A Detailed Analysis of Industrial Robotics Market
Introduction Industrial Robotics market is projected to grow from US$45.762 billion in 2019 to US$66.841 billion in 2025, at a CAGR of 6.52% during the forecast period. The industrial robotics market is growing due to the high adoption of automation solutions across end-user industries. Rising labor costs and stringent regulations regarding workers' safety is driving the industrial robotics market. Robotics applied in industries helps in making the manufacturing and packaging more efficient by ensuring the quality of the products, preventing defective products or damaged products from entering the market, checking product safety, and tracing the products. Manufacturers are influenced to use industrial robotics because of the pressure of delivering and maximizing production in limited time. The industry is getting robotics for reducing time and money like by using laser cutting, laser welding applications, sensor technology, and robotics arms for production. The deman