Servos, Motors, and Actuators Driving Robotic Components Market Towards a Healthy $2.4 Billion in 2016
Servos, motors, and actuators will show significantly higher growth rates than the overall robot market, due to the increasing complexity of robots. ABI Research forecasts robotic component revenues to exceed $2.36 billion in 2016, in a total robotics market of some $22 billion.
In addition, components such as wheels, microcontrollers, and battery units, will show high unit shipping volumes, due to their use on multiple types of robots, particularly in the personal robot segment.
According to research director Philip Solis, “Today, personal robots are leading the market with 97% of unit shipments, although military, industrial and medical robots, due to their much higher ASPs, deliver almost twelve times as much overall revenue. The greater complexity of new models, and growing demand for that complexity, require more expensive parts and materials.”
On the downside, Solis notes, “Continuing global economic instability (as well as man-made or natural disasters such as the recent earthquake in Japan) could impact demand for robots and their components, while rising commodity costs can mean more expensive components.”
ABI Research’s new “Robotic Components” study examines the market for robotic components for the period 2011-2016, covering global markets segmented by region. Forecasts are segmented for individual component types, for shipments, ASPs and revenues. The activities of key industry participants are also discussed.
This report is part of ABI Research’s Robotics and Automation Research Cluster.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 40+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
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