Collaborative Robots Market to Reach $3.3 Billion by 2022


“The global market for collaborative robots is expected to grow at a CAGR of 60.04% between 2016 and 2022 from USD 110.0 million in 2015 and reach USD 3.3 Billion by 2022. The market is expected to be driven by the growing demand because of higher return on investment and low price of collaborative robots that are attracting the small and medium sized enterprises (SMEs), and the increase in investments for automation in industries. ”

Research and Markets has announced the addition of the “Collaborative Robots Market by Payload (Up to 5 Kg, Up to 10 Kg, & Above 10 Kg), Application, Industry and Geography – Global Forecast to 2022” report to their offering. ”

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Author:PR Newswire
Link to Article:Collaborative Robots Market to Reach $3.3 Billion by 2022
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