The Asian robotics market to reach $11 billion by 2016, while the U.S. market will expand to $6 billion.
By Mark Ingebretsen
August 08, 2011
In 2010, the world market for robots and related products climbed to $21 billion, and it will reach $30 billion by 2016, according to a new report on companiesandmarkets.com, representing a 6.7 percent compound annual growth rate from 2011. A prepared statement from the UK business research Web site said the robotics industry is comprised of six key segments: domestic service robots; industrial robots; military robots; professional service robots; security robots, and space robots.
Historically, robots have found applications in factory environments, performing routine…
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