RECENT NEWS
Financial Times  Jun 4  Comment 
Developer of robotics for ‘keyhole’ surgery attracts new investors in series B round
TechCrunch  Jun 4  Comment 
Today at Computex in Taipei, Nvidia CEO and founder Jensen Huang announced the availability of a drastically upgraded version of Issac. Nvidia calls the next-gen robotics system the next step in autonomous machines as it reportedly brings AI...
Forbes  May 31  Comment 
The bulk of gains of advances in AI, Big Data and robotics goes to the 20% industry leaders in each industry. How can SMEs and startups stay relevant? This article explores five answers.
Channel News Asia  May 31  Comment 
RIYADH: Saudi Arabia's crown prince wants to build a mega-city with the latest robotics under his grand plan to reform the kingdom. Civil servant Amer al-Ghamdi has a simpler dream: to buy an affordable home. Whether Ghamdi and some 1.2 million...
Benzinga  May 30  Comment 
Kevin O'Leary's O'Shares ETFs has filed plans to possibly introduce five new smart beta exchange-traded funds.   The new funds will focus on quality growth strategies, according to the SEC filing. The five existing O'Shares ETFs primarily...
Forbes  May 30  Comment 
Billionaire Masa Son's robotics business struggled to integrate a $100 million French startup. Now it must find synergies with BostonDynamics and flog many more units of the doe-eyed Pepper robot.
Forbes  May 29  Comment 
Pittsburgh's tech scene has developed due to the combination of forward looking government officials and great academic institutions. Add to that a growing investor community. One of the leaders in that space is Innovation Works. I recently caught...
The Economic Times  May 23  Comment 
The two institutions signed a Statement of Intent (SoI) to work together in preparing key sectors of the economy for digitalisation, artificial intelligence (AI) robotics, and industrial automation, an ABB India statement said.




 
TOP CONTRIBUTORS
The robotics industry is separated into three main fields: industrial robotics, service robotics, and personal robotics. While these three fields all are expected to grow, service and personal robotics, the newest of the three, are expected to grow much more rapidly than the more mature industrial segment. The winners in this industry will be the leading industrial robotics manufacturers who will benefit from technology gains in the new high growth sectors, as well as cutting edge companies who combine the latest robotics technology with practical uses primarily in the home and in the defense, service, and medical industries. The losers in this category will be those companies whose products are replaced by robots who can do the work faster, better, and with less human labor involved.
Error creating thumbnail
Error creating thumbnail

Industrial Robotics

Error creating thumbnail
[1]

Industrial robots, or more appropriately "immovable robotic arms" have been around for decades, and they do things like spot weld cars, paint refrigerators, and check for irregularities in assembly lines. [2] They are used in a number of different manufacturing sectors, but primarily in the automotive industry and to a lessor extent the electronics industry. Industrial robotics shipments actually sagged between 2000 and 2005--primarily due to the downturn in the automotive industry--while the entire robotic industry almost doubled sales from $5.7 to $11 billion. [3]

Recent growth in the robotics industry came primarily from the other two robotics segments, which are often lumped together under a category called "mobile robotics." Mobile robotics has technology built into them that allow autonomous movement and interaction with humans and other robots, among other "intelligent" features.

Error creating thumbnail
[4]

Personal Robotics

Error creating thumbnail
[5]

Personal Robots are generally purchased by individual buyers (consumers) and are used to educate, entertain or assist in the home. This market is typified by products such as robotic vacuum cleaners, lawn mowers, and toys, as well as robots that assist the disabled and elderly in the home.

Service Robotics

Error creating thumbnail
[6]

Service robots are semi or fully autonomous mobile robots that assist humans, service equipment and perform other autonomous functions. [7]. They are best utilized for tasks that are repetitive, require continuously high levels of concentration, are physically demanding, or take place in dangerous environments. Robots that perform functions underwater, those that clean, and those that perform precise medical maneuvers are popular examples of service robots.

Probably the largest subclass of service robots is in the defense industry. Unmanned vehicles on the ground, under water, or in the air all fit within this category. Often linked to military robots are search and rescue, fire fighting, de-mining, surveillance and other types of public safety robots.


Winners

General Dynamics (GD) and Lockheed Martin (LMT) are two examples of major military vendors currently working on unmanned robotics that should benefit from increased military contracts for unmanned vehicles. Although much smaller, IRobot (IRBT) is a pure-play robotics company with 40% of its sales from military contracts (and as a company has experience a compound annual growth rate of 62% between 2003-2005. AeroVironment (AVAV) is also a smaller player developing unmanned vehicles for the government. In these turbulent times, demand for defense-related service robotics is predicted to be very strong.

Electrolux (ELUXY), Samsung, and LG are all large home appliance manufacturers that are working on or offering personal robot products. Given that iRobot's flagship "Roomba" robot floor vacuum, introduced in 2002, already commands a 3% market share out of the $3.4 billion vacuum cleaner market, demand for these products seems real.

Fanuc and Yaskawa Electric are some of the largest industrial robotics manufacturers in the world. Although their growth rates are smaller due to market maturity, demand for industrial robots among many manufacturing sectors is still consistent, and may grow due to technology enhancements made throughout the robotics industry. in the 3rd quarter of 2007, Yaskawa reported that 70% of its robotics sales came from the automotive industry, showing a strong dependence on that industry.


Losers

Techtronic Industries (TTNDY), with brands like Dirt Devil and Hoover, along with Black & Decker (BDK) could see vacuum cleaner sales decline unless they get into the robot vacuum business.


Toro Company (TTC) and Deere & Company (DE), two large lawn mower manufacturers, may see sales dwindle if robotic lawn mowers become the rage.

Robotics Industry Drivers

The Global War on Terror

The War on Terror has increased federal spending on defense both at home and abroad. In an effort to save costs and human lives, Congress is pushing defense dollars towards unmanned vehicles and thus the robotics industry. In fact, the U.S. Defense Department released a 25 year road map for unmanned aerial vehicles in 2003 which called for an increase of spending on these machines 3-fold to $10B in 2010. [8].

Health of Automobile and Electronics Industries

As the main drivers of industrial robotics sales, which still comprise about half of total industry sales, the health of the automobile and to a lessor extent the electronics industry is correlated to the health of the robotics industry.

Robotic Technology

The main limiting factor to the growth of the robotics field is technology. Some of the toughest problems of robotics, such as visual recognition, navigation and machine learning, once understood, will propel the robotics field further into the mainstream instead of just niche market where it mainly resides today. Bill Gates, in a recent article published in Scientific American [9], compared the robotics industry to the emerging PC industry 30 years ago when computer mainframes were mainly used in niche markets. He predicted that the future would see robots as ubiquitous as PCs, assuming that programming standards were set in place so programmers wouldn't have to start from scratch with each new robotic application.

Notes

  1. http://www.euractiv.com/en/infosociety/robots-speak-european/article-145529
  2. http://www.roboticstrends.com/displayarticle98.html
  3. Analysts predict an upturn in the automotive industry in 2007, which should help industrial robotics growth.
  4. http://www.ifr.org/statistics/keyData2005.htm
  5. http://www.ifr.org/statistics/keyData2005.htm
  6. http://www.ifr.org/statistics/keyData2005.htm
  7. http://www.roboticstrends.com/displayarticle98.html
  8. http://findarticles.com/p/articles/mi_m0KAA/is_2_32/ai_102274046
  9. http://www.sciam.com/article.cfm?articleID=9312A198-E7F2-99DF-31DA639D6C4BA567&sc=I100322
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki