The global robotics industry is now worth more than US$100 billion. But that figure is set to double by 2025.
- The stock of industrial robots operating in industries around the world today is the highest it’s ever been — 12 million robotic units worldwide in 2020
- Robotics were on the rise, but the pandemic has shifted things up a gear as businesses realize the increased value in automation
It’s been exactly 100 years since the word ‘robot’ was coined by a Czech playwright — the word meant ‘forced labor’.
Fast forward a century later, advances in sensors, speech recognition, and computer vision — combined with shrinking hardware costs — have made these fictional beings, real machines. Even in the last few decades, robots have quietly accelerated largely from the confines of sci-fi fantasy to viable real-world deployment.