Global Research and Development Spending in the Robotics Industry 2016-2020

Outlook of the global R&D spending in the robotics industry

Technavio’s market research analyst predicts the global R&D spending in the robotics industry to grow at a CAGR of around 17% during the forecast period. Recently, it has been observed that robots have become necessary in every industry that uses production processes and systems. Consequently, government and manufacturers from across the globe are increasing their R&D spending to develop technologies that will enhance the functionality and efficiency of these robots. In the healthcare and defense sectors, the demand for sophisticated robotics technology is rapidly increasing. This increase in the demand for sophisticated robotics technology will augment the total R&D spending, which in turn will result in market growth during the forecast period.

In terms of geography, the APAC region dominates this market and is envisaged to grow at a CAGR of around 5% during the forecast period. The high adoption rate of robots in industries like automotive, electricals and electronics, and food and beverage will bolster the overall R&D spending in this region.

Segmentation by vendor type and analysis of R&D spending in the robotics industry

• Original equipment manufacturers (OEMs)
• Venture capitalist