Robotics Market Global Industry Size, Share, Trends, Opportunity and Forecast 2026 - TechSci Research
Global Robotics Market stood at USD49.94 billion in 2020 and is forecast to grow at a CAGR of over 4.91% by 2026 due to rising necessity for remote communications in various sectors. This can help different organizations in reducing travel expenses, providing faster services and uplifting collaborations which is expected to positively influence the Global Robotics Market in the forecast years . Global Robotics Market can be bifurcated into component, type, end user and region. Based on component, the market can be segmented as software and hardware, where software segment is having a market share of 50.77% due to rise in automation and simulation systems. In terms of type, the market is segmented into articulated, cartesian, SCARA, cylindrical and others (spherical, delta, parallel, etc.) type of robots where the market share of articulated robots is 55.56% due to the ease of operating. The robotics market on the basis of end user can be bifurcated into h ...