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The industrial robotics market size is forecast to increase by USD 16.71 billion at a CAGR of 13.26% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for robotics technology in various industries. Key trends include the integration of artificial intelligence and the Internet of Things (IoT) to enhance consistency, client satisfaction, and improve overall production quality. The market is witnessing a shift towards automation to address the challenge of labor shortages and the need for round-the-clock operations. Emerging markets are driving growth due to their large labor pools and lower labor costs. However, the high costs associated with purchasing and maintaining industrial robots remain a significant challenge. Competition is intensifying, with key players focusing on delivering innovative solutions to gain a competitive edge.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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