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

  • Published: Jul 2016
  • Pages: 55
  • SKU: IRTNTR8541
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This market study presents a detailed segmentation of the global R&D spending in the robotics industry market by vendor type (OEMs and venture capitalist), by type of robotics industry (industrial and service), by end users (defense, healthcare, automotive, domestic, F&B, electricals and electronics, and others), and by geography (Americas, APAC, and EMEA). The key vendors analyzed in this report are ABB, iRobot, Yaskawa Electric, Kawasaki Heavy Industries, and KUKA.

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

In this market study, analysts have estimated the OEM segment to account for more than 60% of the total market share during the forecast period. The OEMs invest about 4%-12% of their overall sales revenue in R&D for specific or generic research. The extensive use of robots in various industries has pushed manufacturers to invest extensively in the R&D of application-specific products.

End-user segmentation of R&D spending in the robotics industry

  • Defense
  • Healthcare
  • Automotive
  • Domestic
  • F&B
  • Electricals and electronics

In 2015, the defense sector accounted for around 28% of the total market share. Increasing funding from countries such as the US, Germany, Russia, and China will drive R&D investments in the defense sector during the forecast period. In this sector, a major part of the total R&D investment is used for the development of unmanned aerial and ground vehicles, as there is a high demand for these vehicles for military and commercial applications.

Competitive landscape and key vendors

Since the field of robotics technology demands continuous exploration and innovation, there are a lot of untapped opportunities, especially in the field of healthcare and defense. This prompts many robot OEMs and new start-ups to innovate and invest in this technology. The major vendors such as ABB, iRobot, and KUKA are investing heavily in R&D to remain ahead in the market. Similarly, new start-ups such as Airware and Medrobotics are focusing on the development of healthcare and defense robots. These new start-ups are being funded by venture capitalists such as Fenox Venture Capital.

Leading vendors in the market are -

  • ABB
  • iRobot
  • Yaskawa Electric
  • Kawasaki Heavy Industries
  • KUKA

Other prominent vendors in the market include Yamaha Robotics, Staubli, Nachi Robotics, Honda, Adept, Rethink Robotics, Lockheed Martin, and Ekso Bionics.

Key questions answered in the report include

  • What will the R&D spending in the robotics market size and the growth rate be in 2020?
  • What are the key factors driving the global R&D spending in the robotics industry?
  • What are the key market trends impacting the growth of the R&D spending in the robotics industry?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the robotics industry?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Funding and patent management

PART 06: Market landscape

  • Market size and forecast

PART 07: Market segmentation  by entities

  • R&D spending by entities
  • R&D spending in robotics by robot OEMs
  • R&D spending in robotics by venture capital

PART 08: Market segmentation by types of robotics industry

  • R&D spending by types of robotics industry
  • R&D spending in service robotics industry
  • R&D spending in industrial robotics industry

PART 09: Market segmentation by end-user

  • R&D spending in robotics industry by end-users

PART 10: Geographical segmentation

  • R&D spending in robotics by geography
  • R&D spending in robotics in APAC
  • R&D spending in robotics in the Americas
  • R&D spending in robotics in EMEA

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape

  • Competition business overview
  • Competition financials
  • Other prominent vendors
  • Key takeaways

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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