Overall, the market for industrial robots components is expected to grow at a CAGR of 8.8 percent from 2022 to 2027. The global market for key components used in industrial robots reached $12.1 billion in 2022, a year-on-year increase of 14.7 percent, driven by production of collaborative and SCARA robots.
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Collaborative robots + AI + machine vision boost agricultural and manufacturing capabilities
The combination of AI and machine vision is generating more practical applications for collaborative robots (cobots), particularly in modern agricultural and manufacturing scenarios.
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Stimulus policies ‘improve outlook for China’s manufacturing output’
In order to better understand how China’s manufacturing industry is performing and its outlook for the future, we spoke with Interact Analysis Research Analyst, Samantha Mou.
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Motion controls market worth $18.9bn in 2023
Updated research by global market intelligence firm, Interact Analysis, shows that the motion controls market will return to steady growth, following a period of high demand for consumer products in 2021/2022 which boosted investment in automation. In 2022, the market was worth $17.7bn.
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Global manufacturing output set to grow by a mere 0.3 percent in 2024
Global market intelligence firm Interact Analysis recently made some revisions to its global manufacturing outlook forecast. According to the company’s latest research, the outlook for global manufacturing is bleak, and this looks set to continue throughout 2024 into early 2025.
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Interact Analysis breaks down Rockwell acquisition of Clearpath Robotics
As reported on these pages, Rockwell Automation has signed a definitive agreement to acquire Clearpath Robotics. Ash Sharma, Senior Research Director for Robotics and Warehouse Automation at market intelligence firm Interact Analysis, analyses this news.
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Semiconductor slump challenges global manufacturing growth; a weak 2024 beckons
Interact Analysis’ recent update to its manufacturing industry output tracker report shows that China continues to prop up the manufacturing economy, despite experiencing a rocky period of recovery.
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Components in industrial robot market worth more than $18bn by 2027
Updated research by Interact Analysis shows that revenues for the key components in industrial robots exceeded $10.5 billion in 2021, which has led the company to revise their forecasts upwards for the next 5 years.
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