Europe saw 20% year-over-year growth, while Americas saw 22% annual growth. Other regions saw a 7% annual growth. The early numbers for 2018 do not indicate any slow-down.
Overall the manufacturing industry is seeing robust growth and there are no immediate signs of any slowdown in the utilization of robotics technology. We are also seeing an increased utilization of sensor technology to make the processes more adaptive, and the use of collaborative robots opens entirely new markets, while the use of machine learning enables faster systems integration. The integration of new technologies is expected to increase the penetration into new markets.
The sales figures across all regions continue to increase. The normalized sales curves since 1997 are shown below for the regions Asia, US and Europe. Every region has robust growth but it is clear that the biggest growth, in particular since 2009 are in Asia/China.
Europe saw 20% year-over-year growth, while Americas saw 22% annual growth. Other regions saw a 7% annual growth. The early numbers for 2018 do not indicate any slow-down.
Overall the manufacturing industry is seeing robust growth and there are no immediate signs of any slowdown in the utilization of robotics technology. We are also seeing an increased utilization of sensor technology to make the processes more adaptive, and the use of collaborative robots opens entirely new markets, while the use of machine learning enables faster systems integration. The integration of new technologies is expected to increase the penetration into new markets.
Related: iShares Joins Robotics, Artificial Intelligence ETF Party
For more trends in robotics and artificial intelligence, visit the Robotics & AI Channel.