Robotics is a rapidly growing field that is becoming increasingly important in the modern world. As the technology advances, more and more countries are investing in robotics to improve their manufacturing and industrial processes. India is no exception, and the country has made significant strides in the field of robotics in recent years.
According to the International Federation of Robotics (IFR), India ranks at the 11th position worldwide in terms of annual robot installations. This is a remarkable achievement, considering that India is still a developing country. In terms of total installed robots, India is at the 8th position, with a total of around 14,000 robots.
The Indian government has been taking several steps to promote the use of robotics in the country. It has set up a National Robotics Mission to develop the technology and create a robust ecosystem for the development and use of robots. The government has also set up several incubation centers and research centers to promote the development of robotics.
The Indian robotics industry is estimated to be worth around $4 billion and is expected to grow at a CAGR of around 25% over the next five years. This growth is being driven by the increasing demand for automation in various sectors such as manufacturing, healthcare, agriculture, and logistics.
The increasing demand for robotics in India is also being driven by the country’s rapidly growing population. As the population increases, so does the need for efficient and cost-effective automation solutions. Robotics can help reduce labor costs and increase productivity, making it an attractive option for businesses.
In addition to the government initiatives, the private sector is also playing an important role in the development of robotics in India. Several private companies are investing in the technology and developing innovative solutions for various industries.
Overall, India’s rank in terms of annual robot installations is an impressive achievement and is a testament to the country’s commitment to the development of robotics. With the right investments and policies, India can become a major player in the global robotics industry.