Robohub.org
 

Latest research report shows 10.4% CAGR for robotics to 2025

by
10 November 2014



share this:
bcg-ex1-chart_800_499_80

Boston Consulting Group (BSG) recently released a global robotics market study that projects industry growth of 10.4% CAGR (Compounded Annual Growth Rate).

The BCG report, The Rise of Robotics, appeared on BCG Perspectives in late August. At the heart of the report is a very informative chart showing growth by each of the four robotic industry segments:

  • The personal segment—robots used for entertainment, cleaning, education, security, and household applications—is projected to grow the fastest, at a compound annual rate of 15.8 percent, ballooning from $1 billion in 2010 to $9.0 billion in 2025.
  • The commercial segment—robots used for medical and surgical purposes, agriculture, and construction, among other applications—is expected to grow at a compound growth rate of 11.8 percent from $3.2 billion to $17.0 billion, overtaking spending on military applications.
  • The industrial segment—robots used in applications such as welding, assembly, painting, and material handling—will continue to be the largest, growing at a compound growth rate of 10.1 percent from $5.8 billion to $24.4 billion.
  • The military segment—for unmanned aerial, ground, military exoskeletons, and underwater vehicles, among other applications—is projected to grow at a compound growth rate of 8.1 percent to 2025 and will be second largest, at $16.5 billion.

Driving this growth is a convergence of falling prices and performance improvements. The cost of high-quality robots and components is dropping rapidly, while CPUs are getting faster, sensors are getting smaller and less costly, and application programming is getting easier. As robots become cheaper, smaller, and more energy efficient, they gain flexibility and increase the range of potential applications.



tags:


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





Related posts :



Interview with Dautzenberg Roman: #IROS2023 Best Paper Award on Mobile Manipulation sponsored by OMRON Sinic X Corp.

The award-winning author describe their work on an aerial robot which can exert large forces onto walls.
19 November 2023, by

Robot Talk Episode 62 – Jorvon Moss

In the latest episode of the Robot Talk podcast, Claire chatted to Jorvon (Odd-Jayy) Moss from Digikey about making robots at home, and robot design and aesthetics.
17 November 2023, by

California is the robotics capital of the world

In California, robotics technology is a small fish in a much bigger technology pond, and that tends to conceal how important Californian companies are to the robotics revolution.
12 November 2023, by

Robot Talk Episode 61 – Masoumeh Mansouri

In the latest episode of the Robot Talk podcast, Claire chatted to Masoumeh (Iran) Mansouri from the University of Birmingham about culturally sensitive robots and planning in complex environments.
10 November 2023, by

The 5 levels of Sustainable Robotics

Robots can solve the UN SDGs and not just via the application area.
08 November 2023, by

Using language to give robots a better grasp of an open-ended world

By blending 2D images with foundation models to build 3D feature fields, a new MIT method helps robots understand and manipulate nearby objects with open-ended language prompts.
06 November 2023, by





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association