Study: 20M manufacturing jobs will be displaced by robots by 2030
Trends suggest the global stock of robots will multiply even faster in the next 20 years, reaching as many as 20 million by 2030.
The robotics revolution is rapidly accelerating, as fast-paced technological advances in automation, engineering, energy storage, artificial intelligence and machine learning converge continue to transform the capabilities of robots and their ability to take over tasks once carried out by humans.
Already, the number of robots in use worldwide multiplied three-fold over the past two decades to 2.25 million. Trends suggest the global stock of robots will multiply even faster in the next 20 years, reaching as many as 20 million by 2030, with 14 million in China alone, according to a report released by Oxford Economics, UK.