Robot Investment Reaches Record 16.5 billion USD

in #robotic4 years ago

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).

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