Case Study: A Coffee with the RobotThe global robotics technology market size was valued at $62.75 billion in 2019 and is projected to reach $189.36 billion by 2027, growing at a CAGR of 13.5% from 2020 to 2027. However, we believe that robotics will quickly overtake every aspect of life making this projection of 13.5% extremely modest.
The Five Major Types of Robots
Mechanical bots come in all shapes and sizes to efficiently carry out the task for which they were designed. From the 0.2 millimeter-long RoboBee to the 200 meter-long robotic shipping vessel Vindskip, robots are emerging to carry out tasks that humans simply can t. Generally, there are five types of robots: