Industry 4.0 is used to describe the adaptation of future technologies such as Internet of Things (IoT), Artificial Intelligence (AI), and 5G connectivity in production facilities. The rapid communication between smart machinery will enable factories to have a fluid and responsive manufacturing system that can optimize itself in real-time. Ideally, the integration of Industry 4.0 leads to the next step in efficiency for manufacturing operations.
How is the robot industry developing in South Korea?
How has COVID-19 impacted the South Korean robot industry?
Due to the outbreak of COVID-19 in South Korea, social distancing measures have become the new normal, and constant vigilance is required in everyday life and in the workplace. Robots can provide a safe and efficient way to continuing business operations during such unprecedented times. The pandemic has inadvertently shed more light on the potential the robot industry has, and South Korea aims to be a major player in the market going forward.
What does the future hold for the robot industry in South Korea?
Overall, the South Korean robot industry remains comparatively small and new compared to major players like Japan and the U.S. However, the South Korean government’s investment in the robot industry and cooperation with local robot manufacturers indicate that locally manufactured South Korean robots may become more prevalent in the years to come. How stakeholders and policy makers react to opportunities and challenges will be crucial to the successful establishment of South Korea’s robot industry.
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In the following 5 chapters, you will quickly find the 27 most important statistics relating to "Industrial robots in South Korea".