10 Industrial and Service Robotics Trends in the IFR’s World Robotics 2021 Report Photo Robotics 24/7

The International Federation of Robotics has released its annual report on global robotics shipments from 2020, and it expects strong growth to continue despite the pandemic.

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South Korea weathers the storm

The Republic of Korea was the fourth-largest robot market in terms of annual installations, following Japan, China, and the U.S. Installations decreased by 7% to 30,506 units in 2020, but the operational stock increased by 6% to 342,983 robots.

South Korea’s exports have helped the country during the pandemic, said the IFR. Last year, its GDP declined by just 1%, and projections expect growth of 4% for 2021 and 3% for 2022.

The electronics and semiconductor industries are investing particularly heavily in automation, the IFR said. The Korean government has also launched a program in May 2021 to further boost investment in machinery and equipment.

The demand for robots from both the electronics and automotive industries could grow by 11% in 2021 and by 8% annually on average in following two years, said the IFR.

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