Robotics

Format: 2017-01-23
Format: 2017-01-23
January 23, 2017 | 80 Pages | SKU: IRTNTR11674

Outlook of the global robotic paint booth market

Technavio’s market research analyst predicts the global robotic paint booth market to grow steadily at a CAGR of around 5% by 2021. One of the primary drivers for this market is the improving productivity in discrete manufacturing. Automated technologies implemented within a production line ensure that sub-processes are efficient, fast, and streamlined. Industrial painting is an activity that is highly important with respect to quality and looks of the final product. Industrial robots when deployed in production lines for painting can help speed up the overall process and uphold the quality of the final product. Also, advanced features of the robotic paint booth systems ensure varying degrees of customization that can be easily programmed into the system with minimal training of personnel. In order to minimize both direct and overhead costs and improve the profit margin in the long-run, it is imperative for companies to adopt robotic paint booth systems in the coming years.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The growth of the automotive industry and substantial investment in modernizing existing and new plant facilities are the key contributors to the dominance of this region in the robotic paint booth market. Moreover, significant industrial developments across countries like China, India, South Korea, Indonesia, and Taiwan will see a high level of automation requirement in the respective industrial segments, the high rate of adoption of automation in these countries will result in the growth of the robotic paint booth market during the forecast period.

Competitive landscape and key vendors


January 13, 2017 | 70 Pages | SKU: IRTNTR11534

Overview of the global consumer drones market

Technavio’s market research analyst predicts the global consumer drones market to grow at a CAGR of close to 16% between 2017 and 2021. With the huge surge in consumer electronics and devices such as smartphones, there has been rapid innovation in sensors, resulting in the easy availability of high-quality sensors at affordable prices. This has significantly boosted the production of consumer drones. With an increased focus to enhance the speed, maneuverability, durability, and quality of images and videos, the inclination towards the use of consumer drones will also increase. Moreover, vendors in the drones market are capitalizing on the availability of mobile, intelligent, and connected sensors to enhance the capabilities of their offerings. Consumer drones are primarily equipped with GPS, inertial, image, and ultrasound-based range sensors. With improvements in functionalities and features, consumer drones are increasingly being equipped with thermal, hyperspectral, and multispectral sensors, which will lead to further growth of the market over the next four years.

In the global consumer drones market, Parrot and GoPro are major players, which are leveraging the growth of virtual reality owing to the growing inclination towards offering 3D experience. For instance, Parrot’s Bebop 2 drones will have features for easy integration to virtual reality headsets like the Oculus Rift. It also works with ZEISS Cinemizer OLED glasses. With the increased deployment of such equipment providing virtual reality experience in drone racing, the overall market will grow significantly throughout the predicted period.

Competitive landscape and key vendors


January 12, 2017 | 66 Pages | SKU: IRTNTR11519

Overview of the global industrial robotics services market

The global industrial robotics services market is anticipated to grow at a steady rate and will post a CAGR of more than 9% during the forecast period. The increasing availability of remote services and the internet of things (IoT) by vendors in the market will drive the growth prospects for the global industrial robotics services market for the next four years. It has been noted that most vendors are increasingly providing online modes for delivering customer services with the growing adoption of internet worldwide. For instance, ABB is moving away from the conventional approach of providing break and fix services to incorporate services that are predictive and proactive through the combination of their Remote Service Platform and the IoT. IoT provides timely updates about the condition of robots and equipment in real time by monitoring parameters such as the temperature, central processing unit (CPU) load, and the number of hours the robot has been active and sends it to the remotely located vendors.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the market’s growth in the region is the increasing use of robotics in both discrete and process industries in the US. Also, the vendors in the region are increasingly particular about providing services without compromising on quality and flexibility, which, in turn, has resulted in the incorporation of industrial robotics in manufacturing processes in non-automotive industries including F&B.

Competitive landscape and key vendors

The global industrial robotics


Overview of the global artificial intelligence (AI) market in the industrial sector

The global artificial intelligence (AI) market in the industrial sector is anticipated to grow rapidly and will post a CAGR of close to 53% during the forecast period. The development of deep-learning technology will drive the growth prospects for the global AI market for the next four years. The deep-learning software is an advanced version of AI technologies that attempts to mimic the activity and functioning of the human neocortex. One of the major factors responsible for the increasing use of this product is its ability to recognize patterns of sounds, images, and other data. Also, it is highly gaining popularity among its end users as it enables computer scientists to model several layers of virtual neurons and multiple neural networks.

The increasing use of AI to combat cyber security threats will drive the growth prospects for the global AI market in the coming years. Some of the issues that can be addressed by such systems include the failure of firewall and signature-based techniques to stop current threats, a large volume of security threat data, and scalability challenges in addressing security threat data with people.

Competitive landscape and key vendors

The global AI market is highly competitive and diversified due to the presence of a large number of vendors across the globe. These vendors compete against each other based on factors such as product features, product prices, customized solutions, and the services offered. Also, they are increasingly


January 10, 2017 | 89 Pages | SKU: IRTNTR11477

Overview of the global collaborative robots market

Technavio’s market research analyst predicts the global collaborative robots market to grow exponentially at a CAGR of above 60% by 2021. One of the primary growth drivers for this market is the rise in the adoption of collaborative robots by SMEs. Cobots allow these industries to stay competitive despite high labor costs and maintain manufacturing activity in a developed country. This concept is also called reshoring and maintains the balance of manufacturing activity and employment globally. This advantage has generated high interest among small and medium scale enterprises to incorporate collaborative robots in their factory floor. For instance, vendors such as Comau have designed the Racer 3 collaborative robot targeted especially for small and medium-sized companies to automate their operations in metal processing, food and beverage, plastic, packaging and electronic industries. Moreover, these robots are developed by deploying the latest sensor integration, plug and play technologies, and automatic robot program generation from computer-aided design (CAD) data. Factors such as lowered cost, high efficiency, and the ability to execute vital tasks across industries will propel the growth of this market during the forecast period.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The collaborative robots market in APAC is characterized by its strong automotive, electrical and electronics, semiconductor, and metal processing industries. China, Japan, and South Korea are the major adopters of cobots in the region. In developing


January 05, 2017 | 63 Pages | SKU: IRTNTR11410

Overview of the global USV market

The global USV market is anticipated to grow rapidly and will post a CAGR of close to 14% during the forecast period. The increasing demand for oceanography and hydrography will propel the growth prospects for the global USV market in the forthcoming years. Some of the major factors responsible for the growing use of USVs for research in the fields of hydrography and oceanography includes its low cost in comparison to weather ships and research vessels and high capability in comparison to weather buoys. For instance, in 2015, USVs were used in Shallow Water Survey by Swathe Services to survey two areas within the natural harbor of Plymouth Sound, UK. According to the industry research report, surveyors are now able to use long-range USVs for a variety of survey activities such as umbilical and cable surveys, pipeline, plough and trenching, bathymetric survey, sediment and physicochemical analysis to determine factors such as mud density, turbidity, temperature, and hydrocarbon and carbon dioxide monitoring, optimization of dam water storage, visualization of dredging zones, irrigation management, and pollution control. Furthermore, it has been noticed that oceanographers are also increasingly opting for unmanned operations for ensuring cost reduction in various applications such as hydrographic surveys, monitoring pipelines, support maintenance, and repair work.

The increasing collaboration between various unmanned vehicles will accelerate the growth prospects for the global USV market during the forecasted period. Also, the increasing focus on collaborations between USVs and UUVs will result in the improvement of mine countermeasure (MCM) applications, science, and oil and gas markets.


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