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TechnologyAnnual Investments in Robots Rose to World Record $16.5 Billion

17:45  18 september  2019
17:45  18 september  2019 Source:   msn.com

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Robot shipments are expected to jump 39% from 2018 to 2022 from a record annual sales level of $ 16 . 5 billion last year, according to the World Robotics China’s investment in robots reached .4 billion last year. “We saw a dynamic performance in 2018 with a new sales record , even as the main

Robot shipments are expected to jump 39% from 2018 to 2022 from a record annual sales level of $ 16 . 5 billion last year, according to the World In this Wednesday, Sept. 11, 2019, photo, a man checks on the robotic arms at a factory making industrial robots in Zhengyu town of Haimen city in

(Bloomberg) -- Robot shipments are expected to jump 39% from 2018 to 2022 from a record annual sales level of $16.5 billion last year, according to the World Robotics report.

More than a third of global installations were in China and the top five countries hold 74% of the market. Japan, Korea, U.S and Germany round out this group. China’s investment in robots reached $5.4 billion last year.

“We saw a dynamic performance in 2018 with a new sales record, even as the main customers for robots – the automotive and electrical-electronics industry – had a difficult year,” says Junji Tsuda, President of the International Federation of Robotics. “The US-China trade conflict imposes uncertainty to the global economy – customers tend to postpone investments.”

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The new World Robotics report shows an annual global sales value of 16 . 5 billion USD in 2018 – a new record . Installations rose to about 43,500 units in 2018. The annual global sales value of 16 . 5 billion USD in 2018 is a projection based on market values reported by various national robotics

China’s investment in robots reached .4 billion last year. (Bloomberg) -- Robot shipments are expected to jump 39% from 2018 to 2022 from a record annual sales level of $ 16 . 5 billion last year, according to the World Robotics report.

Annual Investments in Robots Rose to World Record $16.5 Billion© Bloomberg Rise of the Robots

More than 420,000 robots were installed last year and that figure is expected to jump to 584,000 by 2022. In 2013, the number of robots in place was 178,000.

In terms of robot density, or number of robots per 10,000 manufacturing employees, Singapore and Korea hold a considerable lead in highly-automated industrial production.

Annual Investments in Robots Rose to World Record $16.5 Billion© Bloomberg Man vs Machine

Note: The 2018 total annual global robot sales value of $16.5 billion excludes software.

To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net

To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net, Chris Middleton

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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