A new market research report by Future Market Insights on cyber security in robotics market includes industry analysis 2014-2018 and opportunity assessment 2019-2029. As per the findings of the report, the cyber security in robotics market reached a value of $2.4 billion in 2018.
We are all increasingly aware of the reality that robots play a major role in our lives now. Whether it is in physical form – as a helper during surgeries – or in software, as in a chatbot, we are all surrounded by a bevy of machines that influence our lives in very significant ways. That’s why it should come as no surprise that even the HR department of various organizations are considering using bots to replace their actual human resources!
The robotic welding market is expected to grow at a CAGR of 8.91%, from 2018 to 2023, to reach a market size of $5.96 billion by 2023. Increasing implementation of Industry 4.0 revolution and rising need for scalability in manufacturing units in developing economies to meet the growing demand for various products would contribute to the growth of the robotic welding market.
The permanent magnet motor market is expected to grow from an estimated market size of $29.50 billion in 2018 to $45.13 billion by 2023, at a CAGR of 8.87%, from 2018 to 2023. The global market is set to witness a significant growth because of the increasing implementation of permanent magnet motors across industries. Growing robotics technology presents a significant opportunity for the permanent magnet motor market.
Agriculture robots has different tasks to perform which includes image capturing, seeding, water spraying, harvesting, milking and many others to name. The growing demand for food and scarcity of manpower has boosted the agriculture robots market’s growing trend.