Fascinating projections: $100 billion robotics industry by 2020

by Frank Tobe

13 July 2012

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… 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!

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

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