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In 2023, there were around **** million units of service robotics worldwide, increasing by over *** thousand units compared to the previous year. In the same year, there were also around *** thousand industrial robots globally. Although the volume of robotics is predicted to gradually increase globally over the next few years, the volume of service robotics is projected to increase at a higher rate than that of industrial robotics.
While industrial robots and manufacturing robots are the most frequently cited examples of automation, it is in the service robot industry that the greatest value to the robotics industry is being generated. Service robots account for more than thrice the value of the industrial robot market in 2023, with the industrial robot market having stagnated somewhat since 2020.
The growth of industrial robots in Europe has been meteoric in 2023 compared to 2022. Between 2020 and 2022, the revenue in the robotics market declined by ****, then ****, and then just over * percent. In 2023, however, it jumped over *** percent, making up for nearly half the revenue change loss of the two preceding years.
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