The global market value of both conventional and advanced robotics in manufacturing is forecast to grow between 2018 and 2021. In 2021, the market value of conventional robots used in manufacturing is expected to reach almost 15 billion U.S. dollars, while the value of advanced robotics should reach some 3.7 billion U.S. dollars.
Global market value of conventional and advanced robotics in manufacturing between 2018 and 2021
(in billion U.S. dollars)
* Forecast.
** Figures for conventional robots were calculated by Statista by deducting advanced robotics from the total market.
Conventional robots are programmed to carry out specific actions, thus following a rather rigid set of instructions and not acting autonomously. Advanced robots, in contrast, are aware of their environment and react to it, making autonomous decisions about what actions to perform.
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Statista. (February 1, 2021). Global market value of conventional and advanced robotics in manufacturing between 2018 and 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199865/global-market-value-robotics-manufacturing/
Statista. "Global market value of conventional and advanced robotics in manufacturing between 2018 and 2021 (in billion U.S. dollars)." Chart. February 1, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199865/global-market-value-robotics-manufacturing/
Statista. (2021). Global market value of conventional and advanced robotics in manufacturing between 2018 and 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199865/global-market-value-robotics-manufacturing/
Statista. "Global Market Value of Conventional and Advanced Robotics in Manufacturing between 2018 and 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Feb 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199865/global-market-value-robotics-manufacturing/
Statista, Global market value of conventional and advanced robotics in manufacturing between 2018 and 2021 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199865/global-market-value-robotics-manufacturing/ (last visited November 10, 2024)
Global market value of conventional and advanced robotics in manufacturing between 2018 and 2021 (in billion U.S. dollars) [Graph], Statista, February 1, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199865/global-market-value-robotics-manufacturing/
