Over 10% of South Korea's workforce is now robotic, survey finds
Published On Nov 22, 2024, 11:43 PM
A recent survey by the International Federation of Robotics found that over 10% of South Korea's workforce is now comprised of robots. The country leads globally in robot density, with 1,012 robots for every 10,000 employees, reflecting a 5% annual increase in adoption since 2018. As robotic automation continues to grow, it significantly outpaces other countries such as Singapore and China, which have 770 and 470 robots per 10,000 employees, respectively. This trend indicates a broader global shift towards increased automation in manufacturing and other sectors.
Stock Forecasts
NVDA
Positive
The growing adoption of robotics, particularly in manufacturing, signifies an expanding market for companies involved in automation and robotics technology. Given South Korea's leadership in this field, companies like NVIDIA, which supplies key components for AI and robotic systems, are likely to benefit from this trend as demand for automation solutions increases.
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