Robots are playing wide and dynamic role in our daily life. It feels like science mechanism is come to be a reality. Robots are gradually coming closer to us as good technology existences to manage the functions of their home. As technology becomes a lot of advancing, it's clear that the world is changing and there's a good possibility that robots will be working in ordinary people's homes within the next decade or so.

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The World Robotics 2021 Industrial Robots report shows a record of 3 million industrial robots operating in factories around the world – an increase of 10%. Sales of new robots grew slightly at 0.5% despite the global pandemic, with 384,000 units shipped globally in 2020. This trend was dominated by the positive market developments in China, compensating the contractions of other markets. This is the third most successful year in history for the robotics industry, following 2018 and 2017.

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Global robot installations are expected to rebound strongly and grow by 13% to 435,000 units in 2021, thus exceeding the record level achieved in 2018,” reports Milton Guerry, President of the International Federation of Robotics.. “Installations in North America are expected to increase by 17% to almost 43,000 units. Installations in Europe are expected to grow by 8% to almost 73,000 units. Robot installations in Asia are expected to exceed the 300,000-unit mark and add 15% to the previous year’s result. Almost all Southeast Asian markets are expected to grow by double-digit rates in 2021.

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Indian Industrial Robotics market is estimated to grow at 13.3% CAGR from 2019-2024.

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India is one of the strongest growing economies among the emerging markets in Asia,” says Junji Tsuda, President of the International Federation of Robotics. 

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Regarding annual installations, India now ranks eleventh in the global annual supply – three places higher compared to the previous year and ahead of Singapore, Canada and Thailand.