The robotics industry designs, builds and sells robots for industrial, commercial and other use, drawing on the interdisciplinary field of robotics. Industrial robots are concentrated heavily in automotive manufacturing and other large scale production sectors. The industry was valued at about 45 billion US dollars in 2020 and was projected to grow at a compound annual rate of about 29 percent to reach roughly 568 billion dollars by 2030, growth that has also brought sustained attention to its effects on manufacturing employment.
Facts
FAQs
How is the adoption of robots in an industry measured?
Robot density counts operational industrial robots relative to the number of employees.
A common measure is robot density, which is the number of operational industrial robots relative to the number of employees. The International Federation of Robotics publishes it for manufacturing, for example as units per 10,000 employees, so countries and regions of different sizes can be compared on the same scale.
Connections
Companies In Industry
In Sector
Additional Source Wikipedia: Global Industry Classification StandardGICS: Machinery
Sources
1. Wikipedia, Robotics
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Robotics is the interdisciplinary study and practice of the design, construction, operation, and use of robots.
Wikidata: Robotics
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Robotics
Wikidata: ABB
Wikipedia: Global Industry Classification Standard
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