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Master in Intelligent Robotic Systems (MIRS)

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Most of today's manufacturing robots are only found inside factories. While the use of these industrial robots has grown linearly since the turn of the century according to the Korea International Trade Association (KITA), the growth of the robotics market is now driven by intelligent service robots, whether professional or personal, which are growing significantly faster than their industrial counterparts.

The report "Service Robotics Emerges as the Next Technology Frontier with Advancing Skills and Rising Demand" produced by KITA states that "With the aging workforce and rising labor costs, global sales of service robots, is estimated to have increased more than 26-fold from 2008's $3.2 billion to $85.5 billion in 2018 and could reach $190 billion by the end of 2020." These figures indicate an average annual growth rate of 23.7% during the period 2014 to 2020. The forecast for global service robotics demand is to exceed 18 million units by the end of 2020.

Within service robotics, Europe is the market leader in field, logistics and construction robotics. The German market is one of the large markets for robotics and is estimated to grow further in the future. Other markets such as Spain, Italy and the UK are also set to grow to become major players in the service robotics market in the coming years. The main companies in the market like Bosch, Panasonic, Honda, Samsung, Sony, Toyota, Google, etc. are pressing for more robotics applications that serve the market.

In conclusion, the market for intelligent service robots is growing at a rapid pace worldwide, with Europe being a key player in this market.

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