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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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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%

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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.

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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.

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Six months of growth for UK car production

SMMT

If we are to attract further investment and produce the next generation of zero emission models and technologies, we need a coherent strategy that builds on our strengths and supports all aspects of advanced automotive manufacturing.

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Fast-Charging EV Battery Technology Getting Near

Gary Mintchell

” Through its ‘100inX’ product roadmap, StoreDot’s battery technology is delivering ‘Range on DemandTM’: 100 miles charged in 5 minutes in 2024, 100 miles charged in 4 minutes in 2026 and 100 miles charged in 3 minutes by 2028. StoreDot is on target for mass production readiness of 100in5 technology by 2024.

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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