Global Robotics Revenue to Reach $248.5 Billion by 2025, as the Market for Non-Industrial Robots Maintains Strong Growth, According to Tractica
Summary
The industry is experiencing some growing pains, as expected when moving from a mature domain of robotics to new application areas. Despite the challenges, however, Tractica still expects continued growth in the non-industrial robotics sector. “Rather than one key factor, a series of issues has caused a pullback, especially in the consumer-facing robot market,” says research director Aditya Kaul. Tractica, an Informa business, is a market intelligence firm that focuses on emerging technologies. Tractica’s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding Artificial Intelligence, Robotics, User Interface Technologies, Advanced Computing, Connected & Autonomous Vehicles, and Wearables & Digital Health.