article thumbnail

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 Packaging robots are adaptable machines designed to complete labor-intensive tasks more quickly, easily, and cost-effectively. Robots are capable of a wide range of tasks related to packaging, including picking and placing, boxing, palletizing, and warehousing.

article thumbnail

Global Robot Report Highlights UK’s Urgent Need to Increase Automation

i4.0 today

No longer the preserve of Asian powerhouses like China, Japan or the Republic of Korea, the recently published IFR World Robotics Industrial Robots 2022 report reveals that countries far closer to home such as Slovenia, Slovakia, Finland and Hungary are now outpacing the UK when it comes the adoption of robotics.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Collaborative robot market has strong long-term future

Control Engineering

Collaborative robot insights The collaborative robot (cobot) market dropped 20% in 2022 after a strong 2021, which led some to worry the market was heading for a downturn for the future. According to Interact Analysis’ ‘Global Collaborative Robot Market – 2023’ report, market revenue grew by 17.2% to 37,780 units.

article thumbnail

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.

article thumbnail

Top 5 Use Cases of AI in Manufacturing Value Chain

Dinesh Mishra

Similar techniques can also be used to predict weak demand periods and slow down manufacturing to prevent spoilage of products and increased warehousing costs. General Motors is one of the companies leveraging computer vision for the maintenance of its assembly robots.

article thumbnail

How automation and good jobs can co-exist

Control Engineering

In 2018, MIT convened its Task Force on the Work of the Future, which concluded in a 2020 report that while new technologies were not necessarily going to massively wipe out employment, smart practices and policies would be necessary to let automation complement good jobs. A lot of firms adopting robots actually hire more workers.

article thumbnail

Siemens Announces new Strategic Collaboration with Xerox® Elem™ Additive Solutions

Fabricating & Metal Work

In fiscal 2020, Siemens Group USA generated revenue of nearly $20 billion. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech.