Bank of America Merrill Lynch (BAC) released a report this week that said that annual global sales of robots reached a record $10.7 billion in 2014. The authors valued the overall market for robotic technologies, which also includes related software and sensors, at $32 billion for the same year. By 2020, the authors expect the robot market to be worth $83 billion.
The growth comes amid advancements in data analytics, microchips, and sensors. Because of the improved technology, robots are more flexible, powerful, and can perform more complicated tasks like testing tiny circuit boards.
The cost of robots is going down as well, which has made buying a robot more affordable, the authors said.
http://fortune.com/2015/11/06/five-fascinating-facts-robotics-market/
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