Industrial robots in South Korea - statistics and facts

What is Industry 4.0?

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?

As an integral part of the next industrial revolution, the robot industry has become a focus point for the future of many sectors. In the manufacturing sector, industrial robots are expected to be in high demand in the Asia Pacific region. This interest is not only limited to purchasing industrial robots. Many of the major Asian electronics and motor vehicle companies are also actively researching and actively developing robot patents. South Korea was relatively new in entering the robotics market from an OEM (Original Equipment Manufacturer) perspective, with most of the leading companies being less than a decade old in terms of establishment. Nevertheless, both the public and private sector in South Korea were pulling in the same direction, and the government presented an ambitious plan to help the establishment of smart factories in the future.

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.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.