The International Federation of Robotics (IFR) recently released a report saying that the global robot market will return to moderate growth in 2020, according to the National Bureau of Statistics data shows: China’s MVI69L-MBTCP industrial robot output has experienced 13 months of negative growth since September 2018, and in October 2019, the monthly output growth rate of domestic industrial robots returned to positive, and in 2020, emerging industries boosted the recovery of robots.

◆ Industrial robot output growth turned positive

The report analyzes the global industrial robot market, with some of the well-known market players including Motoman Yaskawa Robotics, Kawasaki Heavy Industries, Denso Corporation, Toshiba Machinery Co., LTD., fanuc Robotics, and kuka Robotics. By 2027, the global market for industrial robots is expected to reach $297 billion. From 2019 to 2027, the CAGR of this market is likely to be about 9%.

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According to the “2020-2024 China Collaborative robot Industry in-depth research and Investment prospects Forecast Report” released by the CIC Industrial Research Institute, it is expected that in the next few years, with the progress of technology and the decline of product prices, the acceptance of domestic collaborative robots will be further improved, and the manufacturers that truly achieve mass production MVI69L-MBTCP applications will increase year by year, and the market competition is becoming increasingly fierce. The sales volume and market scale of collaborative robots will be further expanded, and it is expected that by 2021, the sales volume will reach 18,500 units, and the market scale will exceed 2.45 billion yuan.

◆ Service robot market performance stands out

According to the application environment of robots, the International Federation of Robotics (IFR) divides robots into industrial robots and service robots. Among them, service robots are various advanced robots in addition to industrial robots, used in non-manufacturing industries and serving humans, and service robots are classified into special service robots and personal/home service robots. In 2019, global service robots achieved sales revenue of $16.9 billion, of which special service robots achieved sales revenue of $11.2 billion and personal/home service robots achieved sales revenue of $5.7 billion.

With the continuous development of artificial intelligence and Internet of Things technology, technology upgrading and cost reduction, the application field of professional service robots is also expanding, and sales have also increased significantly. From 2010 to 2019, the global sales of dedicated service robots increased year by year, from 15,000 units in 2010 to 173,000 units in 2019, which is a very rapid growth. It is estimated that the sales of special service robots will further rise to 240,000 units in 2020.