Proof Point
Adoption of industrial robots forecasted to increase by 13% annually from 2017 to 2021, reaching 630,000 units
Worldwide Sale of Industrial Robots
2004 – 2021F (thousand of units)
Proof Point Findings
- Industrial Robot Sales – Defined as hardware purchases for industrial purposes, specifically production, not including cost of software, peripherals and systems engineering
- Annual Worldwide Sales – Forecasted to reach more than 600,000 by 2021, increasing 13% annually from 381,000 units in 2017
- Future Robot Applications – Robots expected to play crucial roles in factories worldwide, especially with its evolving applications due to advancing technologies in machine learning and artificial intelligence
- Negative Effects of 2009 Recession – Robot sales dipped in 2009 as industry's primary customer, automotive manufacturers, were severely affected by the recession, leading them to temporarily suspend investment in robot systems
- Key Growth Drivers – Growth expected to remain strong on back of continued automotive industry recovery, and expansion of robots to other industries, such as renewable energy technology and food and beverage companies, need for energy-efficient manufacturing, exponential increases in productivity, and flexible production processes
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Accelerator |
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Sector |
Industrial Manufacturing, Information Technology
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Function |
Operations, Manufacturing and Production
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Source |
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Date Last Updated |
January 16, 2019
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