per a source.
The market related to drone applications and services is growing rapidly and European drone service revenues are expected to reach EUR 250 million by 2025.
If you review most sources, lidar technologies are expected to grow substantially during the next decade, seen as an important enabler of autonomous vehicles and driving.
The market related to drone applications and services is growing rapidly, and European drone service revenues are expected to reach EUR 250 million by 2025.
The global robotic process automation (RPA) market is expected to reach USD 6.81 billion by 2026, exhibiting a promising CAGR of 22.3%.
The global consumer drones market is expected decline from $2.47 billion in 2019 to $2.33 billion in 2020 at a compound annual growth rate of -5.60%.
Within Europe, Germany's UAV market is forecast to grow at approximately 10.7% CAGR while Rest of European market will reach US$ 1.7 Billion by the year 2027.
The global autonomous vehicles market is expected to decline by more than 3% during 2020 as a result of the COVID-19 outbreak1, and may take years to recover.
Amazon will probably invest another $1 - $2 billion to complete development of its autonomous vehicles and several billion more to build a fleet of vehicles for autonomous ride services.
In India, between 2017-2023, the expected growth rate of the drone market would be eighteen per cent per annum.
The total market for this autonomous enterprise market, including cognitive applications, will reach $10.35 billion by 2030.
The global autonomous bus market is poised to grow by 2364 units during 2020-2024, progressing at a CAGR of almost 32% during the forecast period.
Surgical Robots Market is expected to reach a value of ~ US$ 13.1 Bn by 2027, manufacturers are collaborating with technologists to improve the efficacy of robots that contribute toward better patient outcomes.
The high cost of surgical robots has been a barrier, but the global market for surgical robots is experiencing a compound annual growth rate of 10.4%, from $3.9 billion in 2018 to $6.5 billion by 2023.

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Last updated: 09 August 2020