From $9.32 trillion in 2009, the manufacturing output, value-added, rose sharply to $13.672 trillion in 2019, as per the World Bank. This reflects both the burgeoning demand for every type of product, on account of the booming population, and the continuous advancements the manufacturing industry is undergoing to meet it. One of the best ways to boost productivity is automation, as it speeds up the process and makes it almost non-stop. Thus, with the Industrial 4.0 revolution sweeping across the world, P&S Intelligence expects the market of modular robotics revenue to grow from $5.6 billion in 2019 to $15.1 billion by 2030, at a 9.9% CAGR between 2020 and 2030. Most large factories have robots to handle repetitive and critical processes, which also helps reduce companies’ operational expenditure. Robots are precise, can work throughout the day, and do not require salaries and fixed off days. However, since a factory may need an array of robots for different tasks, industrial automa...