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APAC is the new frontier in industrial robotics: Report

By Niranjan Mudholkar,

Added 05 October 2015

World robotics market growing at 29.11% CAGR to 2019

Based on types, the global robotics market can be classified into industrial robots and service robots. To calculate the market size, this report considers the number of robots shipped globally. Based on type, it segments the global robotics market into Industrial robots and Service robots.

Commenting on the 2015 robotics market report, an analyst said: "Vendors are offering next-generation robotics systems to manufacturing companies to gain a competitive advantage over others. Independent robots developed with the use of artificial intelligence can perform a broad range of tasks independently.

"The demand for these robots from manufacturing companies has increased, driven by the need to improve productivity and efficiency. Also, vendors are offering collaborative robots that can interact with humans, which is expected to help in achieving better collaboration in production processes."
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