Asia Pacific excluding Japan Robotics Spending to Triple Reaching $125.4 Billion in 2022
August 14, 2018 | IDCEstimated reading time: 2 minutes
According to the latest update of the IDC Worldwide Semiannual Robotics and Drones Spending Guide, Asia Pacific (excluding Japan) (APEJ) spending on robotics (including drones) is forecast to reach $125.4 billion in 2022, tripling the total spending in 2017, with a compound annual growth rate (CAGR) of 25.7% from 2018 through 2022. APEJ is the largest market for robotics applications and is expected to account for more than 62% of world's total robotics market in 2022.
"Driven by customer demands for product quality, delivery, and mass customization collaborative robots (cobots) are taking off in industrial applications, especially for high mix, low volume, and short cycle time environment," said Dr. Jing Bing Zhang, research director for IDC Worldwide Robotics at IDC Manufacturing Insights. "While being safe is a paramount prerequisite for any cobot, the market is already shaping the development of cobots towards 5S: safety, security, smartness, simplicity, and standardization," added Zhang.
China takes a significant share of the Asia Pacific robotics (including drones) market. Its spending on robotics is expected to reach $77 billion, representing 61% of APEJ region's total spending in 2022.
From an industry sector perspective, the manufacturing and resources sector, which includes discrete manufacturing, process manufacturing, resources and construction, remains the largest spender on robotics (including drones) throughout the forecast period, and is expected to account for over 67% of APEJ region's total spending in 2022. This is followed by the public sector, which will chalk up approximately 11% of the APEJ total spending in 2022.
From a technology perspective, APEJ spending on robotics systems (including drones), which includes industrial, service and consumer robots and after-market hardware, is forecast to grow to $80 billion in 2022.
The Worldwide Semiannual Robotics and Drones Spending Guide quantifies the robotics and drone opportunities from a region, industry, use case, and technology perspective. Spending data is available for more than 64 use cases across 20 industries in nine regions. Data is also available for 17 robotics system technologies and 16 drone systems technologies. Unlike any other research in the industry, the detailed segmentation and timely, global data is designed to help suppliers targeting the market to identify market opportunities and execute an effective strategy.
About IDC Spending Guides
IDC's Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of IDG, the world's leading technology media, data, and marketing services company.
Suggested Items
Digitalisation and ESG
04/19/2024 | Marina Hornasek-Metzl, AT&SDigitalisation and ESG are prominent and high-priority topics in the global business community. The first focuses on applying technology throughout the value chain to produce faster, smarter, and more desirable business outcomes. The latter emphasises the broader value a business is expected to create for its stakeholders from an environmental, social, and governance perspective.
Real Time with... IPC APEX EXPO 2024: Looking Back, Looking Forward With IEC
04/19/2024 | Real Time with...IPC APEX EXPOIEC came to the RTW booth and discussed both the legacy of IEC's past and the vision for its future. Industry veteran Bruno Ferri highlighted his quarter-century tenure in the industry and with IEC since its founding. He still exhibits boundless enthusiasm for the industry. Brando Stone, a young professional and a future face of IEC, talked about IEC's plans going forward and his experience at this year's IPC APEX EXPO.
Seeking Employment: Meet Parker Capers
04/18/2024 | Barry Matties, I-Connect007Parker Capers, a cybersecurity professional with a decade of experience in the SMT industry, earned a bachelor’s degree from DeVry and is CompTIA Security Plus certified. He is open to various industries but has a strong affinity for manufacturing due to extensive familiarity. Parker appreciates smaller companies where personal connections matter. Are you hiring?
SEMI Applauds CHIPS Program Office Progress to Diversify U.S. Semiconductor Industry Workforce
04/18/2024 | SEMIThe SEMI Foundation, the arm of SEMI dedicated to supporting economic opportunity for workers and the sustained growth of the microelectronics industry by creating pathways and opportunities for job seekers, applauded strides made by the CHIPS Program Office to diversify the U.S. semiconductor industry workforce and its release of the First Annual Report Regarding the Opportunities and Inclusion Activities Undertaken by the Department of Commerce.
VDMA: Machine Vision Navigating Through Uncertain Times
04/18/2024 | VDMAFor over a decade, the European machine vision industry has reported steady growth, with turnover increasing by an average of 9 percent annually between 2012 and 2022. Despite a temporary setback in 2020 (minus 4 percent) due to the Covid-19 pandemic, the industry rebounded strongly in 2021 (plus 17 percent) and 2022 (plus 11 percent).