Economic Impact of Robotic and Autonomous Systems – October 2021

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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