Industrial Robot Revenue by Vertical Market
Source Research:
Industrial Robots
Market Data | 12 Dec 2023 | MD-IROBO-104
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Worldwide industrial robot revenue will grow at a CAGR of 5.5% between 2022 and 2030, reaching US$21.3 billion by the end of the forecast period. Automobile manufacturers are the biggest adopters of industrial robots to automate their assembly lines, accounting for more than a third of overall revenue. Electronics, machinery, and food/beverage/tobacco sectors are other significant adopters of industrial robots. These four sectors comprise 88% of the industrial robot market.
