The expansion of the automotive industry in the world and the increasing acceptance of robotics in various industries are among the factors stimulating the market growth. It must be acknowledged that with the advancement of artificial intelligence and robotics technologies, additional production costs have been reduced; on the other hand, productivity has been increasing. Venture capitalists also play a crucial role in the transformation of industrial production and industrial Manufacturing & robotics by investing in this field. It seems this technology may encounter obstacles in the industries of economies with cheap large workforce due to the high costs of its operation and infrastructure.
Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
2019 | 39.72 | 5 | 25.38% | Mordor Intelligenc |
2019 | 48.7 | 5 | 9.20% | Market and market |
2019 | 37.87 | 7 | 9.40% | Allied market research |
2019 | 35 | 7 | 10.00% | GMInsights |
2019 | 31.45 | 4 | 7.00% | Grand view research |
Table of Contents
Influencing factors that changes market size of manufacturing & robotics market
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of Advanced Manufacturing & Robotics
Direct drivers:
- Increasing demand in various industries
- Adoption of technology in industry
- High costs of workforce
Reverse drivers:
- Infrastructure costs
- High cost of equipment and maintenance
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management.
The market of Advanced Manufacturing & Robotics may also be threatened by the following risks:
- Technology risk
- Maturity risk
- Funding risk
- Exit value risk
- Manufacturing risk