Digital Chosunilbo (English Edition) : Daily News in English About Korea

The market for “intelligent” robots holds rich potential, with Japan, the U.S. and several European countries racing each other for the lead. But even they have only just left the starting line in the huge “blue ocean” market that experts say could be a massive source of income for Korea if the government and businesses put their mind to focused collaboration.
The leader so far is Japan. It accounts for 60 percent of global demand for intelligent robots and is also the no. 1 producer. The Japanese government and businesses have joined hands, and small but strong businesses equipped with the world’s best precision tools and materials technologies are playing a big part.

The Japanese Ministry of Economy, Trade and Industry and the Mitsubishi Research Institute forecast that the intelligent robot market will reach US$500 billion by 2020. This means it will snowball over 30 times from $15 billion last year. Japan expects to survive on robots in the 21st century as it did on cars in the 20th.

(Via .)

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Categories: technology
Tags: business, digitalism, economy, japan, manor gardens, research, robot

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Saturday, April 29th, 2006 at 5:39 pm
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