Industrial Robotics Market worth 79.58 Billion USD by 2022
According to the new market research report "Industrial Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical, Parallel, Collaborative Robots), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Vertical and Geography - Analysis & Forecast to 2022", the industrial robotics market is expected to grow at CAGR of 11.92% between 2016 and 2022, and reach USD 79.58 Billion by 2022.The report includes an in-depth analysis of the market segmented on the basis of type, component, industry, and geography. The growth of the market is majorly attributed to the adoption of automation to ensure quality production while meeting market demand as well as the growing demand from small- and medium-scale enterprises in developing countries.
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