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Global robotics market revenue 2018-2025

The global market for robots is expected to grow at a compound annual growth rate (CAGR) of around 26 percent to reach just under 210 billion U.S. dollars by 2025. It is predicted that this market will hit the 100 billion U.S. dollar mark in 2020.

On the road to autonomy

  The invention of the world’s first robot is credited to George Devol. The Unimate, a material handling robot performing basic welding and carrying tasks, was introduced in 1961.

  Robots are programmable machines that have the capability to move on at least three axes. They were developed to assist human workers with a wide array of tasks, including heavy lifting, as well as hazardous or repetitive work. Today’s robots have a much higher degree of autonomy based on several technological advancements made in recent years. The industrial robotics market, which has traditionally represented the robotics industry and has been led by Japanese and European robot manufacturers, is giving way to non-industrial robots, such as personal assistant robots, customer service robots, autonomous vehicles, and unmanned aerial vehicles (UAVs).

Size of the global market for industrial and non-industrial robots between 2018 and 2025

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as of Q3 2019

Supplementary notes

The figures for 2019 through 2025 are projections.
According to the source's definition, the robotics market includes "industrial robots [and] service robots ... also unmanned aerial vehicles (UAVs) and autonomous vehicles..."

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