Spending on robotics systems, drones to hit $128.7 bn in 2020

Worldwide spending on robotics systems and drones will be $128.7 billion in 2020, an increase of 17.1 percent over 2019, according to a new report from International Data Corporation (IDC).

By 2023, this spending will reach $241.4 billion with a (CAGR) of 19.8 percent, said the IDC “Worldwide Robotics and Drones Spending Guide”.

Robotics systems will be the larger of the two categories throughout the five-year forecast period with worldwide robotics spending forecast to be $112.4 billion in 2020.

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