29 Feb '16, 3pm

Robotics Space Gains from Robust Manufacturing Spending - EE Times

MANILA—International Data Corp. (IDC) has recognized robotics as one of six Innovation Accelerators that will expedite digital transformation by opening additional revenue streams and revolutionizing the way work is performed. In the latest Worldwide Commercial Robotics Spending Guide, the market research firm forecast global spending on robotics and related services to grow at a CAGR of 17 per cent from more than $71 billion in 2015 to $135.4 billion in 2019. The spending guide measures purchases of robotic systems, system hardware, software, robotics-related services, and after-market robotics hardware on a regional level across 13 key industries and 52 use cases. "Robotics is one of the core technologies that is enabling significant change in manufacturing through factory of the future initiatives. While traditionally used in the automotive industry, there is an increas...

Full article: http://www.eetimes.com/document.asp?doc_id=1329055

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