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Business & Technology

Robot Market Could Hit $188 Billion By 2020

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Robot Market Could Hit $188 Billion By 2020

2017-01-11 01:34:11

Market researcher IDC sees estimates that commercial and industrial robots could become a $188 billion worldwide market by 2020. The estimate includes drones and robot-related services.John Santagate, research manager of supply chain at IDC Manufacturing Insights, said in a statement Tuesday, "This growth is really fueled by a combination of technology improvements, expanded use cases, and acceptance in the market. Innovators in the field of robotics are delivering robots that can be used to perform a broader range of tasks, which is helping to drive the adoption of robotics into a wider base of industries."

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