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Fascinating projections: $100 billion robotics industry by 2020

… 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 …

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!

By Frank Tobe

Frank Tobe is the owner and publisher of The Robot Report After selling his business and retiring from 25+ years as a provider of computer direct marketing and consulting to the Democratic National Committee, major presidential and other campaigns and initiatives, he has energetically pursued a new career in researching and investing in robotics. In 2013 he co-founded Robo-STOX™ LLC (renamed in 2015 to ROBO-Global) and developed a tracking index for the robotics industry: the ROBO-Global™ Robotics & Automation Index.

Frank is a member of Robohub and also a panel member for panel member for Robohub's Robotics by Invitation series.