Investment in robotics is a growing trend within the United States and other parts of the world. It’s clear that these little, and huge metal men, are going to become a huge factor in the future of industrialism and everyday life.
The big question is, which country is at the forefront of robotics, and what does it mean? Well, according to a report from Redwood Software and the Center for Economic and Business Research (CEBR), the United States is the leader in the investment of robotic automation.
CEBR from its own assessment believes the U.S. robotics stock sits at around $732 billion, which is greater than that of Switzerland’s economy. That’s quite impressive, which leaves us to wonder how much further can the country go when robotics take off in a big way.
U.S. robotic investment over the years
The United States investment in robotics hit a record high in 2015 when the country poured $86 billion into the industry. That’s an improvement over the $40 billion invested back in 2009. U.S. assets in robotics grew by 30 percent between 2011 and 2015, a sure sign of what’s to come.
The report went on to claim the United States is leading the world in its use of robotics where the industrial sector is concerned. With this in mind, it’s safe to say the country is well on its way to becoming the main driver of robotic investment and use.
Then again, there’s always China, but the document did not mention the country. However, Japan was mentioned, and it shows a country that was once the leader in the robot world but has since fallen behind.
“The U.S. industrial sector is leading the world in its use of robotics right across its operations,” said Dennis Walsh, President, Americas and Asia-Pacific at Redwood Software, which sponsored the study.“ We increasingly see corporations apply the value of robotics not only in their assembly line but also in areas such as supply chain and finance departments.”
Will robots steal your jobs?
This has been a huge fear for workers in the past, and it continues to this day. In all honesty, workers have reasons to fear as companies stand to gain by replacing human workers with robots in areas that make sense.
David Whitaker, Managing Economist at CEBR, believes robots are a complement to human labor rather than a job risk. He expects ordinary tasks to become automatic with robots at the helm, while humans will take whatever is left. For example, creativity and jobs that require thinking could eventually become the primary types of jobs in the workforce.
While robots are impressive and could become the key to new growth for the United States, the country should never rely too much on automation.
The full report, titled, The Impact of Robotics, can be found here.