Industrial Robot Installations Hit Record Highs as Global Labor Shortages Deepen
AINewsWire Editorial Coverage: The money that has been flowing into AI robotics for the past two years is now producing results that show up in hard numbers rather than slide decks. Industrial robot installations totaled 542,000 units globally in 2024, more than twice the level recorded a decade ago, and the International Federation of Robotics (“IFR”) notes that the market value of those systems reached a record $16.7 billion. As the capital behind this sector matures, the market is starting to draw a sharper line between companies that are still proving out their technology and those that are earning revenue from…