IEKView：Technological Evolution and Emerging Applications Paint a Bright Outlook for Industrial Robots
- Machine Tool, Industrial Machinery and Key Component, Smart manufacturing, automation and robotics, High Technology Equipment and Advance Manufacturing Process
Given the advancement of new technologies and new products, the Industrial IoT (IIoT) is set for long-term development. The plethora of production facilities and production management systems at factories are being connected and optimized, to enable mass production with bespoke designs. The industrial robot industry has seen the number of players mushrooming over recent years. The global installation of articulated robots exceeded 300,000 units in 2017. The International Federation of Robotics (IFR) forecasts the worldwide number of installed articulated robots will grow at a double-digit CAGR in 2016-2020.
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