Global robotics market 2015-2019

In a new report Technavio's analysts forecast the global robotics market to grow at a CAGR of more than 26% by 2019. The market is broadly categorized into industrial robotics and service robotics. The latter accounts for the largest market share, however a significant market demand is emerging from developing countries for the industrial robotics segment.
The economic boom in APAC has paved the way for industrialization and manufacturing. The increase in purchasing capacity has led to a demand for high-quality consumer goods. Industrial robots are also replacing skilled laborers for various precision based roles such as packaging (Press Release Technavio, 10 September 2015).
Click here for the press release.
Click here for more information about the report.

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