Industrial Robotics Market size to grow by USD 60.57 billion from 2023 to 2030; Industrial 4.0 revolution has increased the use of robotics and smart manufacturing in industry to boost the market growth - Facts & Factor
The global industrial robotics market is anticipated to record massive growth over the forecast period owing to the rise in the Industrial 4.0 revolution has boosted the application of robotics & smart manufacturing in the industrial sector.
- The global industrial robotics market is anticipated to record massive growth over the forecast period owing to the rise in the Industrial 4.0 revolution has boosted the application of robotics & smart manufacturing in the industrial sector.
- Region-wise, the Middle East & African industrial robotics market is projected to register the highest CAGR during the assessment period.
- Growing demand for SCARA and collaborative robots will drive the growth of the industrial robotics market across the globe.
- Nevertheless, the growing need for allocating huge funds for deploying industrial robots can put brakes on the global industrial robotics industry demand.