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Source: Comau If change is constant in technology, even established industrial automation providers must adapt to keep up. ” The Turin, Italy-based unit of Stellantis said it expects the market for automation to experience a 10% compound annual growth rate (CAGR) between 2022 and 2030, with an increase from 1.2 million by 2029.
This has affected sales of industrial automation components to machine builders and OEMs, including motion control products, said Interact Analysis. By 2029, sales of linear systems could exceed $1.1 For example, many automation companies, including Rockwell and Siemens , have partnerships with Planar Motor Inc.
The report also found that 61% of manufacturers expect artificial intelligence to drive growth by 2029, up from 41% in 2024. Zebra helps manufacturers work with technology in new ways to automate and augment workflows to achieve a well-connected plant floor where people and technology collaborate at scale.”
ANYbotics said this adoption “begins a new chapter in industrial automation and safety.” to reach $540 million by 2029, according to Market Intelligence Data. The Swiss firm happened to place the order for the 100th ANYmal and took delivery of the gold edition last month.
Bundy Group , an investment bank and advisory firm, provides an update on mergers & acquisitions and capital placement activity in the automation market. In addition, HFS added that these automation solutions “emerged as a key driver in helping companies survive the pandemic.” solutions.
This is despite the sluggish growth outlook for the overall industrial automation market. Beyond 2024, the overall outlook for the industrial automation and manufacturing sectors will improve, states the firm. percent between 2023 and 2029. percent year-on-year in 2024.
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