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

Car output slips in October as UK and EU markets stall

SMMT

3 If planned UK zero emission model launches stay on track and consumer demand improves, there is potential to get above one million units in 2028. Mike Hawes, SMMT Chief Executive, said, These are deeply concerning times for the automotive industry, with massive investments in plants and new zero emission products under intense pressure.

Insiders

Sign Up for our Newsletter

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

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 117
article thumbnail

Interact Analysis predicts strong global cobot market growth

Robotics Business Review

Global cobot market revenues are set to increase at >20% a year from 2024 to 2028. Looking to the future, the market intelligence specialist predicts the global market for cobots will see a 22% increase in shipments during 2024 and anticipates similar levels of growth (>20%) each year through 2028.

Robotics 112
article thumbnail

Turning UK auto investment into concrete reality

SMMT

As automotive manufacturers across the UK set about retooling their factories to build a new generation of electrified models, it’s encouraging to see the tough job of turning last year’s massive investment announcements into reality is underway.

article thumbnail

3D Electronics: A New Frontier of Product Differentiation

i4.0 today

IME is being commercialized in a few consumer and industrial products ahead of what is anticipated to be the bigger mid-term opportunity: IME adoption in the automotive sector. The initial focus was on IME parts to replace mechanical switches with capacitive switches, particularly for automotive (dashboard switches).

article thumbnail

Global automotive plastics market boosted by need to minimize CO2 emissions

Canadian Manufacturing

Global Automotive Plastics Market Boosted by the Need to Minimize CO2 Emissions. The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. billion by 2028 from $31.29