By the end of 2028, the market for industrial robotics is anticipated to reach US$ 96.82 billion. The market is expanding as there is an increasing focus on improving the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices.
Sales in the global industrial robotics market are anticipated to reach US$ 33.75 Bn by 2022, increasing at a CAGR of 19.2% over the forecast period of 2022–2028, according to Future Market Insights (FMI). By 2022, East Asia is anticipated to represent more than two-thirds of the global revenue for industrial robotics, making it the most lucrative market. Through 2028, the automotive and electronics industries are projected to hold a lion’s share of the global market based on the end-use category.
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Demand for Industrial Robotics Propelling in Japan
Over the course of the assessment period, Japan is anticipated to grow into a profitable niche in the East Asian industrial robotics market.
According to estimates, these developments and product introductions will increase demand for industrial robotics in Japan and help the East Asian market account for close to 69% of global sales in 2022.
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