- Jonathan Poyer
Are Robotics & Automation Companies Ready for Growth?
The global robotics market size reached US$ 39.2 Billion in 2022. According to the IMARC Group, the market is expected to reach US$ 102.4 Billion by 2028, exhibiting a growth rate (CAGR) of 17.58% during 2023-2028.
We have all certainly seen and continue to see the results of increasing inflation and interest rate hikes on our portfolios. Even if the current level of inflation remains persistent, we believe it will not impede the growth in the robotics market. During periods of heightened inflation, the robotics market has historically seen strength.
As labor cost rise companies focus on alleviating these costs by automating and using robotics. One of the largest periods of robotics demand was seen in the late seventies and early eighties when inflation was incredibly high.