Global Upside for Robotic Systems and Drones Market

Global spending on robotic systems and drones will reach $128.7 billion in 2020 — that’s an increase of 17.1 percent over 2019, according to IDC. By 2023, IDC expects the investment will reach $241.4 billion with a compound annual growth rate (CAGR) of 19.8 percent.

via Digital Lifescapes

Commercial Drone Revenue to Reach $43B by 2024

The Commercial Drone market will reach a 20.5% CAGR during 2019-2024, with annual spending surpassing $43.1 Billion by 2024. This is based on the drone-related revenue of companies across 15 industry segments.

via IoT Analytics

The Search and Rescue Airship Enabled by 5G Innovation

The Skyship project, created by KT Corp, brings science fiction to life. Although autonomous drones have already been developed for search and rescue work, this is the first project to use a flying mothership to deploy and control them.

via World Economic Forum

Robotics Spending to Reach $125.4 Billion in Asia-Pacific

Asia Pacific (excluding Japan) spending on robotics is forecast to reach $125.4 billion in 2022, tripling the total spending in 2017, with a compound annual growth rate (CAGR) of 25.7% from 2018 through 2022. APEJ is the largest market for robotics applications and will account for more than 62% of the world’s total robotics market in 2022.

via IDC

Robotics and Drone Revenues will Reach $201.3 Billion

Spending on robotics solutions is expected to total $86.6 billion in 2018 and will account for more than 85 percent of all spending throughout the five-year forecast. Industrial robotic solutions will account for the largest share of robotics spending (more than 57 percent), followed by service robots and consumer robots.

via Digital Lifescapes

Worldwide Revenue for Robotics will Reach $230.7 Billion

New applications for robots are growing rapidly, as more industries adopt the technology. Worldwide purchases of robotics, including drones and robotics-related hardware, software and services, will total $97.2 billion in 2017 — that’s an increase of 17.9 percent over 2016, according to IDC.

Source: Digital Lifescapes

Agricultural Robots and Drones Bring Big Data to Farming

According to a new study, agriculture will be a major market for drones, reaching over $480 million in 2027. Unmanned remote-controlled helicopters have already been spraying rice fields in Japan since early 1990s.

Source: IDTechEx

Robotic Drone Revenue will Reach $20 Billion in 2020

Worldwide spending on robotics and related services will more than double by 2020, growing from $91.5 billion in 2016 to more than $188 billion in 2020, according to the latest market study by International Data Corporation (IDC).

Source: Digital Lifescapes

How Robots and Drones will Transform Global Agriculture

The Internet of Things (IoT) will impact all industries, including farming. As an example, robots and drones have already started to transform parts of the global agriculture sector. According to IDTechEx Research, it’s already a $3 billion market in 2016, and it will grow to reach $10 billion by 2022.

Source: Digital Lifescapes

CES 2016: Explore the Year of Consumer Robotics and Drones

The International Consumer Electronics Show (CES 2016) is happening this week in Las, Vegas. It’s the world’s gathering place for all who thrive on the business of consumer technologies. One of the exciting emerging product categories featured as this year’s event is the Internet of Things (IoT).

Source: Digital Lifescapes