Industry verticals at the core of industrial robot
I have a pleasure to recall that, the automotive sector will remain the leading acquirer of industrial systems, even as it loses share to other growing industry verticals, including the electrical and electronics, rubber, and plastics industries.
The food and food packaging, pharmaceutical and cosmetics segments are on an interesting curve to demonstrate the fastest growth over the next decade.
ABI Research forecasts that the average year-over-year (YOY) growth rate of 16% will result in annual revenue exceeding $30 billion in 2020 and nearly $45 billion in 2025.