SOURCE RESEARCH
Digital Factory Data
Market Data | 4Q 2024 | MD-IICT-108
Get The ReportRobotics development and investment witnessed a major boost to growth in 2021 and 2022, with revenue exceeding that of the 2018 bumper year and a growing supply of low-cost robots. Universal Robots remain the standout vendor in the collaborative market, but there are several significant challengers. Overall, robotics software investment in the industrial and manufacturing spaces will grow at a Compound Annual Growth Rate (CAGR) of 23.1% between 2022 and 2030 - coming to a total of more than US$38 billion by 2030.
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