Robotics technology is an interdisciplinary field that involves the integration of engineering, computer science and other fields of science to design, develop, and deploy robots. Robotics technology includes the design, building, operation, and utilization of robots in a variety of industries, including manufacturing, health care, agriculture, and logistics. According to a report published by Allied Market Research, the robotics technology industry generated $87.4 Billion in 2022 and is anticipated to generate $349.8 Billion by 2032, witnessing a CAGR of 15.2% from 2023 to 2032. The rise in the need for automation and safety in organizations, the rise in availability of cost and energy-efficient robots, the increase in integration of robots in several industries, and the rise in labor and energy costs are the major factors that drive the growth of the global robotics technology market.
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