Robotics Market Structure and Overview of Key Market Forces Propelling Market 2017 - 2025
Global Robotics Market: Snapshot The global market for robotics is expected to display double-digit growth in the upcoming years, thanks to the increasing automation across industries. Automation is increasingly becoming the buzzword across labor-intensive industries that are grappling with rising labor costs and lack of skilled workforce issues. This has pushed the adoption of robotic technology to automate operations. Industrial robots, for instance, are deployed in manufacturing and production settings to perform an array of programmed tasks. As per estimates of a report by Transparency Market Research (TMR), the global robotics market will attract a revenue worth US$147.26 bn by 2025 end rising at a healthy 17.4% CAGR over the forecast period from 2017 to 2025. The market was evaluated at US$35.23 bn in 2016. In terms of volume, the market is expected to reach an amount of 2,731.2 thousand units by 2025. Static Robotics Segment to Continue to Witness Significant D...