Collaborative Robots Global Market Expected to Reach $2502 Million with 58.2% CAGR Forecast to 2022
"According to Stratistics MRC, the Global Collaborative Robots Market is accounted for $101 million in 2015 and is expected to reach $2502 million by 2022 growing at a CAGR of 58.2% during the forecast period". Some of the key factors influencing the market include cost effective collaborative robots, rising investments for automation in industries, increased potential for robot installations in many countries and higher return on investment. Lack of repeatability and capabilities related to faster cycle time is one of...
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