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Robotic process automation market projected to reach $70 billion by 2032

Control Engineering

Robotic process automation insights. The demand is increasing for robotic process automation in healthcare, as robotic process automation can mimic human interaction. The demand, according to Future Market Insights, will lead to substantial growth over the next decade, projecting to reach almost $70 billion by 2032.

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Packaging Robots Market to Worth US$ 7.5 Billion by 2032 at a CAGR of 7%

i4.0 today

The global packaging robots market is valued at US$ 3.8 billion by the end of 2032 and is forecasted to expand at a robust CAGR of 7% from 2022 to 2032, as per data released by Fact.MR, a market research and competitive intelligence provider. They come in different robot sizes, payloads, reaches, and mounting configurations.

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LOXO expands into Germany with self-driving logistics subsidiary

Robotics Business Review

billion in 2023 and projected to surpass $504 billion by 2032, has enormous untapped potential,” asserted LOXO. It said it aims to further integrate its vehicles into the supply chain and advance the state of commercial vehicle automation.

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Application scenarios key to collaborative robot market success

Control Engineering

Collaborative robot market insights Collaborative robot market penetration to surpass 20% by 2032. collaborative robot market will take a while longer. Universal Robots retains the lion’s share of the global cobot market. Out to 2027, shipments of collaborative robots in EMEA will decrease from 19.5%

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Robotics and Automation in 2022 – Can They be a Hedge to Recession?

i4.0 today

Robotics and automation have significantly revolutionized how people work and live across a number of industries. The robotics and automation sector provides solutions to mitigate the issue by reducing operational costs and increasing production efficiency. Collaborative Robots (Cobots) Will be in Their Prime Time Within Ten Years.

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Advantech Showcases Latest Product Innovations at SPS Italia

i4.0 today

As well as augmenting system capabilities, it means neither system integrators nor end users face supply chain problems.” The company is committed to use 100% renewable energy in its factories by 2032, and to increase its energy efficiency by 87% by 2030.

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Automation mergers, acquisitions, capital markets analysis: September 2022

Control Engineering

To further the point, the automated material handling systems market is projected to grow to $70 billion by 2032, which is a 2022 – 2032 compounded annual growth rate of 9.4%.(1). Accenture (NYSE: ACN) has agreed to acquire Inspirage, an integrated supply chain specialist firm focused on Oracle technology. Learn more.