The global robotics market is expected to experience rapid growth in the coming years, fueled by increasing demand for robotics applications across various industries. According to a comprehensive report, the market is projected to expand at a CAGR of 29.23% from 2023 to 2030, reaching a value of USD 150,423.55 million.
The report examines the market size, share, and industry trends, providing a deep dive into the robotics market. It identifies key application areas, including defense and military, residential, commercial, and others. In terms of types, the market is segmented into drone/aerial robots, goods-to-person picking robots, self-driving forklifts, and autonomous inventory robots.
The global presence of the robotics market is driven by leading companies such as Omron Adept Technologies Inc., SMP Robotics Systems Corp., Mobile Industrial Robots ApS, and many others. These companies are at the forefront of technological advancements and are driving the growth of the market.
Despite challenges faced during the COVID-19 pandemic and the Russia-Ukraine war, the robotics market is expected to recover and thrive. The report analyzes the impact of these events and provides insights into recovery strategies.
The report also delves into the market dynamics, including factors driving market growth and challenges faced by the industry. The burgeoning demand for specific applications globally is a major growth driver for the robotics market. Additionally, the report highlights the types of robotics available in the market, including drone/aerial robots, goods-to-person picking robots, self-driving forklifts, and autonomous inventory robots.
In conclusion, the robotics market is set to experience significant growth in the coming years. With advancements in technology and increasing demand for robotics applications, the market is poised for expansion. This report serves as a valuable resource for industry players, investors, researchers, and business strategists looking to gain a comprehensive understanding of the robotics market.
Sources:
– “Robotics Market” Future Business Insights, with Dynamic Growth Drivers and Regional Outlook
– RobotsMarket.com