Posted On: Jun-2022 | Categories : Automotive
Robotics has become an integral part of today’s Industrial Revolution as a result of which there are some pragmatic changes taking place across this particular industry.
Would you like to get acquainted with the most recent changes in this segment along with the detailed study of the impact of megatrends like AI, IoT, Blockchain, and Nanotechnologies that have impacted the robotics segment closely?
We ensure the fact that you will be glued to the Statistics elaborated in detail below which will answer your questions related to Robotics and its supplementary industries.
During Covid-19, almost all the industries have taken a hit, however, the demand for robotic automation rose notably. This was due to the fact that industries were focusing on automating tasks and using less manpower to mitigate the risks of the pandemic.
Robotic automation has become a pertinent technology today and most of the tasks in industries, healthcare settings, agriculture, and other areas are being automated to reduce human effort, cost and time. In the present scenario, humanoid robots are being built so uniquely with IoT sensors that they have the capability to replicate the behaviors which are usually performed by common people. Such robots attempt to replicate speech, walking, lifting, cognition, and many other forms of human activities. Many of today's robotic sensors are highly sensitive in nature, thus contributing widely to the field of bio-inspired robotics.
As of April 2023, there were nearly 3.5 Million industrial robots, and the cost of installing these robots was nearly USD 15.9 billion.
By 2027, the worldwide market for robotics is expected to generate $43.32 billion in sales.
More than one-third of the worldwide robotics industry's revenue comes from Asia.
Currently, there are more than 3.4 million industrial robots worldwide.
In the manufacturing sector, the global robot-to-human ratio is 1 to 71.
Industrial enterprises will allocate 25% of their capital to industrial automation over the next five years.
Robots have caused 14% of workers to lose their employment.
Globally, the robotics industry is anticipated to develop significantly in terms of revenue, with a predicted value of US$38.24 billion by 2024.
Service robotics is expected to lead the other market sectors with a projected market volume of US$28.93 billion in the same year.
This industry is predicted to develop consistently yearly from 2024 to 2028, with a compound annual growth rate of 4.21%.
The market volume is therefore projected to reach US$45.09 billion by 2028.
When compared globally, the robotics market in the United States is predicted to provide the most revenue, with an estimated value of US$7,846.00 million in 2024.
By April 2023, there were 3.5 Mn industrial robots.
These robot deployments are estimated to be worth $15.7 billion.
In 2025, the global market for military robotics will be worth USD 16.5 Bn.
Around 150,000 people are employed globally in engineering & assembly roles in the robots sector.
In 2022, nearly 584,000 robotic units were purchased.
By 2025, sales of cobots will account for nearly 34% of all robot sales.
Globally, 88% of organizations intend to integrate robotic automation into their infrastructure.
In 2022, Orders for robotic units in North America rose by 24%.
Revenue from the robotics sector increased to $37.37 billion in 2023 from $18.47 billion in 2016. Over $16 billion more was earned in income from service robotics throughout that period.
As of February 2023, the robots industry data for 2023 show a 0.5 million growth from 3 million units in 2022 to 3.5 million units. Up to 500,000 industrial robot units per year will be used in enterprises by 2024.
According to Statista, Asia accounts for more than one-third of worldwide robotics sector income. Asian businesses brought in $13.51 billion from the robotics industry in 2023, easily making them the leading area in the world for robot production. Companies in North America brought in $9.39 billion, while those in Central and Western Europe brought in $9.02 billion.
According to Statista, revenue from commercial service robots is highest in Europe. In 2023, service robots brought in $6.82 billion for European businesses. North America, with $5.78 billion, and Asia, at $3.57 billion, were the next top regions.
Starship Technologies, located in Estonia, and TouchLab, based in the United Kingdom, are two notable European service robotics firms.
Asia is the largest regional market for industrial robotics, with China and Japan holding first and second place, respectively. It is expected to continue growing in 2024.The United States is the third-largest market for robots globally, and it is expected to expand significantly once significant supportive legislation is introduced. The Inflation Reduction Act (IRA), the CHIPS and Science Act, and the Infrastructure Investment and Jobs Act (IIJA) together pledged the following between November 2021 and August 2022:
The Infrastructure Investment and Jobs Act includes $1.2 trillion in federal spending and $550 billion in net extra investment.
Chips and Science Act: $250 billion to support U.S. semiconductor production, R&D, and workforce development
The Inflation Reduction Act allocates $370 billion to finance and promote the production and manufacturing of clean energy.
1) $65.3 billion Robotics Industry
The Global Robotics Market was valued at $65.3 billion in 2021 and it is likely to reach up to a landmark of $180 billion in 2027 with a CAGR of 13%.
2) The top 4 Players of the Robotics constitute more than 50 % of the total share of the robotics market
ABB - The organization has annual revenue of approximately USD 28 billion & in 2002 it became the first company in the world to sell around 100,000 robots.
Fanuc - The company has an overall revenue of nearly USD 4.7 billion & has installed more than 750,000 robots worldwide.
KUKA- The company is based in Augsburg, Deutschland, &has an annual revenue of $2.5 billion out of which $899 million is spent on robotics.
Yaskawa - A Japan-based company has an annual revenue of around $1.7 billion out of which around $597 million is spent on robotics.
3) Spend on Pharmaceutical Industry will quadruple in the next four years.
Spending by the pharmaceutical industry on robotic technologies will quadruple in the next four years. Pharmaceutical organizations are increasingly partnering with automation and robotics solutions providers to integrate these technologies into processes such as drug development, manufacturing, and anti-counterfeiting.
4) South Korea Lead the world with the highest robot density in 2020
South Korea took the 1st spot among most automated countries with 932 robots per 10,000 employees. Singapore bagged the 2nd spot with 605 robots per 10,000 employees in 2020.
5) Spend on the automotive Industry will double in the next 4 years.
Spend by the automotive industry will double on robotics technologies in the next 4 years. Robots are more efficient, accurate, flexible, & dependable in the automotive production lines. The Automotive Robotics sector is having the largest share of around 32% (8.8 billion) in 2020. The majority of the automation in U.S comprises the manufacturing sector, which constituted 82.3 % of the total industrial robot installations across all the industries in the United States in 2018.
The robot density in the United States automotive industry hit a landmark of 1,287 units of installations per 10,000 employees. The United States ranks 7th in robot density globally. The density is similar to Deutschland (1,311 units) & Japan (1,248 units).
6) Venture firm’s investment in robotics was $ 6 billion in 2021
In 2021, venture capitalists have invested over USD 6 Bn in robotics globally and 2 Bn in the United States alone. In the previous year, more than $17 billion were invested into VC-backed robotic startups, which was nearly triple as compared to the investment done in 2020. However, this year is a little behind that pace due to the impact of Covid-19, but the sector already has seen more than USD 5 billion flow to startups.
The Global VC investment in 2021 summed up to USD 643 billion, as compared to $335 billion for 2020, thus marking 92 % growth year over year.
7) More than 2.7 million industrial robots operating in Factories, Globally
Data shows a record of 2.7 million industrial robots operating in factories around the world – an increase of 12%. Sales of new robots maintain a robust pace with 373,000 units shipped globally in 2019. This is 12% less compared to 2018, but still, the 3rd highest sales volume ever recorded. There were a record 310,700 industrial robots operating in U.S. factories in 2020.
Among all the sectors, a 1% increase in robot density correlated with an increase in productivity of 0.8 %. The highest productivity gains were seen in industries where the companies were in the preliminary stages of adopting robots. These industries witnessed a 5.1 % increase in productivity with an increase in industrial robot density of 1%. The number of working hours of the employees decreased by 2.7% with robot adoption.
8) 4 million commercial warehouse robots are to be installed in over 50,000 warehouses by 2025.
The warehouse robotics market accounted for up to USD 3.56 billion in 2020&is expected to foster with a CAGR of 11.8% thus reaching around USD 10.86 billion in value by 2030, with the U.S. market leading the way. Moreover, there will be over 50,000 commercial warehouse robots established by 2025 globally. The utilization of robotics for inventory management and tracking, purchasing, sales, and deliveries helps businesses to become more efficient.
9) Over 60,000 mobile robots shipped in 2020, globally
The mobile robotics market is worth around USD 7 Billion in 2022. The growth of the market is widely driven by the growing e-commerce sector, an increase in manufacturing automation, mass personalization of goods & a shortage of low-cost labor.
According to research, nearly 60,000 mobile robots were shipped in 2020, which is an increase of over 25% as compared to 2019. Analysis shows that by the end of 2025, nearly 2.1 million mobile robots will be shipped, with almost 860,000 of these accounted for 2025 alone.
10) There are Approximately 12 million Industrial Robots Operating Globally in 2021
The overall operational stock of the industrial robots touched a new benchmark of about 12 Mn units across the globe in 2021, increasing by nearly 13% on an average per year.
The manufacturing industry saw a record of 113 units of average robot density per 10,000 employees.
The average robotic density in the United States is 228 units per 10,000 employees. In the United States there were around 30,800 industrial robots installed in 2020. Also, nearly 384,000 industrial robots were shipped globally in 2020.
11) Around 6,55,000 units of industrial robotic installations done in 2021
There were almost 6,55,000 units of industrial robotic installations done in 2021 all across the globe with the Asia Pacific leading the market with 4,22,475 installations (i.e., around 64.5% of the entire market), followed by North America (84,495-unit installations, i.e., around 12.9%) and Europe (98,250-unit installations, i.e., around 15%).
12) 2,95,733 Robots were Installed in China
For 8 years in a row, China has been the world's largest market for industrial robots. In China, the robot density in manufacturing industries reached a benchmark of 246 robots per 10,000 employees in 2020.
In the Asian Pacific region, China comprehensively dominated the market with 2, 95,733 units of new installations of industrial robots. Global sales of robotic units is expected to rise up to 720,500 units in 2022. In the Healthcare sector, over 1 million robotic units were ordered from (2015-2021).
13) 90 % of the businesses will adopt Robotics by 2030.
As of June 2021, around 20% of all the organizations had adopted RPA (Robotic Process Automation) thus rising from the 13% adoption rate in 2020.
Around 90% of the worldwide businesses planned to adopt robotic automation in their respective infrastructures by 2030. It will lead to an increase in productivity and a significant drop in defects.
By 2024, the organizations worldwide will lower their operational costs by 30% by the combination of hyper-automation technologies with redesigned operational processes.
14) Robots could replace 3.3 times of the jobs in Future.
A recent MIT study found that each robot added to the workforce has the effect of replacing 3.3 jobs, while Oxford Economics asserts that robots will replace 20 million manufacturing jobs by 2030.
Automation will not displace the employees, but it is expected that around 861,000 public sector jobs will be attributed to automation by 2030, thereby saving around £17 billion off the public sector payments in 2030 as compared to 2015.
Also, according to a new workforce study from the New York-based consulting firm, between (400 - 800) million workers worldwide will be displaced entirely by automation by 2030, while as many as 375 million workers will need to quit their occupation and switch to a more in-demand field.
15) Recycling Robots are able to sort over 67 million tons of waste in America.
The global Waste Recycling Services market size was worth USD 55.12 billion in 2020 & is poised to grow up to a CAGR of 5.31% from 2020 to 2030.
Sorting through 67 million tons of glass, plastic and paper is a very daunting, degrading, low-paid and mind-numbing job, therefore Matanya Horowitz, the Founder of AMP Robotics wants to take humans off the job.
In 2021, nearly 6.94 million tonnes of solid waste were collected, out of which 3.83 million tonnes were again recycled. The amount of waste generated by the non-domestic & domestic sectors both increased in 2021, from 4.12 million tonnes & 1.77 million tonnes respectively in 2020, to nearly 5.12 million tonnes & 1.82 million tonnes respectively in 2021. The amount of recycled waste attributed to the non-domestic & domestic sectors gradually increased, from nearly 2.81 million tonnes & 0.23 million tonnes respectively in 2020, to around 3.58 million tonnes & 0.24 million tonnes respectively in 2021.
16) 90,000 Robots are in Use in the Food Industry.
The Food Robotics Market is estimated to grow up to 6.6 billion in 2027 from 2.8 billion in 2020 with a CAGR of 13.1%.
Now, over 90,000 robots are in use in the global food and beverage manufacturing industry, picking and packing confectionery or placing different toppings on fresh pizzas or salads. Around 37% of these robots are in Europe.
17) 35,000 units of Cobots Sold Globally in 2021
Almost 35,000 units of the collaborative robots were sold in 2021 all around the world out of which around 8,500 units (or around 25%) were sold in the USA.
18) Collaborative Robots accounted for 2 % of entire robotics with a market size of $600 million in 2020
Cobots accounted for 2 % of entire robotics in 2020. The Collaborative Robot Market size accounted for USD 609 Mn in 2020 and is predicted to surpass a landmark of around USD 2 Bn in 2030 with a decent CAGR of 15%. The cobots held up to 2% of the entire robotics market in 2020.
The Automotive sector is leading the market by End-User with a share of around 194.9 million in 2020 % & is predicted to reach around 447.8 million by 2027 with a CAGR of nearly 12.3%.
The United States dominated the market with the highest share of around USD 144.9 million in 2020, followed by China (USD 104.3 million)
The healthcare robotics industry will be worth USD 3.29 Bn, growing at a 22.9% CAGR, by 2025.
In 2022, the medical robotics market in Canada, the United States, and Mexico was worth $6,339.07 million.
Surgical robotics accounted for more than 50% of all healthcare robotics in October 2022.
By 2030, the market for healthcare robotics will be worth USD 15,472.48 million.
Full body treatments have accounted for 74% of robotic application usage, followed by upper and lower body.
In 2022, wearable robot businesses, managed almost 43% of healthcare departments in America in which ANGEL Robotics played a significant role.
19) 1.2 million robotic surgeries were completed in United States in 2020.
The Surgical Robots Market accounted for up to USD 4.2 billion in 2020, and is expediting rapidly with a CAGR of nearly 15.77% and will exceed USD 20.98 billion by 2030. There were close to 1.2 million robotic-assisted surgical procedures that were performed in the USA in the year 2020. Over the last 10 years, about 4.5 million robotic procedures have been performed in the U.S across the different surgical specialties. Almost in 67 countries across the globe, more than 7.2 Mn robotic surgeries have been completed in last 10 years.
20) 25,000 units of rehabilitation robots were stationed with a market size of 780 million.
The Rehabilitation Robotics Market accounted for up to USD 780 million in 2021 and is expediting rapidly with a CAGR of nearly 20% and will reach up to USD 2.7 Bn till 2027. 25,000 rehabilitation robots had been installed in 2020.
21) 170,500 hospital robots were positioned in 2020 with a market value of 7.7 billion.
The Hospital Robotics Market valued up to USD 7.7 Bn in 2021 and is accelerating rapidly with a CAGR of around 14% & will reach up to USD 20 Bn by 2028. 170,500 hospital robots had been installed in 2020.
In the United States, the CDC has predicted that1 out of every 25 hospital patients will suffer from a Hospital Acquired Infection, & 1 in every 9 of them will die. These estimations also indicate that these HAIs cost the USA healthcare sector a total of $30 billion yearly. Thus, the implementation of hospital robots will help to cure the HAIs in a shorter span of time as there will be minimal human contact thus resulting in reduced infection levels.
22) 12,000 Exoskeleton robots were installed in 2020 with an industry value of 755 million.
The Wearable Exoskeleton Robotics Market valued up to USD 755Mn in 2021, & is accelerating rapidly with a CAGR of around 22% & will reach a benchmark of USD 3.2 Bn by 2027. 12,000 Exoskeleton robots had been installed in 2020.
As per the 2019 U.S. Chamber of Commerce Commercial Construction Index, around 33% of contractors are expecting to use the wearable technologies by 2022. In 2019, only 6% of the total contractors were using wearable technologies on site. That is considered as a huge jump in just 3 years.
23) Nursing robotics market value is 440 million with 8,500 installed units in 2020.
The Nursing Robotics Market valued up to USD 440Mn in 2021, & is accelerating rapidly with a CAGR of around 20% & will reach a benchmark up to USD 1.5 Bn throughout the estimated time period. 8,500 Nursing robots had been installed in 2020.
The US Bureau of Labor Statistics has announced that the nurses will be the largest labor pool in the United States by 2022, &nearly 1.1 million nursing positions have to be filled by then to avoid any sort of nursing shortage. Additionally, the rate of incidence of work-related musculoskeletal disorders in the nurses is well above average in comparison with the other occupations. Robot-assisted health care has that amount of potential to alleviate the scarcity of nursing by the automation of mundane & routine nursing tasks. Furthermore, the robots in the health care environments can assist with safe patient mobility, and handling and may thereby reduce the likelihood of the various musculoskeletal disorders.
24) North American Life Science Companies ordered 69% more robots in 2020.
The majority of the robots that are used currently by the pharmaceutical industries all across the globe are limited to sorting, dispensing, light machine-tending, kit assembly, and packaging. Personalized medicine is one of the most crucial and high-demand areas where the use of robotics is expected to increase rapidly for making it viable. The overall pharmaceutical robotic systems market is anticipated to flourish from USD 105.69 million in 2020 to USD 365.17 million by 2030, at a robust CAGR of around 13.27%.
Today, the dignity of automation is found throughout the pharmaceutical sector. Robots are used widely across the globe to replace manual and repetitive tasks in the lab, such as mixing and pipetting. Pharmacy automation is such a remarkable technique that it can perform the work of human pharmacists ranging from reading the prescriptions to dispensing accurate medications with negligible errors. The total number of orders for robots from the North American life sciences companies surged up to 69% in 2020, which is around 4% increase as compared to that of 2019, according to the RIA (Robotic Industries Association).
25) SCARA Robots Market Scenario.
The SCARA robot is used widely across the pharmaceutical companies across the globe for assembly or pick-and-place operations where high accuracy & speed is required. Generally, a SCARA robot has the capability to operate at a much higher speed & with optional cleanroom specifications. The overall market size for SCARA robots is projected to grow from nearly 7.73 Bn U.S. dollars in 2020 to 19.73 billion U.S. dollars in 2030 with a CAGR value of nearly 9.87%.
In the case of pick & place robots, the throughput rate can often reach up to 200 products per minute, while the vision systems can identify at a rate of 100 products/second on a moving conveyor. Additionally, the placement errors can be as little as 0mm in a properly integrated system.
In the case of high-speed picking, part-transfer, collating, sorting & inspection, and singulation, the robotic capacity exists from a range of 2kg payload capacity to 10kg with cycle times which is as high as 150 pick cycles/minute. The pick-&-place robot models inculcate serial-linked articulated arms with around 5- or 6-degrees of freedom, SCARA style 4-degree of freedom arm, and delta-style parallel arms with 4 degrees of freedom. In terms of speed, nothing can beat the efficiency of Delta Robots (MPP3H, MPP3s), thus speeding up to a benchmark of 4 pick cycles per second. If an individual place four of them into a row over a conveyor belt, integrated with MotoSight 2D Camera & MotoPick Software, then one can achieve pick rates in the range of (600 to 800) parts/minute per picking line.
26) There were 1,298 robots per 10k workers in Automotive
The Automotive sector held the highest portion of market share of around 8.8 billion (i.e., almost 32%, with a CAGR of 8.4 %), followed by Electronics & Electrical (5.8 billion or 21%, with a CAGR of 11.4 %), Metals & Machining (4.1 billion or 15%, with a CAGR of 11.8 %), Food & Beverages (2.8 billion or 10% with a CAGR of 13.1 %), & Others (6.1 billion or 22% with a CAGR of 13.5 %). In 2021, there were 1,298 robots per 10k workers in the automotive sector.
27) 75% vehicles will be manufactured through Robotics by 2025
In the automotive industry, Robots are used to perform a variety of tasks such as moving materials, inspecting parts, & spraying paint onto vehicles, which allows the people to complete more specialized tasks accurately. By 2025, it is anticipated by experts that as much as 75% of vehicles all across the globe will be manufactured on robotic production lines. The Global Automotive Robotics Market’s size was valued almost at USD 7.96 billion in 2020, & is projected to reach a landmark of USD 22.14 billion by 2030, registering a CAGR of 10.77% from 2020 to 2030.
ABB announced that its smart factory takes as little as 46 seconds to accumulate the various parts of a vehicle at the body-in-white workshop, all with the help of advanced Robotics.
28) 10,510 automotive robots were introduced in 2020
In 2020, the Automotive Industry successfully installed 10,510 robotic units and the electronics Industry installed 3,735 robotic units.
29) There were 138,700 automated guided vehicle (AGV) units in the world in 2019
The overall size of the Automated Guided Vehicle Market size was around 4.14 billion in 2021 & is predicted to foster up to USD 9.71 billion by 2030 with a CAGR of nearly 8.94% from 2022 to 2030.
In 2019, there were over 138,700 automated guided vehicle (AGV) units in the world with around 41,000 deployed in China.
Globally, the total sales of forklift trucks were around1,384340 units in 2020. The Industrial Truck Association (ITA) announced that more than a quarter-million forklift trucks were sold in North America in 2018, which was a 2.8 percent increase as compared to 2017-unit sales. Moreover, it has also stated that electric forklift constitutes up to 64% of the North American lift truck market. Less than 2 % of forklifts sold in North America in 2020 were automated.
30) Each year, around 400,000 new industrial robots arrive at the market.
Each year, about 400,000 new industrial robots arrive at the market. The total number of new robots varies every year. For example, around 422,000 new robotic units were introduced in 2018, as compared to 373,000 industrial robots in 2019.
31) Asia-pacific accounted for 49.5 % market share in industrial robotics industry
The Asia-Pacific comprehensively held the most significant share throughout the prevised time frame with almost 49.5% of the industrial robotics market (i.e., around USD 13.6 billion, with a CAGR of 13.5 %), followed by Europe (around 23% or USD 6.3 billion, with a CAGR of 9.4%), North America (around 20.9% or 5.7 billion, with a CAGR of 7.2 %), & LAMEA (around 6.6% or USD 1.8 billion, with a CAGR of 10.0 %). China led the industrial robotics with 48.3 % market share.
32) Germany spearheaded the European industrial robotics market
In the European region, Germany held the most dominant position in the market with a share of 1.6 Bn or 25% with a CAGR value of 9.4%, followed by France (1.4 Bn or 21.4% with a CAGR value of 9.1%), UK (1.2 Bn or 18.9% with a CAGR value of 8.7%), Russian Federation (0.5 Bn or 8.6% with a CAGR value of 8.1%) and the Rest of Europe (1.6 Bn or 26.1% with a CAGR value of 10.6%).
Germany accounts for around 33% of Europe's robot inventory. This literally means that the factories in Deutschland have around 3 times as many industrial robots in use as in Italy (around 78,200 units), around 5 times as many as in France (nearly 44,800 units) or 10 times as many as there are in the UK (approximately 23,000 units). In a global comparison, Germany ranks fifth in the list after China, Japan, Korea & the U.S. This also applies to the annual sales figures in 2020.
33) United States dominated the North America industrial robotics industry
In the North American region, USA held the market leader’s position in 2020 with a revenue of around 4.9 Bn or 85.3% of the entire share with a decent CAGR of around 7.1% followed by Canada (0.5 Bn or 8.5%, with a CAGR of 7.7%), and Mexico (0.4 Bn or 6.6% with a CAGR of 8.2%). In USA, there is an average of 230 robotic units out of every 10,000 employees.
The US businesses placed orders for 9,169 units robots for USD 598 Mn in the first quarter of 2023, a 10% decline from the same period in 2022.
Companies in North America ordered nearly 44,196 robots worth USD 2.38 Bn in 2022, up 11% & 18% from the previous year.
In the first nine months, American industries purchased 35,804 robots, and in the fourth quarter of 2022, 8,392 robots were purchased.
In 2022, robotics orders in North America increased by 24%.
By the end of 2022, up to 43,000 robotic units were installed in the United States.
By 2032, the market for electronic & electrical industrial robots in the US will grow by 11.8% & will reach USD5,855.9 Mn.
A total of 44,196 robots were ordered by American businesses in 2022, an increase of 11% over the previous year.
34) USA government approved $5 billion to spend on military robotics.
Global spending on military robotics will reach USD 16.6 Bn by fourth quarter of 2025.
The Military Robotics Market was valued at 17.2 Bn in 2021 and it’s forecasted to touch a benchmark of 35 Bn in 2030 with a decent CAGR of 7.5%.
In 2021, the US government spent over $5 Billion on military robotics. The Department at present operates more than 11,000 UAS (Unmanned Aircraft Systems) in support of the various domestic training events & overseas contingency missions.
35) 10 million units of robotic vacuum cleaners were delivered globally
The Cleaning Robotics Market is valued at up to USD 5.2 Bn in 2021, & is accelerating rapidly with a CAGR of around 13% & will reach a benchmark of up to USD 12 Bn throughout the estimated time period. In 2021, the robotic vacuum cleaner shipment amounted to over 10 million units.
It was estimated around 14.2 million households in the USA had robotic vacuum cleaners in 2018, which was an increase of nearly 1.2 million as compared to the previous year. iRobot is regarded as the market leader in North America with a share of more than 80 % of the entire US market.
36) 200,000 units of agricultural robots were delivered in 2020
The Agricultural Robotics Market was valued up to USD 4.9 Bn in 2021, & is accelerating rapidly with a CAGR of around 19% & will reach a benchmark of USD 10.5 Bn throughout the estimated time period. Shipments of agricultural robots exceeded 200,000 units in the year 2020.
The major function of the agricultural robot is weeding. The ROI benefits are widely driven by labour savings, boosted yields, chemical savings, & less soil compaction. Precision action (mechanical, spraying, or electrical) reduces the consumption of agrochemicals by almost 90%, & boosts yield by preventing the herbicide-induced collateral damage risk, by (5-10) %. This technology can further enable the farmers to get rid of the herbicide-resistant weeds & leaving no unusable compacted soil behind.
Self-Driving Farm Robot uses lasers to vandalize around 100,000 weeds per hour thus saving the land & farmers from the harmful effect of toxic herbicides.
By 2024, the agricultural drone market will be worth USD 6.2 Bn.
37) AI Robots – A New Way of Automation
AI-based robots are widely used for Vision & Imaging, Grasping & Manipulation, Machine Learning Applications, & Customer Services. The AI Robots market is expected to foster from $6.83 billion in 2020 and it is burgeoning at a CAGR of 39.12 %during the forecasted period.
At present, approximately 2,000 AI-powered robots have been deployed all across the globe.
91% of all the leading businesses have ongoing investments in the field of artificial intelligence. 61% of all the employees say that AI helps to improvise their work productivity to a great extent. 62 % of all the consumers are willing to submit their data to AI to have some better experiences with the businesses.
38) Self-Healing Robots – A New Era in Robotics.
The Self-Healing Robots market is expected to foster from USD 150Mn in 2020 and it is expected to progress rapidly at a CAGR of over 17% till 2030. Self-healing robots are made up of polymers or soft materials. These robots feature self-healing capabilities, and muscle-mimicking, thus allowing them to not only mend themselves but also give a greater range of adaptability and flexibility in a wide range of situations.
The usage of autonomous self-healing polymers for the purpose of the development of soft robotic systems eliminates the requirement of extra heating equipment. On the other hand, healing requires time. The application of the self-healing robots showed that after three days, seven days, & fourteen days, the healing efficiencies were 62 %, 91 %, and 97 %, respectively.
CONCLUSION
The robotics industry statistics confirm that the presence of robots in every industry brings a significant improvement in production, cost optimization, and revenue growth. Major companies in Japan, China, and United States are using robotics as a core part of their manufacturing facility thereby boosting the economy. The other countries have also started to implement highly advanced robotic technologies to enrich their business growth. With the comprehensive coverage of all the Robotics Segment, we hope that we have delivered high-level insights which will help you in making pertinent decisions thereby impacting your $ value positively.
Frequently Asked Questions -
1. How many industrial robots are in use today?
2. What percent of robots work in factories?
3. How many robots are there in the world in 2023?
4. How many robots are made each year?
The annual production of robots ranges from 370,000 to 517,000 units.
5. What is the total number of industrial robots installed annually?
0.28 million industrial robots are deployed annually, and over 60% of these are deployed in China or the United States.
6. Which country uses robots the most?
China and the United States have the highest adoption of robots. Together, these two countries hold 60% of the global active robots.
7. Which country has highest robot density?
South Korea, Singapore, and Germany have the highest robot density, followed by Japan.
Sources –
SMR IFR ABB Crunchbase
AI Multiple MIT CDC McKinsey & Company
Yasakawa BLS RIA US Chamber of Commerce
Statista IDC ITA Interact Analysis
Analytics Steps Forbes ABI Research DOD
Technology Review Hannover Messe