What is the size of the global robotics industry, how will it affect the other sectors, and where is all this progressing.
The global robots industry is huge, with robot companies spread across the globe. In terms of market size, it is estimated that the industry was worth around $153 billion in 2019. This figure is expected to grow to over $500 billion by 2025. The main drivers of this growth are the increasing automation of manufacturing and the growing demand for robots in the healthcare and service industries. With the rapid expansion of robotics technology, the global robotics industry is poised for continued growth in the years to come.
This presents a massive opportunity for businesses of all sizes to invest in robotic technology and automation to streamline their processes and improve efficiency.
It is also important to emphasize that as the robotics industry grows, it will affect the expansion of other sectors, such as the automotive industry, the construction industry, the food industry, and more.