Estimated reading time: 0 minutes, 25 seconds

Robotics on the Rise: Industry to Hit $226M By 2025

In a new report from research firm Tractica, the company claims construction robot-driven revenue will jump from $22.7 million in 2018 to $226 million in the next six years. So reports Robotics Business Review.

The company also said more than 7,000 robots are expected to be in operation for construction and demolition-related tasks. One analyst said medium and large companies are looking to address “labor shortages, safety, speed, accuracy, and integration with building automation and building information modeling (BIM) systems.”  

Read the full article from Robotics Business Review.

Read 6759 times
Rate this item
(0 votes)

Visit other PMG Sites: