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Facts About Singapore Robotics Industry
- In 2013, about 4 million service robots for personal and domestic use were sold, 28% more than in 2012. The value of sales is US$1.7 billion. About 134,500 new service robots for professional use to be installed
- Projections for the period 2014-2017, sales forecast indicate an increase to about 134,500 units with a value of US$ 18.9 billion. About 31 million units of service robots for personal use to be sold
- It is projected that sales of all types of robots for domestic tasks (vacuum cleaning, lawn-mowing, window cleaning and other types) could reach almost 23.9 million units in the period 2014-2017, with an estimated value of US$6.5 billion. The size of the market for toy robots and hobby systems is forecast at about 4.5 million units, most of which for obvious reasons are very low-priced. About 3 million robots for education and research are expected to be sold in the period 2014-2017.
- Sales of all types of entertainment and leisure robots are projected at about 7.5 million units, with a value of about US$4.5 billion.
- Sales of robots for elderly and handicap assistance will be about 12,400 units in the period of 2014-2017. This market is expected to increase substantially within the next 20 years.
- Singapore Government initiative on SMART NATION – Much Robotics will be deployed in Singapore. – Excellent commercial opportunity for robotics companies.
Food delivery, hotel room service, and delivery of hotel amenities like towels and toiletries are currently undertaken by robots in a handful of establishments. But this year, be prepared to see them deployed in the services industry in a bigger way as companies turn to innovation and automation to boost their productivity in the new manpower-lean economy. After becoming ubiquitous in the manufacturing industry, robots’ foray into the services industries is the rise of a new dawn, two robotics services companies told TODAY. The reason is obvious — manpower-intensive industries such as food and beverage (F&B) and hospitality are finding it hard to employ enough Singaporeans to take on the jobs. (Source: 3 Jan 2017, todayonline.com)
Singapore Budget 2016: More than $450 million to support National Robotics Programme over next 3 years
The National Robotics Programme, which was announced in 2015, will be scaled up this year with the announcement of more than $450 million to support it over the next three years. Finance Minister Heng Swee Keat made the announcement in his Budget speech on Wednesday (March 24) as he spoke about industry-level transformation. Developing and deploying new technologies to solve problems that are relevant for the entire industry can drive industry-level transformation, he said. Robotics technology can enable us to work more effectively in a tight labour market, and can also create more high value-added jobs, he added. Keeping that in view, the ministry will work with solution providers to offer packaged solutions to small and medium-sized enterprises (SMEs) at a reasonable cost. (Source: 24 March 2016, straitstimes.com)
Subsidies Provided For small and medium-sized enterprises (SMEs) in Singapore To Adopt Robotics
Companies can also get grants of up to 70 per cent of qualifying project costs under Spring Singapore's Capability Development Grant as the Government is encouraging small and medium enterprises (SMEs) to use robotics to boost productivity. In last year’s Budget, the Government set aside more than S$450 million to support this programme over the next three years. The Economic Development Board and Spring Singapore said there are bright times ahead for the use of robotics.
“Given the global growth potential of new-generation collaborative and service robots, with the right strategy, we see opportunities to nurture robotics into potentially a billion-dollar industry in the next five to 10 years. (Source: 3 Jan 2017, todayonline.com)