Worldwide spend on robotics, drones to hit $128.7 billion in 2020, reports say

Worldwide spending on robotics systems and drones will hit $128.7 billion in 2020, an increase of 17.1 per cent over 2019, according to a new report from International Data Corporation (IDC).

By 2023, this spending will reach $241.4 billion with a (CAGR) of 19.8%, said the IDC “Worldwide Robotics and Drones Spending Guide”.

Robotics systems will be the larger of the two categories throughout the five-year forecast period with worldwide robotics spending forecast to be $112.4 billion in 2020.

Spending on drones will total $16.3 billion in 2020 but is forecast to grow at a faster rate – 33.3 per cent CAGR than 17.8 per cent CAGR of robotic systems.

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“Software developments are among the most important trends currently shaping the robotics industry. Solution providers are progressively integrating additional software-based, often cloud-based, functionalities into robotics systems,” Remy Glaisner, Research Director at IDC’s Worldwide Robotics: Commercial Service Robots said.

Discrete manufacturing will be responsible for nearly half of all robotics systems spending worldwide in 2020 with purchases totaling $53.8 billion.

The next largest industries for robotics systems will be process manufacturing, resource industries, healthcare and retail, the report added.

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