Global Robotics Technology Market (2016 – 2022)

Date: 2016-11

“The Global Robotics Technology Market attained a market size of $49,780.0 Million in 2015 and is expected to reach $108,214.3 Million by 2022 growing at a CAGR of 12.3% CAGR during 2016 – 2022.
Custom robots are widely sold, which are specific to market needs. The robots are built to address niche application areas, which would make robots a widely accepted phenomena. Various players operating within the market offer industrial robots, mobile robots, service robots, autonomous robots and modular robots to meet the growing needs of the customers. Industrial robots are used to automate manufacturing processes; whereas, service robotics found to be useful in healthcare and domestic sectors to enhance quality of life. Differentiated products and merger and acquisitions are the top business strategies adopted by market players in the robotics market.


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