In 2010, the world market for robots and related products climbed to $21 billion, and it will reach $30 billion by 2016, according to a new report on companiesandmarkets.com, representing a 6.7 percent compound annual growth rate from 2011. A prepared statement from the UK business research Web site said the robotics industry is comprised of six key segments: domestic service robots; industrial robots; military robots; professional service robots; security robots, and space robots.
Historically, robots have found applications in factory environments, performing routine operations. Applications have become more diverse as technology has evolved; the significant growth of the market in recent years attributed in part to the development of UAVs, or unmanned aerial vehicles.
Four key regions dominate the robot sector, and for the purposes of this report, they have been defined as: the North American Free Trade Zone; the European Union trade zone, Asia, and other markets. Different regions emphasize different segments of the robotics market, the company noted. For example, the European focus is on non-military robot applications, according to companiesandmarkets, while the Japanese market has a particular interest in domestic service robotics.
The 16 industries that are most reliant on robotic technology, include: aerospace, chemical and fuel processing, defense, education and research, food processing, home care, medicine and surgery, pharmaceutical manufacturing and textile/clothing manufacturing.
The 267-page report includes profiles of key industry participants, such as: 2D3, Inc.; Adept Technology, Inc.; BAE Systems, Plc; Denso Robotics; Eunited Robotics; Fanuc Robotics America, Inc.; Heartland Robotics, Inc.; Hitachi, Ltd.; Honda; Intuitive Surgical, Inc; Kawasaki Robotics; Lockheed Martin; Massachusetts Institute Of Technology; Mitsubishi Electric Automation, Inc; Motoman Robotics; Nachi Robotics; Panasonic Factory Solutions; Par Systems, Inc; Pilz Automation; Qinetiq; Stäubli; Toshiba Machine Co., America; Unimation; Ventax Robot, Inc; Wolf Robotics; Yaskawa Electric and Zaytran.