The global robotics market is predicted to triple to $275 billion by 2025, according to analysis of International Federation of Robotics data by DC Advisory.<\/p>\n
The research company calculates that the market was worth approximately $98 billion in 2018.<\/p>\n
DCA says changing consumer market has driven manufacturers and logistics companies to adopt new methods of production and distribution chiefly the new generations of robotics and automation technology. <\/p>\n
DCA says: Where historically, factory and warehouse automation was synonymous with large, heavy machines operating behind the safety of a metal cage, the evolution of on-demand consumer requirements has forced supply chain operators to adopt a more flexible model.<\/p>\n
This, coupled with the declining cost of automation and advances in technology, has increased investment into the installation of robots worldwide.<\/p>\n
The company lists the main drivers of change and growth in the market as:<\/p>\n
Another key driver of change and growth, says DCA, is the level of funding into robotics start-ups over the last five years.<\/p>\n
The research company says that $1.2 billion in US venture-capital deals have been made in logistics-focused robotics and automation companies since 2015.<\/p>\n
DCA says: We believe this has contributed to a rapidly growing number of robotics and software companies focused on the supply chain in order to fill the gap.<\/p>\n
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Global robotics market predicted to triple to $275 billion by 2025 - Robotics and Automation News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The global robotics market is predicted to triple to $275 billion by 2025, according to analysis of International Federation of Robotics data by DC Advisory. The research company calculates that the market was worth approximately $98 billion in 2018. Continue reading