The U.S. robotics industry is growing at an unprecedented rate, and the adoption of robotic technologies is on the rise, according to Balboa Capital. The Costa Mesa, Calif.-based firm attributed that growth to many factors, including advancements in artificial intelligence and machine learning, increased automation in manufacturing, and the need for more efficient processes. As a result, it said, the U.S. robotics market has grown significantly over the past few years.
Balboa Capital created the infographic below to highlight some of the key facts, figures, and statistics related to the U.S. robotics industry's growth and adoption. It features trends in automation market size, robotics spending, employment figures, and robot adoption rates.
The infographic also highlights cities with the highest job automation rates and the estimated number of new jobs that will be created through automation. By understanding this information better, U.S. automation industry professionals can gain insight into how robots are being used today and where they may be headed, said the company.
Balboa Capital, a division of Ameris Bank, is a leading provider of small business funding nationwide. It offers robotics equipment financing to help vendors and dealers move inventory by providing their customers with fast, dependable funding.
In addition, Balboa Capital offers funding to small businesses and middle-market companies looking to finance robotics equipment. For more information, visit https://www.balboacapital.com/robotics-equipment-financing/.
Click on image to enlarge. Source: Balboa Capital, reposted with permission
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