IT Industry Trend Report: Current Status of the Global Intelligent Robot Market

Current status of the global intelligent robot market

New growth momentum, the research and development of intelligent robots. With the rapid development of IT technology, we are striving to create a new era of intelligent robots. In 2015, the global intelligent robot market was about 26.9 billion US dollars. In the next 10 years, the CAGR (average annual growth rate) will increase by 9% year-on-year, and the global robot market will reach 66.9 billion US dollars by 2025. In the past, factory automation in the manufacturing industry was the main application field, but now the application scope of robots in the service industry such as medical care, logistics and home is gradually increasing. Unmanned vehicles dominate the intelligent vehicle technology in the robot industry, and the competition is fierce. The Korean intelligent robot industry is still in its infancy, and intelligent robot companies in manufacturing, medical care, unmanned vehicles, and homes in overseas securities markets have become the focus of investors.

Robots are necessary tools in manufacturing workshops <br /> In the workshops of the automobile manufacturing industry, assembly, welding, painting, transportation and even quality inspection all require the assistance of robots to complete production. In the past, robots replaced human resources to become the concept of automation and productivity. Now robots will become the processing of high-precision operations that humans cannot do under the premise of ensuring innovative quality. In 2014, the global manufacturing robot market size reached about 10 billion US dollars, an increase of 15.0% YoY. The manufacturing robot market is expected to grow rapidly at a CAGR of 12.0% in the two years to 2017, of which the automobile manufacturing industry accounts for about 40%.

Rapidly expanding the application areas of service robots <br /> The global service robot market is expected to reach $5.9 billion in 2015, and will grow rapidly to a CAGR of 12.3% by 2025. Robots in the medical field such as surgery and treatment account for the largest proportion, accounting for 30%. Robots in the fields of entertainment, cleaning, and logistics are growing the fastest. Unmanned vehicles have not yet entered the market for sale, but according to reports from major automobile brands such as Mercedes-Benz, Google, and Audi, they will be commercially available before 2020.

Governments and multinational companies are actively investing in the robotics industry .<br /> Governments of major countries believe that innovation and innovation in robotics technology are the driving force of national competitiveness, so they support and expand the development of the industry. Since 2013, Google has acquired more than 10 robotics and artificial intelligence-related companies and increased investment in service robot projects such as unmanned vehicles, logistics, and disaster relief. Not only does it improve the level of medical and logistics services, but it also explores and improves the quality of public services such as responding to sudden disasters.

Industrial Robot Market Trends
According to IFR (International Federation of Robotics), the industrial robot market grew by 9.5% CAGR year-on-year in the five years from 2008 to 2013. In 2013, the world's industrial robot sales volume reached 178,000 units, with a YoY growth of 11.8%, reaching a record high. It is estimated that the global market sales volume of industrial robots in 2014 will be around 205,000 units, with a YoY growth of 15.1%. Due to the rapid growth of the robot market in the past five years, the future growth trend of major equipment investment is expected to be slower than the past five years. In the future, the global robot market (in terms of monetary terms) for both industry and service will grow by 9.2% CAGR in the 25 years from 2000 to reach 66.9 billion US dollars in 2025.

Source: KB Bank Securities