06-21-2021, 10:42 AM
The Robotics Market was valued at USD 23.67 billion in 2020, and it is expected to reach USD 74 billion by 2026 and register a CAGR of 20.4% over the forecast period (2021-2026). The market is experiencing a significant transformation, with robots growing beyond the workhorses of industrial shop floors and beginning to adopt the roles of personal assistants, surgical assistants, delivery vehicles, autonomous vehicles, exoskeletons, and crewless aerial vehicles, among many other uses. In the past decade, industrial robots used to be high priced, due to which, the ROI is expected to be achieved after a decade.