In The Asia-Pacific Region, Robotics to Reach $43.7 Billion By 2023


Source: passionateinmarketing.com passionateinmarketing.com

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Robots market expansion in the Asia-Pacific region is being driven by the adoption of robotics technology by various sectors. During the projected period 2015-2020, the APAC Robotics Technology Market is estimated to generate revenue of $29.5 billion, representing a CAGR of 9.12%. For the design and development of robots, robotics technology combines electronics, artificial intelligence, computer science, mechatronics, bioengineering, and nanotechnology. It is a field of study that deals with the use of computer-controlled robots to perform manipulative activities. Robots are intelligent machines with sensors, manipulators, control systems, power supplies, and software that help them do tasks more efficiently. During...