The Industrial Robotics market will flourish in the coming years, according to a report from U.S. market intelligence firm Transparency Market Research (TMR), which forecasts a $44.4 billion market value by 2020.

Various factors will help to drive the global industrial market improvements, including a pervasive embrace of robotics in small and medium enterprises and rising labor costs. The report indicates that precision and optics, metals, and food and beverages will be the three industrial segments which will increase demand for industrial robots in the near future.

> Read more by Jake Meister, Manufacturing.net, 7/8/15

Industrial Robotics Market To Reach $44B By 2020