Global Robotics Market to Surpass $151 Billion by 2020

Published by , November 21, 2016 2:57 am

(SATPRNews) The worldwide spending on robotics and related services will hit the robotics market by $151 billion in 2020 according to a latest report by Renub. The report is titled “Global Robotics Market, Volume & Forecast” and has been added to the vast archive of Market Research Hub. This study majorly focuses on the global demand of robots in various sectors. The market has augmented extensively due to the ongoing trend towards automation and continuous innovative advancements in service as well as industrial robotics.
The report provides the market growth analysis in different regions. In 2014, Global robotics market was dominated by Asia Pacific region and is expected to continue for the estimated period as well. The products generate big revenue in automotive robotics market due to high density of related companies in this region.

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