Unlock stock picks and a broker-level newsfeed that powers Wall Street.

13 Most Advanced Countries in Robotics

In This Article:

In this article, we take a look at the 13 most advanced countries in robotics. You can skip our detailed analysis of the robotics industry and go directly to 5 Most Advanced Countries in Robotics

According to Oxford Economics, the number of robots used globally has increased drastically over the past two decades, and the count now stands at a whopping 2.25 million. During this time, companies have increasingly realized the importance of automation to remain competitive in the industry, especially in the manufacturing industry. While the labor sector may feel threatened by these new developments in market trends, automation and the incorporation of robotics is the way forward to increase productivity and efficiency, and minimize the risk of accidents. For example, certain manufacturing jobs can be dangerous if not proceeded meticulously, such as assembling heavy parts and components or handling hazardous chemicals. However, robots can perform these jobs with more precision and efficiency while eliminating the risks of human injury. 

Moreover, robotics and automation are saving a lot of money on wages for businesses. Yes, there is a substantial initial investment required to get the machine up and running, but the ROI is huge. Plus, the maintenance costs of a robot workforce are much lower than the monthly payrolls for a human workforce. Does this mean the human workforce is being pitted against the robotic workforce now? Fortunately, no. Despite jobs being lost in other sectors, more jobs will be created for humans in 60% of the IT services companies. In fact, the forecasts by the World Economic Forum suggest that automation will create 97 million new jobs for humans by 2025.

Automation and robotics will open different windows and unique opportunities for human workers. Moreover, robots can’t improvise; they do what they are programmed to do, which means they can not fully replace humans, as human minds will be needed to supervise them. So, robots may take over some jobs, but they will create plenty more, although these may require different specializations. As a matter of fact, the International Federation of Robotics (IFR) says that robots will work alongside humans rather than replace them in the future. governments and companies are also investing more in research and development (R&D) in the robotics industry and re-training employees to shape a better future.

Outlook of the Robotics Industry

According to the IFR, in 2022, there were 553,052 industrial robots installed in factories around the world. Compared to 517,385 industrial robots installed in 2021, there was a year-on-year growth rate of 5%. IFR has forecasted 600,000 units of industrial robots to be installed worldwide in 2024, with a growth rate of 7%.