Cobots Lead the Future of the Global Industrial Robotics Market, Finds Frost & Sullivan
USA - English
Share this article
Share this article
Asia-Pacific to remain the epicenter of growth opportunities for robot manufacturers, with market revenues estimated to top $25.08 billion by 2024
SANTA CLARA, Calif., April 21, 2021 /PRNewswire/ Frost & Sullivan s recent analysis finds that the
global industrial robotics market will reach revenues of
$38.3 billion in 2024 from
$22.2 billion in 2020 at a CAGR of 12.2%. Although the industry was curtailed by the COVID-19 pandemic and uncertainty in the automotive business, rising demand from other high-growth sectors is expected to propel it over the next five years.