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Industrial robot market to grow 5-7% out to 2027

Robotics Business Review

Interact Analysis predicts this long-term growth will be mostly driven by demand from the electric vehicle (EV) manufacturing industry. The post Industrial robot market to grow 5-7% out to 2027 appeared first on Robotics Business Review.

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Industrial robot components market report: Anticipated 8.8 percent annual growth forecasted until 2027

Automation Mag

A recent Interact Analysis report finds that the global market for key components used in industrial robots reached $12.1 percent year-on-year increase was driven by the production of collaborative and SCARA robots. Overall, the market for industrial robots components is expected to grow at a CAGR of 8.8 billion in 2022.

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Robotics Leadership Academy to develop workforce in Pittsburgh Robotics Network initiative

Robotics Business Review

Source: Pittsburgh Robotics Network Many workers in southwestern Pennsylvania were left with few career prospects when economic and environmental concerns shifted coal mining to other regions. With matching funds from regional contributors, the total funding for the Robotics Leadership Academy amounts to $1.5

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UR survey shows 48% of manufacturers plan to invest in AI

Robotics Business Review

Source: Universal Robots The artificial intelligence market is projected to reach $407 billion by 2027, with an annual growth rate of 37.3%, according to Forbes. “AI isn’t just hype,” stated Anders Billesø Beck, vice president for strategy and innovation at Universal Robots.

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Ultra-low voltage motor, motor drive industry growth driven by mobile robotics, increased flexibility

Control Engineering

billion by 2027, driven by demand from battery-driven applications and increased flexibility in manufacturing and logistics processes. Growth is particularly strong in North America and Asia, with China leading due to the mobile and industrial robotics sectors. By 2027, the ultra-low voltage motor market will be worth almost $6.5

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Top 10 Robotics Industry Thought Leaders to Follow on Social Media

Robotics Automation News

Robotics is one of the most еxciting and rapidly dеvеloping industries in the world. With nеw tеchnologiеs and applications еmеrging all thе timе, according to GlobeNewswire, it is еxpected that thе global robotics markеt will rеach US$86.20 billion by 2027.

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Components in industrial robot market worth more than $18bn by 2027

Manufacturing Tomorrow

• The components in industrial robots market was worth $10.5 Japan is currently the largest market for components in industrial robots, but China will catch up by 2027. billion in 2021. Drivetrain components accounted for 42% of key component revenues in 2022.