4th Industrial Revolution / Industrie 4.0
Robots - Industrial Level Disruption
•China/Foxconn
–2012 Plan: 1 Million robots over the next 3 years
–2016 Reality: Probably closer to 100,000
–May 2016: One Foxconn factory has reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots
•Automotive industry is the biggest market (43%, 2014)
•Korea
–the 4th largest robot market, increased by 16% to about 24,700 units in 2014
–#1 robot density in non-automotive industries with 365 robots installed per 10,000 employees in 2014 (1,129 in automotive)
•Between 2015 and 2018, it is estimated that about 1.3 million new industrial robots will be installed in factories around the world
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