Despite short-term challenges, the long-term outlook for the global manufacturing industry is positive, according to market intelligence firm Interact Analysis.
READ MORE
The global market for precision gearboxes and geared motors used in mobile robots is predicted to have a CAGR of 45.9 percent out to 2028. This large growth will far outperform the wider automation market. Planetary precision gearboxes and geared motors will be the gearbox with the largest growth.
READ MORE
Overall global industrial robot shipment volumes exceeded 500,000 units in 2023, according to global market research firm Interact Analysis.
READ MORE
The global collaborative robot (cobot) market topped $1 billion in revenues during 2023, despite overall demand recovering more slowly than expected post-pandemic, according to new data from Interact Analysis.
READ MORE
The overall outlook for global manufacturing is challenging for this year, with many companies reporting a decline in orders and most regions expected to see a contraction.
READ MORE
Just before Hanover Messe, Siemens announced its cooperation with two collaborative robot vendors, UR and JAKA. This will enable Siemens PLCs to control robots from UR and JAKA through the TIA Portal using the ‘Standard Robot Command Interface (SRCI)’ function.
READ MORE
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.
READ MORE
The combination of AI and machine vision is generating more practical applications for collaborative robots (cobots), particularly in modern agricultural and manufacturing scenarios.
READ MORE