Do you know the projected market for industrial robots?

The global market projected for robotics and drones in 2019 are 103.4 billion US dollars and 12.3 billion US dollars as surveyed by the IDC. In 2020, the global market for robotics and drones surveyed were 112.4 US billion dollars and 16.3 billion US dollars.

As per BCG & IFR, the projected demands for advanced robotics in the manufacturing world in 2020 was 2.6 billion US dollars and in 2021, it was 3.7 billion US dollars. The estimated global installations as forecasted by Statista in 2021 is 522 thousand units and in 2022 it was 584 thousand units. The survey also shows that the installations of industrial robots is quite high in Asia/Australia as compare to America in the year 2020, 2021 and 2022. In 2020, it was 320 thousand units installed, 2021 it was 368 thousand units and in 2022 it was 420 thousand units.

In my opinion, the installation of industrial robots shows the market worth to be of high values and the projected market holds a significant worth. The robots and drones holds a value of US billion dollar, and as we see new Marvel films, the use of drones in various ways to get an insight of a situation where human penetration is not possible due to the change of reality, we actually see how far drones can be used and in a powerful way. The use of drones is beneficial for humanitarian values and the efforts for a better navigation of drones in different places with situations designed with various obstacles or hurdles.

Source:- Statista (Industrial Robots)

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