The global site of the UK's leading magazine for automation, motion engineering and power transmission
12 July, 2024

Twitter link

EU doubles its robotics budget to €400m

11 June, 2008

The European Commission has announced that it plans to double its investment in robotics research between 2007 and 2010. With a €400m budget, the programme aims to encourage partnerships between academia and industry, as well as stimulating innovative ideas and experiments.

About a third of the world’s industrial robots are produced in Europe, but the Commission warns that Europe should not rest on its laurels. It is calling on the industry to intensify its efforts to produce critical components, such as gears, in Europe to avoid being dependent on other regions of the world.

According to Viviane Reding, EU Commissioner for Information Society and Media, there is a huge untapped potential in the EU`s robotics sector. "There is a clear window of opportunity for automation industries in Europe – in particular, robotics – not just to maintain leadership, but to grow further and to move higher up the value chain," she says. "To achieve this, the industry has to intensify its efforts in several areas."

The global market for industrial robots currently stands at €4bn and is forecast to grow by 4.2% per year until 2010.

  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here



"Do you think that robots create or destroy jobs?"



Most Read Articles