Harmonic Drives in Robotics Market - Forecast(2020 - 2025)
Overview Harmonic Drives in Robotics Market size was valued $2,376.67 million in 2019, estimated to grow at a CAGR of 14.23% during 2020-2025. The growing need for robots in various applications ranging from medical to industrial has enhanced the harmonic drives in the robotics market. Moreover, the disruption of the healthcare industry due to the extensive usage of medical robots and the need for Strain wave gearing, cycloidal drive, and torque transmission are highly benefitting the market growth. The rise in automation in the healthcare and industrial sector has raised the need for robots or machinery. Furthermore, the usage of robots for performing operations resulting in scanning vital signs, patient’s pulse and others are fueling the market growth.. These key drivers will anticipate the growth of the harmonic drives in the robotics market industry during the forecast period. Key Takeaways In 2019, the harmonic drives in the robotics market was dominated by Nor...