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APAC robotics spending to grow more than double by 2020

Adrian M. Reodique | Jan. 17, 2017
The region is the fastest growing robotics market led by China, Korea, and Japan.

robotics

Asia Pacific (APAC) spending on robotics and related services will reach to more than US$133 billion in 2020. This is more than double the US$60 billion spent in 2016, according to the IDC's Worldwide Commercial Robotics Spending Guide.

"Robotics continues to drive the current wave of industry transformation and upgrade, which is set to disrupt many aspects of business operations, leading to tremendous improvement in operational agility, responsiveness and customer experience," said Dr. Jing Bing Zhang, Research Director for Worldwide Robotics and Asia Pacific Manufacturing Insights of IDC Asia/Pacific, in a press release.

IDC said APAC is the fastest growing robotics market led by China, Korea, and Japan. The region will also account for more than two thirds of robotics spending globally throughout 2016-2020 forecast period.

The manufacturing sector continues to dominate the robotics spending in the region in 2016, with discrete and process manufacturing accounting for 33 percent and 28 percent respectively.  This is followed by resources, consumer, and healthcare industries.

"In Asia Pacific, we are seeing accelerated growth in robotics adoption beyond manufacturing, especially in commercial and consumer service robotics," Dr. Zhang added.

Meanwhile, IDC also forecasted that APAC spending on robotic systems - which includes industrial service and consumer robots, and after-market robotic hardware - to grow to US$64 billion in 2020.

Besides that, services-related spending which include application management, education and training, hardware deployment, system integration, and consulting will reach to over US$36 billion in 2020.

 

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