South Korea recorded production value of KWR2.42 trillion (US$2.3 billion) for robots mainly used in the industrial segment during 2013, growing on year by 6.5%, while KWR737.6 billion was for exports to China and emerging economies, up 23.9%,according to Digitimes Research, citing sources form the Korea Institute for Robot Industry Advancement.
The statistics that were recently posted by the institute indicate that Korea's robot industry is still heavily reliant on the Korea domestic market and that industrial applications make up the biggest source of growth for makers both in and out of Korea.
Digitimes Research believes that following the developments of other applications related to health will greatly shift demand and bring in diverse revenues, with China expected to be one of the main sources of growth.