Asia Pacific spending on robotics set to double by 2020

SINGAPORE (Jan 16): Investment in robotics and related services are expected to double from the current $60 billion to more than $133 billion in the Asia Pacific region by 2020.

The figures were part of IDC’s newly released Worldwide Commercial Robotics Spending Guide, which includes data on commercial and consumer purchases of drones, after-market drone hardware, on top of the spending on robotic systems, system hardware and software, robotics-related services and after-market robotics hardware.

At present, Asia Pacific is the fastest growing robotics market globally because of  China, Korea, and Japan. In fact, the region will represent over two thirds of worldwide robotics spending for the 5 year period from 2016 to 2020, and will account for more than 70% of global spend in 2020.

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