Industrial Robotics Market worth $30.8 billion by 2027 - Exclusive Report by MarketsandMarkets™
Traditional robot accounted for a larger share of the industrial robotics market in 2021 and it is expected to remain dominant throughout the forecast period.
- Traditional robot accounted for a larger share of the industrial robotics market in 2021 and it is expected to remain dominant throughout the forecast period.
- Traditional industrial robots are used within cages or safety enclosures, whereas collaborative industrial robots are designed for use along with workers and operators.
- Traditional industrial robots held ~94% of the industrial robotics market, in terms of value, in 2021.
- Material handling to hold high opportunities for industrial robotics market compared to other applications in 2022 and 2027.