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An Analysis of the Industrial Robot Sector’s Competitiveness in Each Stage of the Value Chain, and Implications for Policy

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Abstract

Korea’s industrial robot sector is now the world’s fifth-largest, aided by systematic and consistent government policy over the past decade. It is still heavily reliant on imports for key parts however, and the industry is fragmented, consisting of many small and medium enterprises (SMEs) in the absence of specialized companies with global competitiveness. The sector’s competitiveness lags behind in key areas, such as in the development of core-enabling technologies, but also in terms of supply chain stability and production technology. This paper analyzes the structure and characteristics of the industry’s value chain, identifying its strengths and weaknesses in each stage of the chain. Based on the implications carried by the results of this analysis, we propose a comprehensive set of future-oriented policy considerations.

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  • Park, Sang Soo, 2022. "An Analysis of the Industrial Robot Sector’s Competitiveness in Each Stage of the Value Chain, and Implications for Policy," Research Papers 22/24, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kietrp:2022_024
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    Keywords

    Korea; manufacturing; robots; industrial robots; cobots; robot policy; manufacturing policy; small and medium-sized enterprises; SMEs; SME policy; competition; competition policy; competitiveness; industrial competitiveness; value chain; value chain analysis;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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