In part one of our blog, we explored the various benefits that the increased use of robotics in contract manufacturing brings to the industry with a focus on the service side of things. In this blog, we’re shifting our focus more to the business side of things to examine the evolving market of robotics. With more and more advancements being made in the industry each day, its is beginning to garner the attention of investors and those noticing its rapid expansion, as we explore below.
For those working in the robotics manufacturing industry and dealing with contract manufacturing services, it’s certainly an exciting time – between the year 2010 and 2014, average worldwide robot sales shot up at a combined annual growth rate of 17 percent, as reported by the International Federation of Robotics (IFR). With the IFR predicting a continued increase in global robot installations, further advancements will continue to help manufacturing services.