Global Robotics Market to Reach 37 Million Units by 2025, Stimulated by Increasing Utilization in Various Industries
As per the latest report by IMARC Group, titled “ Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025, ” the global robotics market size reached a volume of 12 Million Units in 2019 , growing at CAGR of 22.2% during 2014-2019. Robotics is a field of engineering that deals with the manufacturing, operation, handling, design and conception of robots. A robot is a machine that 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. Robots help in improving productivity and efficiency as they are more consistent and precise as compared to human beings. Earlier, they were majorly used in assembly lines of the automotive industry, whereas now they are utilized for performing different tasks ranging from cleaning nuclear waste and mowing lawns to exploring outer space and performing surgeries. Request for a free sample copy of...