Global R&D Spending in the Robotics Industry to Grow at a CAGR of 17.29% During 2016-2020
The robotics market is witnessing a major makeover in terms of investments for both R&D activities and product development both through vendor CAPEX and equity funding. The rising investments is directly related to the growing adoption of robotic technologies in the industrial and service sector. The funding options for the established vendors and start-ups are governed by the level of innovation involved in the product and technologies. Apart from the investments made by OEMs and VCs, governments of leading robotic...
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