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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

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ARM Institute signs $35.4M DoD agreement to continue supporting U.S. manufacturing

Robotics Business Review

manufacturing through automation and workforce development through 2028. The renewed agreement also offers the Defense Department the option to renew the contract again for another five years after 2028, bringing the ARM Institute’s total possible investment to $70.4 million over 10 years.

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OCR Canada launches a new automation solution to try and streamline production processes

Canadian Manufacturing

TORONTO — OCR Canada, a provider of supply chain and logistics technology solutions, has announced the launch of its new industrial automation solutions, designed to help businesses optimize their production processes and increase efficiency. billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.8%

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The Connectivity Revolution: How the Emergence of 5G Networks Are Reshaping Manufacturing

21st Century Tech

From manufacturing to supply chain strategies and logistics, IoT sensors can harness the potential of 5G to create a connected, intelligent ecosystem, transforming the way companies operate. The immediate benefits for applications requiring automated or quick decision-making mean data delays are minimized and efficiencies gained.

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5 robotics trends to expect in 2024

Robotics Business Review

billion by 2028. ” Despite this growth, automated guided vehicles ( AGVs ) and AMRs have mostly found footholds in warehouses, where they can be used to transport goods to workers who will store them or pick individual items for order fulfillment. . Today, they’re a $20.3 The firm predicted it will grow to $40.6

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VasanthaTech Establishes US Operations in Cincinnati

Mold Making Technology

Reddy anticipates having up to 60 employees working at this facility by 2028. and Zahoransky Automation & Molds. ” In addition, VasanthaTech handles all the logistics of working with the Austria and India locations to manage the project and have the finished mold shipped to the U.S.

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ABB Unveils Smallest Industrial Robot with Class-leading Payload and Accuracy

i4.0 today

With its compact size, class-leading payload and unrivaled accuracy, the new IRB 1010 offers electronics manufacturers the opportunity to increase their production of devices including smart watches, earphones, sensors, and health trackers through automation. “ For more information, visit www.abb.com/robotics. go.abb/robotics.