Date
20 October 2018
Spending on robots over the 2017-2021 period is projected to reach US$133 billion, accounting for 60 percent of the global robotics market in 2021, according to market research firm IDC. Photo: Xinhua
Spending on robots over the 2017-2021 period is projected to reach US$133 billion, accounting for 60 percent of the global robotics market in 2021, according to market research firm IDC. Photo: Xinhua

Intelligent robots set to invade Asia-Pacific factories, stores

Robotics spending in the Asia-Pacific region excluding Japan (APEJ) will surpass US$130 billion by 2021, according to a report by the market research firm IDC.

The report, IDC FutureScape: Worldwide Robotics 2018 Predictions – Asia/Pacific (Excluding Japan) Implications, includes predictions on robotic development and adoption in the region, the Hong Kong Economic Journal said.

Over the five-year period from 2017 to 2021, robotic spending is expected to hit US$133 billion, accounting for 60 percent of the global robotics market in 2021.

Along with the increased spending is the rapid development of the technology, which is expected to incorporate embedded and/or cloud-based artificial intelligence (AI), said Dr. Jing Bing Zhang, research director of  Worldwide Robotics and Asia/Pacific Manufacturing Insights at IDC Asia/Pacific.

This technology will produce intelligent robots, which are characterized by “their ubiquitous sensing and connectivity, cyber-physical fusion, autonomous capabilities, and more human-friendly multi-mode interaction”, Zhang said.

“This development will have a profound impact on industrial robots and service robots, both commercial and consumer.”

Zhang also unveiled three of the top 10 predictions and major robotics trends that will present new opportunities and challenges to IT leaders in 2018 and beyond.

IDC said 40 percent of newly installed industrial robots in the APEJ market will be mounted with at least one of the intelligent features, including predictive analytics, health condition awareness, self-diagnosis, peer learning, and autonomous cognition.

It is also predicted that 35 percent of the top 100 APEJ retailers will be using or piloting robots, helping bring down the cost of goods delivery by around 20 percent.

Zhang also foresees that 25 percent of A2000 manufacturers will have set up cyber-physical robotic systems, leading to 10 to 20 percent improvement in productivity.

This article appeared in the Hong Kong Economic Journal on March 1

Translation by Jonathan Chong

[Chinese version 中文版]

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