Articulated Robot Market Size, Factors, Top Key Players and Business Opportunities till 2027

The articulated robot market is garnering substantial traction worldwide. The market growth attributes to the advantages of articulated robots helping to reduce the overall production cost. Due to the scalable flexibility, it is easier to do process changeovers with articulated robots. Moreover, the rising adoption of articulated robots in small and medium enterprises escalates market growth. According to Market Research Future (MRFR), the global articulated robot market valuation is projected to grow at an impressive CAGR throughout the review period (2018 – 2023). The pandemic is accelerating the digital transformation, promoting social distancing. Wherever the epidemic is impacting automation, distinct technology areas, ranging from 5G, cloud/edge, and artificial intelligence to articulated robots, are growing significantly in response to the COVID 19impacts on business. Additionally, the industrial revolution 4.0, along with the increasing demand for automation across industr...