Jul 30, 2018 — For over two centuries philosophers and economists have debated the question of the impact of automation on jobs. The evidence to date points to automation having a positive effect on labour demand. Why is this and how can we ensure the trend continues in the face of rapid advances in robotics and artificial intelligence?
The report shows a new record high of 2.7 million units in robot stock – an increase of 12 percent compared to the previous year. In 2019, global robot installations dropped by 12% to 373,000 units, which is the third highest number recorded. Annual industrial robot installation figures increased by 11 percent over the last six years (2014-2019).
Sales of service robots for professional use have an estimated value of US$11.2 billion in 2019. Logistic systems account for 43 percent of the total sales value. Robots also become more common in public environments. Turnover grew by 42% in 2019. The new social distancing paradigm and Covid-19 related travel restrictions provide excellent growth opportunities for these applications.