Dominants and Features of Growth of the World Market of Robotics

Keywords: world economy, world market of robotics, robotics companies, industrial innovation, world industry


Purpose: Explore the current state, trends and development prospects of the global robotics market, especially the industrial robotics segment, as well as the service robots segment.

Design/Method/Approach: Logical, statistical, and graphical methods were used; systemic, structural-functional, and comparative types of analysis. The specificity of the interdisciplinary research is expressed in the use of the methodology for graphical presentation of the life cycle of technologies and goods.

Findings: The format for the use of “end-to-end” digital technologies, which include robotics, artificial intelligence and others, was determined, which leads to extreme changes in production and consumption and, in fact, marks the onset of a new technological order. It can be stated that a new cluster of innovations has been formed in the information technology industry, going beyond its limits, explosively transforming the sectors of the economy, the activities of the state and business, society and the world as a whole. The world markets for new technologies and goods are being formed, the composition and distribution of the roles of the participants in the global innovation system are changing. Modern concepts of innovative development of the world economy were studied, and a comparative analysis of methods for studying the markets of high-tech goods in various schools of economics was carried out. The authors outlined the features of the formation of the world robotics industry as a large technological system and assessed the place of the world market of robots in the world economy. The study contains the results of the work carried out to study the conditions and factors of the development of the global robotics market, as well as an overview of its geographical and corporate structure. In the scientific work, a study of the features of pricing in the robotics market and the specifics of creating and financing robotic projects was carried out.

Theoretical Implications: A comprehensive assessment of the global robotics market was carried out and the leading vectors of its transformations and growth prospects were identified.

Practical Implications: The obtained results of the study can be used as the basis for the formation of a corporate strategy for the development of individual companies and enterprises of industrial sectors of the world economy in order to accelerate innovative, technical and economic development in a durable format.

Originality/Value: The features and components of the development of the world industrial robotics market have been investigated. The encouraging directions of robotization of the world economy are determined. Prospects for further research. The obtained results can be used in the context of the promising development of a national doctrine or policy of robotization and the development of digital robotic systems of industry in the countries of the world.

Future Research: The obtained results can be used in the context of prospective development of national doctrine or policy of work and development of digitalized industrial systems of the world's countries.


Paper type: Theoretical


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How to Cite
Makedon, V., Mykhailenko, O., & Vazov, R. (2021). Dominants and Features of Growth of the World Market of Robotics. European Journal of Management Issues, 29(3), 133-141.