The “fourth industrial revolution” is here - Robots are being incorporated into industrial plants worldwide, bringing with them increases in productivity, flexibility & accuracy.
A recent boom in Collaborative robots (COBOTS) is further increasing efficiency and flexibility of factories, allowing robots to work side by side safely with human employees.Robots are now an integral and unstoppable sector to the growth and success of the world’s economy, highly automated economies are rapidly shifting towards the adoption of industrial robots.
The latest projections detail that by 2018 there will be 1.8 million robots in factories across the world with solid growth each year after. Currently, the international market value for Robotic Solutions & systems is estimated to be around 32 billion US Dollars, with an increase of robotics in the automation division of 43% between 2013-2014.
Robots are now an integral and unstoppable sector to the growth and success of the world’s economy, highly automated economies are rapidly shifting towards the adoption of industrial robots. The average robotic density rate globally is 66 robot units per 10,000 employees. The image below depicts the top 21 countries that are above the global density rate average.
Reports suggest the increase in robotic systems has been able to create more jobs for human workers. Jeff Burnstein, President of the RIA states “Today there are more opportunities than ever in the robotics industry”.
The indicated growth of Automation & Robotics in the international markets is a direct reflection of where the industrial world is headed. Companies need to jump onto the robotic boom to keep their companies competitive and in line with the industry changes.