research report forecast significant growth
30 2 research reports forecast significant growth for robot industry
Press releases for this batch of 30 research reports all agree that most segments of the robotics industry are expected to grow at a double-digit pace at least through 2022. Although these reports vary widely in their forecasts – often on the same topic, they all seem to agree that the global robotics industry is growing at a compound annual growth rate (CAGR) in the teens or greater. Low power, smaller, lighter sensors with enhanced performance attributes and minimal false alarms is driving innovations in the sensors space for safety systems, wearables, drones, radar and intrusion detection. The fact-based backbone for many of the research reports shown above are the International Federation of Robotics' (IFR) annual World Robotics Industrial Robots and World Robotics Service Robots reports. These two books represent the official tabulation and analysis from all the robot associations around the world and cover all aspects of industrial and service robotics.The 2017 reports cover 2016 activity.