Global robotics market expands

Grand View Research predicts that global robotics market to reach 40 billion by 2020, reports Reuters. The Chinese robot market reaches $ 9.5 billion per year. If appropriate software, peripherals and engineering services are included in this segment, then this amount will reach $ 29 billion.

China still is on the top in this area. At present, there are only 30 robots per 10 thousand workers (437 in the Republic of Korea, 323 in Japan, 282 in Germany and 152 in the US). On average, there are 62 robots per 10 thousand workers in the world, which is two times more than in China.