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Automation & Robotics IIAREE 2023, India's Industrial Automation and Instrumentation Market is Estimated to Grow $ 1.92 Billion from 2020 to 2025 and Market Growth is Expected to Accelerate at a CAGR of 8.62% .
The global industrial robot market was valued at approximately $ 43.8 billion in 2021.
The market is expected to grow at a compound annual growth rate (CAGR) of around 10%, reaching nearly $ 70.6 billion BY 2028.
India's industrial robotics market CAGR is expected to be 13% over the forecast period and the market size is expected to reach nearly $ 9.02 billion by 2027.
By 2025, India aims to achieve a GDP of $ 5 trillion and a digital economy of $ 1 trillion.
As electronics are the basis of production, the demand for electronic products will rise to $ 400 billion by 2025.
The internal market is expected to grow from $ 65 billion to $ 180 billion over the next 5 years.
This will make electronics among India's 2-3 exports topping the rankings by 2026.
Of the $ 300 billion, exports are expected to increase from the $ 15 billion forecast in 2021-22 to $ 120 billion by 2026.
Start: 16/02/2023
End: 18/02/2023
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