The technology sector is experiencing a profound shift with the advancement of robotics, driven by key players like Hyundai Motor Co, Walmart Inc, and LG Corp. These companies are pushing boundaries with innovations in navigation, recycling, and automation. Despite a decline in patent applications, strategic investments and a focus on robotics continue to shape the industry’s evolution. The impact of robotics extends beyond the technology sector, influencing various industries. GlobalData’s robotics market report provides comprehensive analysis of the market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the technology industry regarding robotics. It provides an overview of recent developments in robotics-related deals, talent acquisition, and patent filings within the technology industry.
The industry experienced a 32% decline in the number of robotics-related patent applications in Q2 2024 compared with the previous quarter. On an annual basis, the number of robotics-related patent applications in the technology industry witnessed a drop of 0.57% compared with Q2 2023.
Strategic deal trends in robotics in technology industry
Technology companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in robotics. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of robotics in the technology industry.
In Q2 2024, the number of robotics-related deals in the technology industry declined by 0.50% compared with Q2 2023. On a quarterly basis, there was 19% increase in the number of deals in Q2 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2024, the technology industry experienced a 5% growth compared with the previous quarter. On an annual basis, job postings also declined by 0.43%. Notably, Computer and Mathematical Occupations, with a share of 28%, emerged as the top robotics-related job roles within the technology industry in Q2 2024, with new job postings drop by 18% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 17% in Q2 2024, with new job postings dropping by 17% over the previous quarter. The other prominent robotics roles include Management Occupations with an 11% share in Q2 2024, and Installation, Maintenance, and Repair Occupations with a 8% share of new job postings.
ASM International, Delivery Hero, Capgemini, Symbotic, and Belcan are among the top companies leading in robotics hiring within the technology industry.
Countries driving adoption of robotics in technology industry
The US is the leading country in robotics adoption within the technology industry, boasting the highest number of robotics-related patents, jobs, and deals. Meanwhile, China, South Korea, Japan and India also maintain significant positions in robotics adoption within the technology industry.
In conclusion, although robotics-related patent applications have declined, strategic investments and job growth in the sector highlight its ongoing importance. The technology industry's commitment to robotics promises continued advancements and significant impacts across various fields.
To further understand GlobalData's analysis on robotics in the technology industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData patent analytics tracks patent filings and grants across companies and themes. Proprietary databases on deals and job analytics are used to respectively monitor global deal activity and uncover insights from daily job postings to identify trends, company activities, and industry dynamics across different sectors globally.
