weather_iconAshburn | 9.88 °C | AQI 19
Friday, 11 October, 2024

---Advertisement---

Trending

Are Jobs At Stake With 4.3 Million Robots In Factories? An Insight Into Worldwide Automation Trends

In 2023 over 2022, robot installations in Germany only among top automation countries increased.

installations of robots in factories
installations of robots in factories

Annual installations of robots in factories around the world were more than half a million for the third year running, taking the total stock of robots in use to 4.3 million by the end of 2023, as the International Federation of Robotics, through its latest ‘World Robotics Report’, found. The report further shows that these newly deployed robots are found in more than 70% of them in Asia, while Europe accounts for 17%, and the Americas, mainly the United States, contribute 10%.

Asia Leads Global Robot Deployment

The majority of newly installed robots were in Asia, and though China decreased 5% from its annual installations in 2022, it remained the largest in terms of newly installed industrial robots in the world. The nation accounted for the largest proportion of new worldwide installations. The United States, where efforts to restore manufacturing have been deployed, had a slight decline in installations in 2023 over the previous year, as did Japan and Korea.

---Advertisement---

Automation Trends In Europe

On the other hand, in 2023 over 2022, robot installations in Germany only among top automation countries increased. The two largest European markets, namely Italy and France, declined. Some of the reasons that led to the decrease in investment in automation across Europe included the war in Ukraine, tight monetary policies, and a European automotive industry weaker than its Chinese counterpart, according to the report.

Also Read: Is Cash On Delivery Secret To Faster Food Deliveries? Bengaluru User Spills The Beans

---Advertisement---

Automation Boom In India

Even the largest labor forces in the world have not escaped automation. India reported a phenomenal 59% increase in robot installations in 2023 to an all-time high of 8,510 units. It was led by the automotive industry. According to the IFR, India has nearly doubled its stock of robots since 2018, and according to Marina Bill, President of the IFR: “India is experiencing rapid growth in the Asian emerging markets.”.

HISTORY

Written By

Swechchha Singh


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Ratan Tata Death News LIVE Updates: Nation Bids Adieu, Ratan Tata Cremated With Full State Honors

Oct 10, 2024
Remembering-Ratan-Tata
  • 19:43 (IST) 10 Oct 2024

    US Consul General Reflects On Ratan Tata’s Global Impact

  • 19:40 (IST) 10 Oct 2024

    CII President Pays Tribute To Ratan Tata's Legacy

  • 19:28 (IST) 10 Oct 2024

    Simone Tata Bids Farewell To Ratan Tata

N24 Shorts Logo

SHORTS

Star Candidates in the assembly election results 2024
India

LIVE Haryana, J&K Election Results 2024: Will Star Candidates Bloom Or Gloom? Ravinder Raina Lost Nowshera, Anil Vij Wins Ambala Cantt

Star candidates who otherwise kept grabbing eyeballs have put their fate to the test in the democratic dangal and the decision is to be declared soon in the assembly election results.

View All Shorts

---Advertisement---

Trending