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Cobots Lead the Future of the Global Industrial Robotics Market, Finds Frost & Sullivan USA - English Share this article Share this article Asia-Pacific to remain the epicenter of growth opportunities for robot manufacturers, with market revenues estimated to top $25.08 billion by 2024 SANTA CLARA, Calif., April 21, 2021 /PRNewswire/ Frost & Sullivan s recent analysis finds that the global industrial robotics market will reach revenues of $38.3 billion in 2024 from $22.2 billion in 2020 at a CAGR of 12.2%. Although the industry was curtailed by the COVID-19 pandemic and uncertainty in the automotive business, rising demand from other high-growth sectors is expected to propel it over the next five years. ....
Cobots Lead the Future of the Global Industrial Robots Market, Finds Frost & Sullivan SANTA CLARA, Calif., April 21, 2021 /PRNewswire/ Frost & Sullivan s recent analysis finds that the global industrial robotics market will reach revenues of $38.3 billion in 2024 from $22.2 billion in 2020 at a CAGR of 12.2%. Although the industry was curtailed by the COVID-19 pandemic and uncertainty in the automotive business, rising demand from other high-growth sectors is expected to propel it over the next five years. Pharmaceuticals will be the fastest-growing segment, with a CAGR of 17.2% from 2019 to 2024, reaching $3.33 million by the end of the forecasted period, followed by food & beverage (F&B) and ....