A recent IDC press release stated the Asia Pacific region is the fastest growing robotics market led primarily by China, Korea, and, of course, Japan. The research firm forecasts this region will account for two-thirds of global robotics spend from the years of 2016 to 2020. Also estimated was the fact this region will grow from $60 billion (B) to slightly over $133B by 2020 (a compound annual growth rate of 22%).
Robotics is reported to be able to “drive the wave of industry transformation” and disrupt many aspects of business operations and business models. One area mentioned by IDC was in the area of commercial and consumer service robotics.
As wasmentioned in this blog, the future of personal robotics looks bright, especially for the baby boomers and their parents who need the companionship, queuing (for the time to take medicines, eating, and other activities of daily living (ADLs)), and support that families need to do with their parents, but for one reason or another are not able to accomplish. The newer robots on the market seek to help families handle these functions quite well although the pricing is far out or range today.
Here is a link to the report:
A humorous story for the day:
A young technician and his General Manager board a train headed through the mountains on its way to Wichita. They can find no place to sit except for two seats right across the aisle from a young woman and her grandmother.
After a while, it is obvious that the young woman and the young tech are interested in each other because they are giving each other “looks.”
Soon the train passes into a tunnel and it is pitch black. There is a sound of the smack of a kiss followed by the sound of the smack of a slap.
When the train emerges from the tunnel, the four sit there without saying a word.
The grandmother is thinking to herself: “It was very brash for that young man to kiss my granddaughter, but I’m glad she slapped him.”
The General Manager is setting there thinking: “I didn’t know the young tech was brave enough to kiss the girl, but I sure wish she hadn’t missed him when she slapped and hit me!”
The young woman was sitting and thinking: “I’m glad the guy kissed me, but I wish my grandmother had not slapped him!”
The young tech sat there with a satisfied smile on his face. He thought to himself: “Life is good. How often does a guy have the chance to kiss a beautiful girl and slap his General Manager all at the same time!
A recent press release by International Data Corporation (IDC) has forecast that global spend on robotics and associated services are expected to increase from $71 billion (B) to over $135B in 2019, a 17 percent CAGR (compound annual growth rate). Robotics is one of Innovation Accelerators (coined by IDC) for the future. The other “accelerators”mentioned are: Augmented & Virtual Reality, Cognitive Systems, Internet of Things (IoT), Next Gen Security, and 3D Printing.
Figure 1: Sony’s AIBO (Artificial Intelligence RoBOt) Dog
This forecast includes global spending on robotics systems that includes consumer, industrial, and service robots. Although it is expected to grow over $31B in 2019, the services-related spend that includes consulting, education, training, systems integration will grow over $32B becoming the largest and fastest-growing area of robotics spending even beyond the spend on servers/storage and software.
Once again, consulting agencies are forecasting strong growth in another STEM industry that will appeal to those that want to help better humanity.
Quote for the Day: “If you want to get to the top, you must first get off your bottom.” — Khan Wong