The robotics market continues to experience a profound and significant restructuring as the traditional industrial robotics sector shrinks as an overall percentage of the total robotics industry, the company said.
According to recent estimates from Tractica, non-industrial robots represented 70% of the USD 39.3 billion robotics market globally in 2017, growing from a 64% share in 2016. Most of this growth is being driven by new and expanding use cases in segments like agriculture, autonomous vehicles, consumer unmanned aerial vehicles (UAVs), warehousing, logistics, military robotics, and personal assistant robots.
Tractica´s analysis indicates that there are currently 110 real-world use cases that compose the total robotics market, a significant diversification of robot applications compared to just a few years ago.
Tractica, an Informa business, is a market intelligence firm that focuses on emerging technologies. Tractica´s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding Artificial Intelligence, Robotics, User Interface Technologies, Advanced Computing, Connected & Autonomous Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com.