|Practice area:||Data & technology | Productivity, Innovation and New Economy|
|Client:||Department for Business, Energy & Industrial Strategy|
|Published:||8 October, 2021|
|Keywords:||economic benefit report robotics|
London Economics’ Data & Technology team were commissioned by the Department for Business, Energy & Industrial Strategy (BEIS) to find out where the key economic opportunities lie for Robotics and Autonomous Systems (RAS) uptake.
We identify several opportunities in which RAS could provide significant economic benefits, such as crop harvesting, nuclear decommissioning & surgery. However, current adoptions trends are generally not high enough to realise these benefits – policy intervention will be vital for encouraging RAS adoption and unlocking these benefits.
By 2035, warehouse logistics (think automated warehouses) will see the largest benefit from RAS based on current adoption trends. More in our new report, which can be accessed here.
Estimated increase in value added