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The global robotics market was valued at US$ 33.2 Billion in 2021.
We expect the global robotics market to exhibit a CAGR of 17.6% during 2022-2027.
The continuous emergence of high-quality, innovative robotic technologies for warehousing,
manufacturing, and assembling applications, is currently driving the global robotics market.
The sudden outbreak of the COVID-19 pandemic has led to the escalating demand for robotic
technologies across several end-use industries, to ensure safe, secure, and reliable production
process with minimized risk of the coronavirus infection upon human interaction.
Based on the product type, the global robotics market can be bifurcated into industrial and service.
Currently, service robots account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global robotics market include ABB Group, KUKA AG, FANUC
Corporation, and Yaskawa Electric Corporation.
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