It is predicted that the value of the global programmable robots market by 10.16. will reach USD 2030 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.5% during the forecast period of 2022-2030. This information comes from a recent exclusive report by The Insight. Partners.
The introduction of automation in manufacturing equipment, increasing awareness of the benefits of artificial intelligence (AI), and the emergence of deep learning systems are some of the key factors driving the growth of the market. Programmable robots have the ability to perform various tasks as programmed or instructed using programming languages such as C/C++, Java, and Python. They can efficiently perform tasks such as packing, sorting and other tasks without human intervention, thus reducing errors and increasing efficiency. This has led to their increasing demand, especially in the e-commerce industry.
In 2022, the market was estimated to be worth $3.20 billion in terms of revenue. However, despite the growth prospects, the high cost of robots is expected to hamper the market growth.
The market report covers various components, applications, and geographies. The regions included in the analysis are North America, Europe, Asia Pacific, Middle East and Africa, and South America and Central America. Countries covered in the report include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates and United Arab Emirates. Kingdom and United States of America.
With increasing automation and the popularity of robots for educational purposes, as well as the development of Internet of Things (IoT) technology, the market for programmable robots is expected to grow significantly in the coming years.
Sources:
– Insight Partners:
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2023-09-29 13:27:51
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