The global industrial robotics market is expected to reach USD 79.58 Billion by 2022, growing at a CAGR of 11.92% between 2016 and 2022.

"Industrial Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical, Parallel, Collaborative Robots), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Vertical and Geography - Analysis & Forecast to 2022",

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key points:
The APAC market is expected to grow at the highest CAGR between 2016 and 2022

Electrical and electronics industry is expected to grow at the highest CAGR between 2016 and 2022

Major automotive manufacturing companies are investing immensely in the APAC region, thus attracting new players toward the industrial robotics market.

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Research shows that, the maximum growth for industrial robotics is expected in the automotive industry, as significant investments are being made by major automotive manufacturing industries in this market. The industrial robotics market in the electrical and electronics industry is expected to grow the highest CAGR between 2016 and 2022 owing to the introduction of new electronic products into the market, the miniaturization of electrical and electronics equipment, and complexity in manufacturing processes.

Articulated robots held the largest market share of all the types of robots in 2015; this market is expected to grow at the highest CAGR during the forecast period. Owing to their structure and operational capabilities, articulated robots are widely used by various industrial applications in the automotive and electrical and electronics industry among others.