Remove 2028 Remove Manufacturing Remove Robotics
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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. percent in 2023, despite a challenging year for manufacturing, tough economic conditions, and supply chain issues.

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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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Robotic drilling market projected to grow to more than $8 billion

Robotics Automation News

The size of the robotic drilling market is expected to be worth $8,025.65 million in 2028, growing at a compound annual growth rate of 7.5 percent from 2021 to 2028, according to new research by Adroit Market Research.

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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. Department of Defense’s Manufacturing Technology Program. million over 10 years.

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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 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.

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500,000+ industrial robots shipped in 2023: Interact Analysis

Automation Mag

Overall global industrial robot shipment volumes exceeded 500,000 units in 2023, marking a low point in terms of revenues and shipments, according to global market research firm Interact Analysis. per year between 2024 and 2028, in line with global manufacturing output figures.