Asia's First Robotics Summit Comes to Singapore

The robotics market is undergoing a major transformation. Robots are growing beyond the industrial sector and beginning to assume the roles of personal assistants, surgical assistants, delivery vehicles, and autonomous vehicles, among many others. Until now, industrial robots have accounted for more than 50% of overall robotics market revenue. But 2016 marked one of the critical turning points of this shift in the robotics market, as Tractica estimates that industrial robots is set to drop to 41% of total robotics revenue, with the remaining 59% coming from non-industrial robots. Robotics is the interdisciplinary branch of engineering and science.