Morgan Stanley: China "Dominates" Global Robotics Market

Morgan Stanley analysts recently released a research report stating that the Chinese robot market is expected to grow rapidly at an average annual rate of 23% over the next four years, with the market size increasing from $47 billion in 2024 to $108 billion in 2028. The report claims that by 2024, China will account for approximately 40% of the global robot market share, making it dominant in the global robot industry.