According to The Insight Partners, latest market study on “Robot End-Effector Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by type, application and industry,” the market was valued at US$ 3,125.59 million in 2020 and it is projected to reach US$ 9,664.68 million by 2028; it is expected to grow at a CAGR of 15.6% from 2021 to 2028.