The global market for robot end-effectors is forecast to grow to $6.5 billion by 2025, according to research done by Global Market Insights.
The revenue of Robot End-Effector Market crossed $2.5 billion in the year 2018 and is predicted to grow to $6.5 billion by 2025, growing at 14 percent between the years 2019 and 2025.
The advent of industry 4.0 in manufacturing industry which includes the inclusion of technological trends such as cloud robotics, automation, cyber-physical systems, big data, and IoT is driving the demand for advanced end-effectors. [Read more…] about Robot end-effector market forecast to grow to $6.5 billion by 2025