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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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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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Robot dog learns new tricks: Boston Dynamics unleashes Spot v4.1

Robotics Business Review

’s Spot robot has evolved to become more capable at facility inspection tasks. In that time, the quadruped robot as achieved greater autonomy and an ever-growing set of sensor payloads. The company recently upgraded the yellow, four-legged robot with several new features in its latest Spot operating system release.

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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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Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

Robotics Automation News

Sales in the global industrial robotics market are expected to total $33.75 percent during the forecast period 2022-2028. A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights. The […]

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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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Aerones raises $30 million to develop wind turbine maintenance robot

Robotics Automation News

Aerones, a Latvia-based company specializing in robot-enabled wind turbine maintenance and inspection, has secured $30 million in growth capital to scale its business globally. The capital will be used to help the Company meet surging demand in a market which is expected to reach $50 billion in value by 2028.

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