Commercial robotics market projected to triple to $4B in 5 years

The commercial robot market is poised to nearly triple in value during the next five years, with medical robots accounting for more than 40% of the product segment, according to a report.

Commercial robotics, which doesn’t include industrial robots, refers to medical robots, drones, autonomous guided robots and field robots. This year, the market for such technology is projected to reach $5.9 billion compared with a projected $17.6 billion in 2022. And North America is positioned to dominate the commercial robotics industry in coming years, a Transparency Market Research report indicates.

Get the full story on our sister site, The Robot Report.

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