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

Robotics Business Review

The ARM Institute supports workforce development and robotics adoption. Source: Adobe Stock The Advanced Robotics for Manufacturing, or ARM, Institute today announced that the continuation of its cooperative agreement with the U.S. manufacturing through automation and workforce development through 2028. competitiveness.

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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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Will autotech ventures race east in 2024?

Robotics Business Review

Source: LinkedIn As The Robot Report reported last October, one of the biggest autotech stories of the year was the stalling of Cruise after California’s Department of Motor Vehicles suspended its driverless testing license. According to Markets & Markets , uncrewed forklift technology could grow to more than $8 billion worldwide by 2028.

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

i4.0 today

Most accurate robot in class for 1.5 kg payloads for highest manufacturing quality, 50 percent higher payload than comparable robots on the market, Consumes 20 percent less energy using OmniCore E10 controller enabling manufacturers to improve energy efficiency, reduce costs. Robot Control Mate makes programming simple.

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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. 5G is 250 times more responsive which is an important advantage for an autonomous robot or vehicle. When will we see 6G deployed?