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The demand, according to Future Market Insights, will lead to substantial growth over the next decade, projecting to reach almost $70 billion by 2032. billion by 2032. billion by 2032. The post Robotic process automation market projected to reach $70 billion by 2032 appeared first on Control Engineering.
Motor and drive insights The induction motor market is expected to reach more than $40 billion globally by 2032. The need for induction motors is expected to rise as the electric vehicle (EV) sector grows because manufacturers are turning to them for their low maintenance requirements. billion in 2032. billion by 2032.
Collaborative robot market insights Collaborative robot market penetration to surpass 20% by 2032. According to updated research by market intelligence firm Interact Analysis, the collaborative robot (cobot) market will enjoy modest growth out to 2032, with annual growth rates sitting at around 20%. recovery taking slightly longer.
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