Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,819.4 Million | USD 7,572.5 Million | 17.9% | 2021 |
FrequentlyAsked Questions
One of the primary factors projected to drive market expansion is the increasing use of robots in various industrial sectors. Technological advancement, expanding application areas for autonomous robots, and increased awareness about the benefits of autonomous robots in emerging economies are some of the reasons expected to drive market expansion.
According to the Market Research report, the Autonomous Robot Market size was worth about 2,819.4 (USD million) in 2021 and is predicted to grow to around 7,572.5 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 17.9 percent.
North America dominates the autonomous robot market as a result of rising E-commerce sales in the region. Furthermore, fast technological adoption, the presence of significant manufacturers operating in this region, and massive spending from regulatory agencies to create automated warehouses and distribution centers all contribute to the market's growth.
Some of the main competitors dominating the Autonomous Robot Market include - ABB, Bleum, Boston Dynamics, Clearpath Robotics, Inc., GreyOrange, Harvest Automation, IAM Robotics, inVia Robotics, Inc., Kuka AG, Teradyne, Inc.
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