Smart Robots Market Size, Trends & Industry Forecasts
Smart Robots Market The Smart Robots Market size was valued at USD 4221 million in 2019 and is projected to grow at a CAGR of 30% over the forecast period (2020-2027). The factors driving the growth of Smart Robots Market includes growing demand for Smart Robots in end-use industries such as healthcare, food & beverages, retail & automotive, rising penetration of Industrial automation and Governments initiatives for increasing the production of Robots across the world. As per the report published by Hindustan Times, The Indian Government is planning to include the Robotics and Drone under the Production Linked Incentive (PLI) Scheme, which is expected to increase the production of drones and robots around $2 billion per market player in India. Moreover, the integration of advanced technologies such as deep learning, Artificial Intelligence, Internet of Things and Machine Learning, are expected to boost the Smart Robots Market share in the coming years. In addition, the ...