What is the size of the global robotics market

The global robot industry is currently worth an estimated $100 billion; most of this industry is located in Asia, with China and Japan being the two largest markets. Europe is the second largest market for robots, followed by North America.
 
Furthermore, this figure is expected to grow exponentially in the coming years. With advances in artificial intelligence and robotics technologies, more and more businesses are beginning to explore the potential of automation.
 

As a result, the number of robot companies is rising, with new startups appearing daily. While it is impossible to say precisely how many robot companies are currently in operation, estimates suggest that hundreds, if not thousands, of businesses worldwide are dedicated to developing robotic technologies.

This rapid growth will continue as robots become increasingly commonplace in homes and workplaces.

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