Worldwide spending on robotics and related services is estimated to hit $135.4 billion in 2019, up from a spend of $71 billion in 2015. Robotics is big business, and the impact of this rapidly advancing field of technology is being felt across sectors ranging from manufacturing, design, construction, healthcare, and even in our homes.
Employers, economists and scientists are all working to understand how far reaching the consequences of robotics will be. Increasing automation and the efficiency it brings is already shaping the labour market, impacting national productivity, and affecting the ability of companies to compete on an international stage.
The New Means of Production
From the gold rush to the industrial revolution, the ownership and control of the most sophisticated means of production has always conferred an advantage to innovators in their field. As the abilities of robots increase, so too does the competitive advantage of the companies who own them. Organizations who fail to adopt new ways of automating repetitive processes and eliminating costs will be left behind.
A quick patent search reveals that patent applications mentioning ‘robots’ have sky rocketed in the last 5 years, and the trend shows no sign of slowing.
Patent Applications in Robotics
In our most recent white paper, we look at the patent landscape for Robotics, and how R&D managers can spot licensing trends and opportunities. We also reveal who the top 10 patent holders are in Robotics, and in Computer-Assisted surgery. Download your copy of the report now.