New markets push strong growth in robotics industry
The robotics industry, spurred on by demand in new markets and increasing labor costs, is expected to show strong growth through the rest of the decade, according to analyst firm IDC.
Worldwide spending on robotics, as well as related services, is expected to jump from a $71 billion market in 2015 to $135.4 billion in 2019, IDC said.
"Robotics is one of the core technologies that is enabling significant change in manufacturing through factory-of-the-future initiatives,” said Jing Bing Zhang, a research director at IDC. “While traditionally used in the automotive industry, there is an increasing adoption of robotics in sectors like electronics, retail, healthcare, logistics, agriculture, services, education and government."
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