Robot Investment Reaches Record 16.5 billion USD
Industrial Robots: Robot Investment Reaches Record 16.5 billion USD (IFR)
According to a new report from the International Federation of Robotics (IFR), the annual global sales value for robots hit a record high of US$16.5bn in 2018 (+6% yoy), with 422,000 robotic units shipped.
While shipments are expected to decline slightly in 2019 when compared to 2018, experts estimate unit sales will grow at a 12% CAGR between 2020 and 2022.
China, Japan, the Republic of Korea, the US, and Germany made up 74% of global installations in 2018, with China remaining the largest industrial robot market (34% of total installations).
Analysis and Comments
A number of interesting findings in the report – notably it seems investment in robotics in the electronics industry was most affected by the trade war, with installations declining 14% from 2017 to 2018.
The automotive industry, the other main consumer for robotics, accounts for c. 30% of the total supply – and was set to be overtaken by the electronics industry if not for the US-China trade war.
Interestingly, collaborative robots (Cobots), which receive strong attention in the media, were included in the analysis for the first time this year and currently only make up about 3% of industrial robots (a 23% increase when compared to 2017).
Robots will take over soon!
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