Wednesday 2 July 2008

A13: Human versus Robotic Labour costs


Industrial robots have become adept at cutting, milling, welding, assembling and operating warehouses.

More importantly, the robotic labour costs have fallen sharply (see chart).

There are over 1m worldwide industrial robots.

Most robots are built in Europe and Japan.

Around 50% of industrial robots are deployed in Asia even though labour costs are low.

The confidence is now high that there will be an explosion of service and consumer robots.