The technology sector is witnessing a significant transformation with the integration of robotics. Companies like Hyundai Motor Co, Integrated Recycling Technologies, Walmart Inc, and LG Corp are utilizing the latest patents in robotics to enhance their operations and drive innovation. By leveraging these advancements, these companies can increase efficiency, improve their businesses, and stay at the forefront of technological advancements in the field of robotics. The impact of robotics extends beyond the technology sector, influencing various industries. GlobalData’s robotics market report provides comprehensive analysis of the robotics 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 24% decline in the number of robotics-related patent applications in Q1 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 8% compared with Q1 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 Q1 2024, the number of robotics-related deals in the technology industry declined by 21% compared with Q1 2023. On a quarterly basis, there was 7% drop in the number of deals in Q1 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q1 2024, the technology industry experienced a 9% drop compared with the previous quarter. On an annual basis, job postings also declined by 34%. Notably, Computer and Mathematical Occupations, with a share of 25%, emerged as the top robotics-related job roles within the technology industry in Q1 2024, with new job postings drop by 36% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 16% in Q1 2024, with new job postings rising by 1% over the previous quarter. The other prominent robotics roles include Management Occupations with a 9% share in Q1 2024, and Installation, Maintenance, and Repair Occupations with a 8% share of new job postings.
ASM International, Accenture, Veeco Instruments, NVIDIA, and Texas Instruments 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 the UK also maintain significant positions in robotics adoption within the technology industry.
Robotics remains a critical area of focus for innovation and strategic investment in the technology industry, influencing market trends and employment patterns. With leading countries like the US spearheading advancements, the sector is set for continued growth and transformation.
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.
