Robotics and smart machines could add £150bn to UK economy
A report by techUK suggests that widespread adoption of robotics and smart machines could add up to £150bn to the UK economy over the next decade. The UK must act now to leverage its strengths in robotics technologies and turn this momentum into long-term growth.
The UK has a significant opportunity to lead the next wave of robotics innovation and deployment, according to a report by techUK. Widespread adoption of robotics and smart machines could add £150bn in GVA to the UK economy over the next decade, with gains in productivity, job creation, and international competitiveness. Breakthroughs in AI, sensing technologies, and computing power are creating increasingly capable robots, reshaping sectors like manufacturing and healthcare. The report highlights the need for the UK to act now to leverage its strengths in robotics technologies. Recent UK robotics success stories include Oxa, an autonomous vehicle technology company that raised £77.2m in Series D funding. The key challenge is not innovation, but adoption, particularly among SMEs, where adoption remains at an early stage.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.