Research and Development Spending in the Robotics Industry Analysis, Share, Size and Outlook 2016

Technavio Announces the Publication of its Research Report – Global R&D Spending in Robotics Industry 2016-2020
Technavio recognizes the following companies as the key players in the global R&D spending in robotics industry: ABB, iRobot, Yaskawa Electric, Kawasaki Heavy Industries, and Kuka.
Other Prominent Vendors in the market are: Adept, Ekso Bionic, Honda, Lockheed Martin, Nachi Robotics, Rethink Robotics, Staubli Robotics, and Yamaha Robotics.

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Commenting on the report, an analyst from Technavio’s team said: “Cloud robotics will be a key trend for the market. Cloud robotics use shared services such as computing, storage, and other Internet technologies that are cloud-based and enhance the capabilities of robots. Connectivity and cloud services are crucial to leverage computational resources and capabilities. Developers can use off-board computing and storage power to develop algorithms for cloud robotics. They improve object recognition, map storage capabilities, and the ability to share data between robots.”
According to the report, customer demand for better technology and products may escalate the race for robotics patents which will be a key driver for market growth. Robots have become an essential part of both manufacturing industries and services industries such as automotive, electronics and electricals, defense, and healthcare. Advances in technologies, such as sensors and grippers, have helped robots to work in tandem with human workforces. Robots are becoming more adaptive and flexible and may resemble the biological structure of human beings. In addition, they can be instructed and programmed remotely through the cloud.

Further, the report states that unbalanced global economic recovery will be a challenge for the market. We anticipate that the unbalanced and slow growth in the global...