RALEIGH, N.C., Aug. 3, 2021 /PRNewswire/ — The Robotics industry has witnessed significant growth in demand as it has become a key strategy in the implementation of Industry 4.0. The shortage of human resources in developed countries, the need to adopt labor safety standards, and the emergence of Artificial Intelligence (AI) are the influencing factors in the growth of the Robotics industry. 

“From a business strategy standpoint, access to technological advancements and the ability to optimize cost through improving productivity and efficiency are key factors to improve business sales. The development of the robotics market can be attributed to the demand in end-use sectors such as automotive, defense, medical, space, and entertainment,” said Vignesh Premkumar, Research Analyst at Beroe. “Despite the booming growth of robots, high initial investments, combined with high-tech research and development cost, has constrained industry…

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