COVID-19 To Reduce 2020 Industrial Robot Revenue By >8%, Followed By A Rapid Growth To Return From 2021
After a weak 2019, we originally expected the 2020 robot market to recover strongly, but COVID-19 changed the market revenue growth forecast from 4.8% to -3.6%. In the long run, the pandemic will accelerate existing trends for industrial automation
The advancements in mobile robots technology have enabled manufacturers to develop robots suitable to their operational needs and carry out their implementation for their applications.
Rapid proliferation of industry 4.0 technologies is likely to drive SCADA market. The market is expected to witness a robust growth rate on account of increasing adoption of automation technologies by manufacturing, utility, and oil & gas industries.
Robotic End of Arm Tools (EOAT) Market Size will Grow at a Lucrative CAGR of 10% by 2028, Fact.MR Study
A recent research study by Fact.MR estimates global sales of robotic end of arm tools (EOAT) to surpass US$ 2,000 Mn in 2019, up from US$ 1, 900.3 Mn in 2018. This growth in sales can be attributed to the ever-evolving demand of industrial ecosystems for high productivity.
Over the period of time we have strived to upgrade technologies in order to make our lifestyle more comfortable. We have introduced automation and robotics in order to reduce the manual labor required in manufacturing and production industries.
The trend of investment in and acquisition of mobile robotic companies seeking to automate the movement of goods within warehouses, fulfillment centers, and manufacturing facilities is still rising. Only in recent months, IDTechEx has seen three notable activities.
Robotics Industry Set for Seismic Change as Growth Shifts from Fixed Automation to Mobile Systems in Enterprise
By 2022, the burgeoning mobile robotics space will start to overtake the traditional industrial robotics market. Currently, mobile autonomy is concentrated in material handling within the supply chain, but mobile robots are set to touch every sector of the global economy for a wide range of use-cases.
New 2019 cobot market report from Interact Analysis reveals: • The growth rate of collaborative robots is leading the robotics industry • Logistics will surpass automotive to be the second largest end user of cobots by 2023, with electronics in first place • In the next five years, the fastest growing regions for collaborative robot shipments will be China and the USA
A 250-Billion-Dollar Revolution: IDTechEx Research Looks at Mobile Robots and Autonomous Vehicles in Delivery and Fulfillment
e-commerce is changing the way warehouses are constructed and operated. One way or another, warehouses must become more adept and efficient in handling multi-item instant order fulfillment. The use of automation is an essential part of the answer to this requirement.
Worcester Polytechnic Institute Researcher Leads $2.5 Million Study to Develop New Robotics for Recycling Centers
The aim is to develop robotics technology that could be deployed at waste recycling facilities to make them more efficient, but also to improve conditions for workers who sort mixed recyclables by hand.
In a new twist on human-robot research, computer scientists at the University of Bristol have developed a handheld robot that first predicts then frustrates users by rebelling against their plans, thereby demonstrating an understanding of human intention.
Sales of industrial robots in India reached a new record of 4,771 new units installed in 2018. That is an increase of 39 percent compared to the previous year (2017: 3,412 units).
The food & beverage industry will provide attractive growth potential to the market. The Automated Guided Vehicles (AGVs) or Automated mobile Robots (AMR) are highly suitable for materials shifting operations in the food manufacturing companies.
The Collaborative Robot Market Will Exceed US$11 Billion by 2030, Representing 29% of the Total Industrial Robot Market
"The hardware innovation is still trailing behind, and most of the value related to cobots does not come from collaboration. It comes through ease-of-use, re-programmability, lower total cost compared to industrial systems, and re-deployability.
RobotUnion offers a total of 4M€ in equity-free funding in two open calls for startups and SMEs within the framework of the Horizon 2020 program funded by the European Commission.
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FAULHABER MICROMO launches the new MC3/MCS motion control family. The new high performance, intelligent controllers are optimized for use with FAULHABER motors, offer electronics for simple operation with state-of-the-art interfaces for multi-axis applications, and provide a motion control system solution with the most compact integration into industrial grade housing.