The Knowledge to Decide

The Korean robotics industry grew by 60% a year between 2005 and 2011. Korea has a strong position in industrial robots. Now, the government’s focus should now be on developing service robots to sustain growth. Spire Research and Consulting shared its insights, published on the Business Korea news portal. Korea’s industrial robot sector is larger than any country’s, except for Japan, China and the U.S. However, the service robot sector is emerging as a new growth hotbed, thanks to the accelerated use of artificial intelligence. However, Korea does not have any companies that specialize in the development of service robots. It will take time to further develop Korea’s service robotics technology which is where the government and Korean enterprises need to step in and focus so as to claim early global leadership. https://www.spireresearch.com/newsroom/media/korea-needs-to-focus-on-developing-service-robots/

As Korea races to lead the global robotics industry, the Korean robotics market continues to grow at an annual average of 22% a year. Is Korea ready to rub shoulders with global players? Spire Research and Consulting shared its insights, published on the Korea IT Times news portal. The global industrial robot market is expected to grow to USD40 billion by 2020, at an average annual growth rate of 5.2% from 2014. However, Korea’s robot manufacturing market is expected to grow much faster, by 21.5% a year, to reach USD19.4 billion by 2020. Interestingly, Korea’s first humanoid robot – HUBO – developed by the Korea Advanced Institute of Science and Technology (KAIST) recently won the 2015 DARPA Robotics Challenge, beating tough competitors from Hong Kong, Italy, Germany, Japan and the U.S. This prestigious competition is funded by the U.S. Defence Advanced Research Projects Agency (DARPA). The competition aims to develop semi-autonomous (ground) robots that can work under risk-p