article thumbnail

Application scenarios key to collaborative robot market success

Control Engineering

. “Collaboration” between humans and robots is now widely accepted so robot manufacturers suggest that the key to future success will be their ability to scale up production and develop new application scenarios. The logistics industry will also play an important role in this growth trajectory.

article thumbnail

Robots are becoming more flexible and resilient

Control Engineering

Industries that stand to benefit the most include food and beverage, pharmaceutical, manufacturing, logistics and construction as companies are trying to fill labor shortages to keep operations running efficiently. to 2030 to reach a value of more than $88 billion.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mobile robot shipments grow in 2022

Control Engineering

Logistics mobile robot revenues to exceed 1 million by 2027. This represented a major rebound from 2020 which had seen order intake plummet, particularly during the first half. Effectively, 2021 was benefitting from that slow start to 2020. We forecast an installed base of over 4 million mobile robots by the end of 2027, 1.5

article thumbnail

Global robot market growth projected to be steady

Control Engineering

In the long term, demand from new EV manufacturing lines and from service sectors such as intra-logistics will further fuel the market, resulting in an average growth rate of 5 to 7%, which is much higher than the pre-COVID period.

article thumbnail

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

Control Engineering

Robotic process automation acts as a virtual workforce which benefits the logistics companies to streamline operations like scheduling and tracking shipments, invoice generation, report, and customer service. Other key developments in the global market include: In August 2020, OnviSource, Inc.

article thumbnail

When will the mobile robot vendor base consolidate?

Control Engineering

The combined market share of the top 10 and top 20 leading vendors barely changed between 2018 and 2020 and indeed dropped in 2021. Other potential buyers could be retailers or logistics companies (a lá Amazon/Kiva) or larger warehouse automation system integrators (the likes of Dematic or Honeywell Intelligrated).

article thumbnail

Machine vision, automation streamline logistics and warehousing operations

Control Engineering

Autonomous mobile robots (AMRs) and automated guided vehicles (AGVs) used machine vision and sensing technologies to move around freely and a key part around automation when it comes to logistics. Worldwide, 131 billion parcels were shipped in 2020, according to the 2021 Pitney Bowes Parcel Shipping Index.