The exciting news about the growth of the industry, particularly in the field of industrial robotics. It is predicted that by 2019, there will be a record-breaking deployment of over 2.6 million industrial robots worldwide [1]. Currently, we have approximately 1.2 million industrial robots in operation globally, meaning that we are expecting to add over 1.4 million new robots by 2019.
To put this into perspective, in 2015, around 240,000 industrial robotic units were sold worldwide, with China leading the demand for sales [2]. Looking ahead, China’s demand for robotic units is projected to account for more than 40% of global sales in 2019.
In terms of expenditure, the International Data Corporation (IDC) has updated their report, forecasting that spending on robotics will exceed $230 billion by 2021, with a compound annual growth rate (CAGR) of 22.8%. The manufacturing industries will be the largest purchasers of robotic products and services, with a total expenditure of over $54 billion [3]. Among the manufacturing sectors, the healthcare industry (discrete manufacturing) will spend over $30.5 billion, while the food and beverages industry (process manufacturing) will spend over $24.1 billion. Additionally, the resource industries, including mining, oil & gas, and agriculture, will contribute over $9 billion to the market.
These statistics highlight the tremendous growth and potential of the industry, particularly in the field of industrial robotics. We are excited to be a part of this thriving sector and look forward to the opportunities it presents.
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