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EU boosts robotics spending to around euro400 million over 2 years

EU boosts robotics spending to around euro400 million over 2 years

The EU will spend almost euro400 million on research and investments in robotics over the next two years, the European Commission said Tuesday.
The amount _ double the EU spending in recent years _ is warranted for robotic automation is essential to European manufacturing, the commission said in a statement.
It estimated annual growth in the robotics sector at up to 15 percent a year over the next three years.
It said number of service robots in the EU _ that are typically used in warehouses, car washes and agriculture _ will total 75,000 in 2010, up from 40,000 in 2006.
"Automation plays a key role in ensuring a sustainable production and minimizing wasteful use of resources (and) contribute to help Europe's aging society by compensating for a declining labor force," the commission said.
Roughly one third of all industrial robots are produced in Europe. The current world market for industrial robots is about euro4 billion, according to the International Federation of Robotics.
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Updated : 2021-06-16 07:34 GMT+08:00