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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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Four Robotic Predictions for 2024: AI set to supercharge robotic automation

Gary Mintchell

I’m not in love with predictions and I realize January is about gone, but here are some thoughts I picked up from Anders Billesø Beck, VP of Innovation and Strategy at Universal Robots. But how will these trends impact robotics and automation and what can the manufacturing industry expect to see next year?

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4 ways robotics, AI will transform industry in 2024

Robotics Business Review

It’s time to reflect upon the trends from the past 12 months while looking ahead at what 2024 has in store for the world of robotics. But how will these trends impact robotics and what can the manufacturing industry expect to see next year? This image was created using Microsoft Bing Image Creator. The stand-out projected growth area?

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Global industrial robot market set for ‘steady’ 5-7 percent growth, predicts new forecast

Automation Mag

A recent Interact Analysis forecast predicts that the industrial robots market will continue to grow around five to seven percent until 2027. Despite this, long-term projections remain steady, with electric vehicle (EV) manufacturing and new energy-related applications fueling global demand for industrial robots.

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Mobile robot components market projecting strong growth

Control Engineering

Mobile robot insights Mobile robot component market growth fueled by demand for order fulfillment robots. US currently dominates the mobile robot component market, but China is set to become a strong rival. Shelf-to-person (S2P) robots currently dominate revenues due to Amazon’s strong influence on the market.

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CynLr raises Series A funding to realize robot vision for ‘universal factory’

Robotics Business Review

The CLX robotic vision stack was inspired by human eyesight. The Bengaluru, India-based company specializes in “visual object sentience,” robotics, and cybernetics. “With General Motors … they require one standard robot platform to handle 22,000+ parts for assembly of the vehicles,” Ramaswamy said.

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Global robot market growth projected to be steady

Control Engineering

Robotics insights Industrial robot revenues grew by 14.9% in 2022 thanks to long-term demand for industrial robots to be fueled by the electric vehicle (EV) manufacturing sector. Following a slow 2020 due to the pandemic, the industrial robot market enjoyed substantial growth in 2021, witnessing a year-on-year increase of 34.9%.