Lithuanian fast-growing robotics industry
The global robotics industry is expected to grow by 114%, i.e. double over the next five years
- December 12, 2018 09:30
- Olya Georgieva
Lithuania is a small country often overlooked by foreign firms, but lately there are more and more reasons for robotics companies to invest in Lithuania. The global robotics industry is expected to grow by 114%, i.e. double over the next five years. And Lithuania is not planning on staying behind. There is an increasing number of companies in Lithuania realizing that there is no tomorrow without robotics, that without robotics they will be unable to compete with other market players.
Lithuania is geared to perform at any stage of the robotic technology development process - not only solutions relevant to industry or business, but also smart consumer products. The country’s science and business cooperation promotes the commercialization of scientific knowledge, and its adaptation to business needs. According to specialists, innovative products offered by Lithuanian developers keep up with the global trends and are able to keep pace with the fourth industrial revolution.