Author: Tronserve admin
Monday 2nd August 2021 10:44 AM
Annual Investments in Robots Rose to World Record $16.5 Billion
Robot deliveries are assumed to soar 39% from 2018 to 2022 from a record annual sales level of $16.5 billion last year, as indicated by the World Robotics report.
At least a third of global installations were in China and the top five countries hold 74% of the market. Japan, Korea, U.S and Germany round out this group. China’s investment in robots landed at $5.4 billion last year.
“We saw a dynamic performance in 2018 with a new sales record, even as the main customers for robots – the automotive and electrical-electronics industry – had a difficult year,” says Junji Tsuda, President of the International Federation of Robotics. “The U.S.-China trade conflict imposes uncertainty to the global economy – customers tend to postpone investments.”
Much more than 420,000 robots were installed just last year and that figure is believed to rise to 584,000 by 2022. In 2013, the number of robots in place was 178,000.
When considering robot density, or number of robots per 10,000 manufacturing employees, Singapore and Korea hold a considerable lead in highly automated industrial production.