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Smart Machines: Technologies and Global Markets

  • March 2016
  • -
  • BCC Research
  • -
  • 145 pages

Summary

Table of Contents

This BCC Research report identifies smart machine products and related technologies with the greatest commercial potential from 2015-2026. It also analyzes the key drivers and constraints that will shape the market for these products and technologies over the next ten years.

Use this report to:

Gain insight into smart machine products and related technologies with the greatest commercial potential over the next ten years (2016 to 2026).
Identify the key drivers and constraints that will shape the market for various types of smart machine products and technologies over the next ten years.
Estimate the current and future demand for smart machine products and enabling technologies.
Assess information about companies, academic and government laboratories that are developing smart machines.

Highlights

The global market for smart machines reached $6.6 billion in 2015. The market should reach $7.4 billion in 2016 and nearly $15.0 billion in 2021, a compound annual growth rate (CAGR) of 15.0% from 2016 to 2021.
Over the five years following 2021, the total market for smart machines is expected to reach $40.3 billion, a CAGR of 21.9% from 2021 and 2026.
Expert systems made up the largest share (52%) of the market in 2015, followed by autonomous robots (21%) and intelligent assistants (11%). However, by 2026 intelligent assistants are expected to be the largest market segment, followed by autonomous robots with 33.4% and 30.2% of the market respectively.

STUDY BACKGROUND

The possibilities and challenges created by “smart” machines replacing humans have been a staple of science fiction for nearly 150 years, beginning with Samuel Butler’s novel Erewhon. Since then, the theme of smart machines has been developed in numerous books and films, most of which portray smart machines either as mankind’s helpers (e.g., Isaac Asimov’s Robot books), its equal partners (Star Trek: The Next Generation’s Lt. Commander Data) or its implacable enemies (The Terminator’s Skynet ).

STUDY GOALS AND OBJECTIVES

Amid the debate about the benefits and risks of smart machines, or the effects they might have on society or the economy, the goal of this report is more concrete. Its goal is both to provide the reader with an understanding of the technologies that will influence the future size and structure of the market for smart machines and related
technologies.

Specific objectives include:

Identifying smart machine products and related technologies with the greatest commercial potential over the next ten years (2016 to 2026).
Analyzing the key drivers and constraints that will shape the market for these products and technologies over the next ten years.
Estimating the current and future demand for smart machine products and enabling technologies.
Ascertaining which companies are best positioned to meet this demand, because of proprietary technologies, strategic alliances or other advantages.


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