[245 Pages Report] According to MarketsandMarkets, the service robotics market is projected to grow from USD 37.0 billion in 2020 to USD 102.5 billion by 2025; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 22.6% from 2020 to 2025.
The articulated robot market (excluding the cost of robotic peripherals, software, and system engineering) is expected to grow from USD 9.36 Billion in 2017 to USD 23.51 Billion by 2023, at a CAGR of 16.58% during the forecast period.
MarketsandMarkets forecasts the Integrated Passive Devices market to grow from USD 1,011 million in 2018 to USD 1,544 million by 2023, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period.
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