TyBot in the Central Susquehanna Valley Transportation River Bridge project. Source: Advanced Construction Robotics Inc.
According to McKinsey, the construction industry is one of the largest sectors of the global economy. About $10 trillion is spent every year on construction-related goods and services. However, productivity in the U.S. construction industry has barely changed since 1945.
In comparison, productivity has grown by as much as 1,500% in manufacturing, retail, and agriculture. That presents an opportunity for robotics.
