Chief Robotics Officer will be a reality in 2019, says a recent IDC report that revealed the key drivers and predictions for the robotics industry.
Growth drivers for robotics are technological development in artificial intelligence, computer vision, navigation, MEMS sensor, and semiconductor technologies, according to a report IDC FutureScape: Worldwide Robotics 2017 Predictions.
IDC predictions on robotics
Robot as a Service
By 2019, 30 percent of commercial service robotic applications will be in the form of a “Robot as a Service” business model, reducing costs for robot deployment.
Chief Robotics Officer
By 2019, 30 percent of leading organizations will implement a chief robotics officer role and/or define a robotics-specific function within the business.
Evolving Competitive Landscape
By 2020, companies will have a greater choice of vendors as new players enter the US$80-billion ICT market to support robotics deployment.
Robotics Talent Crunch
By 2020, robotics growth will accelerate the talent race, leaving 35 percent of robotics-related jobs vacant while the average salary increases by at least 60 percent.
Robotics Will Face Regulation
By 2019, the Government will begin implementing robotics-specific regulations to preserve jobs and to address concerns of security, safety, and privacy.
Software Defined Robot
By 2020, 60 percent of robots will depend on cloud-based software to define new skills, cognitive capabilities, and application programs, leading to the formation of a robotics cloud marketplace.
By 2018, 30 percent of all new robotic deployments will be smart collaborative robots that operate three times faster than today’s robots and are safe for work around humans.
By 2020, 40 percent of commercial robots will become connected to a mesh of shared intelligence, resulting in 200 percent improvement in overall robotic operational efficiency.
Growth Outside Factory
By 2019, 35 percent of leading organizations in logistics, health, utilities, and resources will explore the use of robots to automate operations.
Robotics for Ecommerce
By 2018, 45 percent of the 200 leading global ecommerce and omni-channel commerce companies will deploy robotics systems in their order fulfilment warehousing and delivery operations.
“There will be stronger growth of robotics adoption outside the traditional manufacturing factory floor, including logistics, health, utilities and resources industries,” Jing Bing Zhang, research director, Worldwide Robotics and Asia Pacific Manufacturing Insights, IDC Asia Pacific.
Robotic industry growth
Meanwhile, the global industrial robotics market is expected to grow at a CAGR of over 8 percent between 2016 and 2021, according to iGATE RESEARCH report Global Robotics Market (Industrial and Service Robotics) and Volume Forecast to 2021.
The main consumers of industrial robotics will be automotive industry, electrical and electronics segment, metal industry and chemical, rubber and plastics industry.
China, South Korea, Japan, United States, and Germany accounted for around 75 percent of the total industrial robotics sales volume in 2015. Asia / Australia is the world’s largest market for industrial robots, driven by demand in China, Japan, South Korea, and India. Europe and Americas are the second and third leading regions for industrial robotics market.
The service robotics market is expected to reach nearly $13 Billion by 2021. The market for domestic and personal service robotics segment is expected to grow due to demand of service robots from the domestic and entertainment sectors and rise in disposable income of consumers.
Medical application was the major industry vertical, in terms of market share, in 2015. The defense segment accounted for second largest share of the professional service robotics market. Robotics in agriculture is expected to bring out transformational result. Service robots in logistic industry will grow substantially due to growing online shopping space.