For decades, robots have performed a multitude of pick and place functions in many industries that would have previously been filled less efficiently by human workers, even outside traditional application areas, such as the automotive industry. Research published by analyst firm Gartner has predicted that one in three jobs will be automated using robotics or software by 2025.

A recent report from International Data Corporation reinforces these findings, claiming that the robot market is set to boom in the next three years, growing at a CAGR (Compound Annual Growth Rate) of 17%.