Market Watch

May 2023
The Future of Motor Drives, Robotics, + Controls

Kevin Parmenter, Director, Applications Engineering. TSC, America

­The global robotics technology market size was valued at $62.75 billion in 2019 and is projected to reach $189.36 billion by 2027, growing at a CAGR of 13.5% from 2020 to 2027, according to Allied market research. Robotics, motor drives and controls were once separate application areas and markets. Now they ar
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