Benchmark International Releases 2024 Robotics Industry Report, Forecasting Significant Growth

Benchmark International, a leader in mergers and acquisitions, has announced the release of its 2024 Robotics Industry Report. This comprehensive analysis delves into the current state of the robotics industry, highlighting trends, challenges, and opportunities that are shaping the future of this rapidly evolving sector.

The global robotics market, valued at $46 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 15.1%, reaching $169.8 billion by 2032. This growth is driven by increased automation, advancements in artificial intelligence, and the integration of robotics into new industries.

The report underscores significant technological innovations, including the development of collaborative robots (cobots), advancements in machine learning algorithms, and the rise of autonomous systems. These innovations are expanding the applications of robotics across various sectors, from healthcare and logistics to manufacturing and agriculture.

In healthcare, robots are enhancing surgical precision and patient care, while in logistics, automation is streamlining supply chains. The report also notes a notable increase in mergers and acquisitions within the robotics industry as companies aim to acquire new technologies, expand capabilities, and gain a competitive edge.

Global trends highlighted in the report include the dominance of the Asia-Pacific region in robotics manufacturing and adoption, alongside increasing investment in robotics research and development in Europe and North America.

The 2024 Robotics Industry Report is available on Benchmark International's website and forms part of the firm's ongoing efforts to provide comprehensive market intelligence to its clients. For more information and to access the full report, please visit Benchmark International's website.