Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
Breaking News
Fugro selected for Australian Government’s HydroScheme Industry Partnership Program (HIPP)
The Australian Government has selected Fugro to join the...
Blue Marble Geographics announces speakers for the online conference GeoTalks 2020
Blue Marble Geographics — Blue Marble Geographics® has announced...
URISA Announces Young Professional of the Year
URISA is pleased to announce that Rachel Rodriguez (Marquez)...
Ecometrica to provide platform for NASA’s latest Earth images
Edinburgh and Maryland, 27 February 2020 – Sustainability and...
Bluesky Awarded LiDAR Contract to Map Wales from the Air
Leicestershire, UK – Aerial mapping company Bluesky International has...

Research and analysis firm IDC updated its forecast for global spending on robotics systems and drones, forecasting $128.7 billion for 2020, with spending expected to reach $241.4 billion by 2023.

IDC said the 2020 forecast on spending is an increase of 17.1 percent over 2019, with spending on average reaching a compound annual growth rate (CAGR) of 19.8 percent through 2023. The forecast is part of an update to the company’s Worldwide Robotics and Drones Spending Guide.

Like its 2019 forecast, IDC said robotics systems will be the larger of the two categories through the five-year forecast period. Robotics spending is expected to reach $112.4 billion this year, while spending on drones will reach $16.3 billion in 2020, IDC says. However, the growth rate for drones through 2023 is expected to be faster (33.3 percent CAGR) for the drones space than robotics (17.8 percent CAGR).

 

Comments are closed.