Global Robotics Market Expected to Reach a Volume of 26 Million Units by 2024
According to the latest report by IMARC Group, titled “ Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the global robotics market reached a volume of nearly 10 Million Units in 2018, growing at a CAGR of 21.8% during 2011-2018. Robotics is a field of engineering that studies the manufacturing, operation, handling, design and conception of robots. A robot is a machine which can automatically perform a set of complex activities. It can either be embedded with the control system or can be guided by an external control device. Additionally, robots provide improved productivity and efficiency as they are more consistent and precise as compared to human beings. Earlier, they were majorly used in the assembly lines of the automotive industry, whereas now they are utilised for performing different tasks ranging from cleaning nuclear waste and mowing lawns to exploring outer space and performing surgeries. Explore Related...