The Smart Manufacturing Market was valued at USD 88.7 billion in 2021 and is projected to reach USD 228.2 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027. In terms of volume of industrial robots, the industrial robots market registered a shipment of 351 thousand units in 2020 and is expected to grow at a CAGR of 16.1% to reach 817 thousand units by 2026. The major drivers of the Smart Manufacturing Market include the growing adoption of Industry 4.0, rising emphasis on industrial…
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