India's robot boom hits all-time high
Sales of industrial robots in India reached a new record in 2021 with 4,945 units installed. This is an increase of 54% compared to the previous year with 3,215 units in 2020. In terms of annual installations, India now ranks in 10th position worldwide, reports the International Federation of Robotics (IFR).
“India is one of the world's fastest-growing industrial economies,” says Marina Bill, President of the International Federation of Robotics, in a press release. “Within five years, the operational stock of industrial robots has more than doubled, to reach 33,220 units in 2021. This corresponds to an average annual growth rate of 16% since 2016.”
Today, India is the world’s fifth-largest economy measured by manufacturing output. According to World Bank data, India's manufacturing value added in 2021 was USD 443.9 billion, a 21.6% increase from 2020.
The automotive industry remains the largest customer for the robotics industry in India with a share of 31% in 2021. Installations more than doubled to 1,547 units (+108%). The general industry in India is led by the metal industry with 308 units (-9%), the rubber and plastics industry with 246 units (+27%) and the electrical/electronics industry with 215 units (+98%).
The long-term potential of robotics in India becomes clearer when compared to China: India's robot density in the automotive industry, which is the number of industrial robots per 10,000 employees, reached 148 robots in 2021. China's robot density hit 131 units in 2010 and skyrocketed to 772 units in 2021.
The Indian government supports growth in the industrial sector as one of the vital figures that affect the GDP. Today, the country's GDP of about USD 3 trillion ranks in fifth place, head-to-head with the UK and France – behind Germany, Japan, China and the USA - the International Monetary Fund reports.
