A new report by the International Federation of Robotics (IFR) says that the sales value of professional service robots increased by 32% to US$11.2 billion worldwide between 2018-2019.
The IFR also suggests that the Covid-19 pandemic could further boost the market due to demand for robotic disinfection solutions, logistics solutions in factories and warehouses and robots for home delivery.
‘The investment in service robots for logistics in manufacturing processes is amortized rapidly,’ said IFR president Milton Guerry. ‘Assuming 24 hour operation, the investment in service robots for logistics may be repaid within 2-3 years and often much quicker. Given a 15 year lifetime, operating costs are around 5% of the annual investment.’
This story uses material from the IFR, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
