Investment in robotics continues to grow at an accelerated pace, according to news that has been published, investments in robotics have reached $12 trillion in 2023, an increase of 17% compared to the previous year. This growth is due to a number of factors, including the growing demand for automation in the manufacturing, logistics and service industries, technological advances in the field of robotics and the availability of new sources of financing.

And they are the most developed countries in which the most investment is made, especially in the USA and China. Chinese companies no longer sell cheap products due to low wages, but rather due to the strong automation of their industrial processes.

The manufacturing industry is the main driver of investment in robotics. Manufacturing companies are increasingly adopting robots to automate their production processes, allowing them to improve efficiency, productivity and quality. In 2023, the manufacturing industry accounted for 60% of total investment in robotics.

Logistics is another industry that is betting a lot on robotics. Robots are increasingly used to automate storage, picking and transportation tasks. In 2023, logistics represented 20% of total robotics investment.

Services are also beginning to adopt robotics. Robots are increasingly being used to automate tasks such as customer service, cleaning and security. In 2023, services accounted for 20% of total robotics investment.

Technological advances are driving investment in robotics. New developments in the field of artificial intelligence, machine vision and collaborative robotics are making robots smarter, more precise and safer. This is making robots more attractive to companies, which can use them to perform complex and dangerous tasks that were previously performed by humans.

And as financial companies see an expanding business, they generate new sources of financing in this field. Venture capital funds are increasingly interested in investing in robotics companies, which is providing these companies with the capital needed to develop new technologies and expand their businesses.

The outlook for investment in robotics is positive in the future. Investment is expected to continue growing at a strong pace in the coming years, as automation (now aided by AI) continues unstoppable around the world.

But we cannot forget that every face bears its cross. Robotics displaces many people from their jobs, and people have to be willing to adapt to new work circumstances. Something that is said very easily, but the reality for some can be quite difficult.

By Amador Palacios

Reflections of Amador Palacios on topics of Social and Technological News; other opinions different from mine are welcome

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