AI's multi-year investment story is alive and well: Anastasia Amoroso
iCapital chief investment strategist Anastasia Amoroso discusses what sectors investors should avoid on 'Making Money.'
Slightly over 10% of South Korea's workforce has been replaced with robots, an annual survey by World Robotics 2024 found.
The report, which was presented by the International Federation of Robotics (IFR), found that robotics has continued on an upward trend globally.
South Korea led the transition to a robotic workforce, with the Asian country having 1,012 robots per 10,000 employees.
The country has increased its use of robots by 5% each year since 2018, the IFR found.
Robot adoption in factories around the world continues at a rapid pace, according to the World Robotics 2024 report, presented by the International Federation of Robotics (IFR). (International Federation of Robotics / Fox News)
How does the U.S. compare?
Singapore came in second with 770 robots per 10,000 employees, the organization found.
China, with 470 robots per 10,000 employees, has overtaken Germany and Japan, and landed in third place behind Singapore.
ARTIFICIAL INTELLIGENCE IS BIG, BUT ARE COMPANIES HIRING FOR AI ROLES TOO FAST?
Germany came in fourth place with 429 robots per 10,000 employees, followed by Japan with 419 units per 10,000 employees.
The United States ranked 10th with 295 robots per 10,000 employees.
Manager industrial engineer using tablet check and control automation robot arms machine in intelligent factory industrial on real time monitoring system software. (iStock / iStock)
Robot density by region
The IFR found that the European Union has a robot density of 219 units per 10,000 employees, an increase of 5.2% from previous years.
Germany, Sweden, Denmark and Slovenia led the increase in robotic adoption, with the countries landing in the global top ten.
North America's robot density is 197 units per 10,000 employees – up 4.2%, the IFR found.
Asia has a robot density of 182 units per 10,000 persons employed in manufacturing - an increase of 7.6%, the IFR found.
GET Gxstocks ON THE GO BY CLICKING HERE
Korea, Singapore, China and Japan were ranked in the top ten most automated countries.
Fox News has reached out to the International Federation of Robotics for comment.
