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Around ** units of industrial robots were shipped worldwide in 2020. Asia/Australia was the region with the highest number of units installed; an estimated ** units fitted in 2020 alone. It is projected that by 2024, industrial robot installations in Asia/Australia will reach ** units.
The global market for industrial robots, which was at around ** billion U.S. dollars in 2020, could reach up to some *** billion U.S. dollars by 2027, as more businesses undergo a digital transformation of incorporating technological equipment into the production process. A market for industrial automation software has since developed and is expected to grow to just under 40 billion U.S. dollars by 2024.
This process of digitalization can also be seen in the blending of industrial and service robots’ functions into a new type of robot: collaborative robots. These co-bots, intended to work in close proximity with humans, are projected to become a large market, reaching the size of almost *** billion U.S. dollars by 2026. Collaborative robots are used for actions such as handling material as well as assembling.
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* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
