Spurred by growing interest in artificial intelligence (AI), the Asia-Pacific (APAC) robotics market is expected to growth to US$162 billion in 2021, accounting for 70 percent of the world’s total robotics market in 2021, according to IDC. China is expected to dominate with 45.7 percent market share over the next five years.
From a technology perspective, APAC spending on robotic systems is expected to grow to US$92 billion in 2021.This includes industrial, service and consumer robots and after-market robotic hardware. Meanwhile, services-related spending, which encompasses application management, education and training, hardware deployment, system integration, and consulting, will grow to more than US$44 billion in 2021.
“The convergence of robotics and artificial intelligence technologies are accelerating the development of the next generation of intelligent robots for industrial, commercial, and consumer applications. Intelligent robots with innovative capabilities such as cognitive interaction, self-diagnosis, and learning are emerging and driving wider adoption of robotics in many industries including manufacturing, resources, healthcare, retail, and so on,” said Dr Jing Bing Zhang, Research Director of Robotics at IDC Manufacturing Insights.