Robotic Process Automation Is A Key Technology Being Implemented In The Autonomous Construction Equipment Market - By The Business Research Company
LONDON, March 22, 2023 /PRNewswire/ -- As per The Business Research Company's Autonomous Construction Equipment Global Market Report 2023, the global autonomous construction equipment market size will grow from $11.8 billion in 2022 to $14.05 billion in 2023 at a compound annual growth rate (CAGR) of more than 18%. The global autonomous construction equipment market size is then expected to grow to $20.3 billion in 2027 at a CAGR of more than 9%. Going forward, rapid urbanization and a rise in construction activities will drive autonomous construction equipment market growth.
- Going forward, rapid urbanization and a rise in construction activities will drive autonomous construction equipment market growth.
- Companies operating in autonomous construction equipment market are focusing on technology advancement and developing new technology-based products to strengthen their position in the market.
- Robotic process automation is one of the technologies that autonomous construction equipment companies are adopting to improve efficiencies.
- According to autonomous construction equipment market analysis , Asia Pacific was the largest region in the autonomous construction equipment market, accounting for 36.8% of the total in 2022.