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Over the next six years, the global robot market will triple to its current size, with a value that is expected to grow from $ 98 billion in 2018 to more than $ 275 billion in 2025, according to a report.
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International statistics, based on current robot utilization rates, indicate an industry growth with a CAGR of 16% over the 2018-2025 period, with an annual growth of 17% in 2022.
The robotics industry has undergone remarkable development in recent years globally. The increasing demand for robots in firms and small and medium industries, which was once reserved for large industries because of huge production costs, is perhaps the most striking feature of current development.
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