The International Federation of Robotics (IFR) expects new installations of industrial robots to reach 200,000 units in 2014, and grow 12 percent annually between 2015 and 2017. That would boost the world’s industrial robot population to more than 2 million in 2017.
In 2013, the latest year for which the organization has complete data, sales of industrial robots rose 12 percent, to 178,132 units worth $9.5 billion.
IFR’s data comes from projections of its members, the world’s top robot manufacturers. The data include robots, but not peripherals (grippers, welders, cameras, and the like), software, and systems engineering. Those installed costs, typically three to four times the cost of the robot, would bring the total market to $29 billion in 2013.