Industrial Robotics Market Report Analysis, Share, Revenue, Growth Rate With Forecast Overview 2028
Rapid adoption of Internet of Things and Machine Learning in the steady shift towards robotics and industrial automation are some key factors fueling market revenue growth Market Size – USD 84.05 Billion in 2020, Market Growth – at a CAGR of 16.8%, Market Trends – Advancements in 3D printing technology The global Industrial Robotics Market size is expected to reach USD 291.49 Billion in 2028 and register a CAGR of 16.8% over the forecast period, according to the latest report by Reports and Data. Global Industrial Robotics Market revenue growth is driven to a significant extent by substantial growth in deployment of industrial automation and robots in manufacturing processes and assembly lines. In addition, rising funding by governments to support the shift to digitalization is also driving deployment of Industrial Roboticsacross various industries. Industrial Roboticspromotes the use of computerization and technological advancements in manufacturing facilities that are based