Bloomberg: “Robots Catch up with People Job Race”

The robotization process has already covered most industries in both developed and developing countries. But the main thing is yet to come: a leap will occur when robots become cheaper.

Industrial robots are becoming increasingly popular. According to Bloomberg, the sector recovered after falling during the global financial crisis and continues to grow rapidly.

One of the reasons for automation is the desire to reduce the costs of workers’ payments. Robotization in poor regions is sometimes faster than in rich regions now. For example, in North America, second place after the United States in terms of the robotics market volume is occupied not by Canada, but by Mexico with almost 10 times lower level of salaries.

Robots supply increases in most industries: the food industry, pharmaceuticals, medicine, and consumer goods. The trend is likely to continue in the future because robots are becoming cheaper. About 20 years ago, the cost of an industrial machine exceeded $80,000. Today it is near $50,000. It is due to technology improvement, including sensors, software, and deep machine learning algorithms.

China no doubts remains the largest market for industrial robotics. The volume of local deliveries of the last year amounted to 154,000 robots – this is more than in Europe and America. At the same time, the market not saturated: China is inferior to Singapore, Korea, Germany, and Japan in the number of robots per 1000 workers-people.

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