Blog Post

Robot End-Effector Market to Reach US$ 6.5 Bn by 2025

RoboticsTomorrow • Sep 16, 2019

The revenue of Robot End-Effector Market crossed $2.5 billion in the year 2018 and is predicted to touch 6.5 billion-dollar mark till 2025, growing at 14% between the years 2019 and 2025; as per the research done by Global Market Insights, Inc.

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. The usage of these advanced technologies is anticipated to drive up production, improve efficiency, by transfer computational and decision-making powers to robotics systems. Factors such as growing deployment of collaborative robots, increasing implementation of robots in the logistics industry for pick & place operations, decreasing cost of sensors etc. is augmenting the robot end-effector market growth.

.....The strong research & development activities by organizations, such as Bristol Robotics Laboratory, is further boosting developments in the industry.....

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