Remove 2028 Remove Automation Remove Automotive
article thumbnail

Global cobot market revenues exceed $1B in 2023; further growth expected until 2028

Automation Mag

The firm predicts that the global market for cobots will see a 22 percent increase in shipments during 2024 and anticipates similar levels of growth (more than 20 percent) each year through to 2028. The firm’s report shares that annual revenue growth for cobots was around 11.9

article thumbnail

Industrial robot shipments exceed 500,000 units in 2023

Robotics Business Review

per year between 2024 and 2028. The average price per unit of an industrial robot is on a downward trajectory, following a rise for two consecutive years, and we expect a price decline of around 3% per year between 2024 and 2028. per year between 2024 and 2028. The industrial robot market is expected to grow by ~3.7%

Robotics 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AMD announces Embedded+ architecture to accelerate edge AI

Robotics Business Review

In automated systems, sensor data has diminishing value with time and must operate on the freshest information possible to enable the lowest-latency, deterministic response,” stated Chetan Khona, senior director of industrial, vision, healthcare, and sciences markets at AMD, in a release. billion by 2028, he explained.

Robotics 126
article thumbnail

Denso to construct ‘24-hour unmanned’ facility in Japan

Robotics Automation News

Japanese automotive components giant Denso says it will build a new, “24-hour unmanned” facility in Nishio City, Aichi Prefecture, by expanding the site of its Zenmyo Plant. Construction will start in the first half of 2025 and will be completed in January 2027, with production slated to start in the first half of 2028.

article thumbnail

Global industrial robot shipment exceeded 500,000 in 2023, finds Interact Analysis report

Automation Mag

percent per year between 2024 and 2028. Interact Analysis notes that looking at the market by industry and region, sales of industrial robots to the automotive industry in the Americas faced significant pressure in 2023. The global industrial robot market is expected to grow on average, by 3.7

article thumbnail

Robotic surgery to benefit from advanced processors and AI, says AMD

Robotics Business Review

and that number could reach 1 million in 2028, according to the National Library of Medicine (NLM). They’re used in industrial automation, automotive, gaming, servers and data centers, and increasingly in healthcare.” In 2021, almost 644,000 robotic surgeries were performed in the U.S.,

Robotics 127
article thumbnail

5 robotics trends to expect in 2024

Robotics Business Review

” Robots get out of the warehouse and into new roles Robots have come a long way from being used almost exclusively for automotive manufacturing. billion by 2028. Now they’re working in warehouses , grocery stores, fast food restaurants, and more. Today, they’re a $20.3 billion industry, according to Markets & Markets.

Robotics 141