Robotics, once a realm of science fiction, has evolved into a crucial component of many industries, changing how we work and live. Robotics technology breakthroughs are bringing about profound shifts in a number of industries, including manufacturing, healthcare, agriculture, and logistics. This blog examines robotics technologies as they exist today and how they affect international markets.
According to BCC Research, The global market for robotics was valued at $67.9 billion in 2023. The market is expected to grow from $78.4 billion in 2024 to $165.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 16.1% from 2024 to 2029.