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Industrial robot shipments exceed 500,000 units in 2023

Robotics Business Review

The industrial robot market is expected to grow by ~3.7% per year between 2024 and 2028. Source: Interact Analysis Overall global industrial robot shipment volumes exceeded 500,000 units in 2023, Interact Analysis reports. Interact Analysis expects the global industrial robot market to grow on average by 3.7%

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5 robotics trends to expect in 2024

Robotics Business Review

2024 could be a year of building robotics momentum. Source: Adobe Stock 2023 was a year of great change within the robotics industry. We’ll see ripple effects from the latest booms in artificial intelligence and humanoid robots for years to come. Here are five robotics trends that we think will take center stage in 2024.

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

Automation Mag

According to a report by Interact Analysis, a market intelligence firm, the global collaborative robot market exceeded $1 billion in revenues during 2023, despite overall demand recovering more slowly than expected post-pandemic. The firm’s report shares that annual revenue growth for cobots was around 11.9

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

Robotics Business Review

AMD said its processors enable robotic surgery such as with Intuitive Surgical’s da Vinci system. Source: AMD The need for robotic surgery is well established, but most systems are still costly to purchase, operate, and maintain, noted Advanced Micro Devices Inc.

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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. Credit: Interact Analysis The global collaborative robot (cobot) market topped $1 billion in revenues during 2023, despite overall demand recovering more slowly than expected post-pandemic, according to new data from Interact Analysis.

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AMD announces Embedded+ architecture to accelerate edge AI

Robotics Business Review

Source: Advanced Micro Devices Robots and other smart devices need to process sensor data with a minimum of delay. In the two years since it acquired Xilinx, AMD said it has seen increasing demand for AI in industrial/manufacturing, medical/surgical, smart-city infrastructure, and automotive markets. billion by 2028, he explained.

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

Automation Mag

According to a report from Interact Analysis, a global market research firm, overall global industrial robot shipment volumes exceeded 500,000 units in 2023. According to the report, this number is similar to that seen in 2022 but the average price of industrial robots decreased in 2023. percent per year between 2024 and 2028.