Control Engineering
AUGUST 30, 2022
For the third-straight quarter, robot sales in North America hit a record high, driven by a resurgence in sales to automotive companies and an ongoing need to manage increasing demand to automate logistics for e-commerce. The market grew 26% and 29% for units ordered and revenue, respectively, over 2021.
Control Engineering
DECEMBER 4, 2022
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.
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Control Engineering
NOVEMBER 9, 2022
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. In June 2021, FPT Software announced its partnership with Sitecore, a U.S.-based In June 2021, Kofax Inc.
Control Engineering
DECEMBER 15, 2022
Logistics mobile robot revenues to exceed 1 million by 2027. 2021 saw 100,000 mobile robots shipped globally, generating 35% revenue growth. Effectively, 2021 was benefitting from that slow start to 2020. The inevitable result of this was that most of the revenues from these orders shifted into early 2021. Final thoughts.
Control Engineering
JUNE 28, 2023
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. The market cooled slightly in 2022 but still expanded, registering 11.9% unit shipment and 14.9%
Control Engineering
APRIL 26, 2023
Learning Objectives Motion control advances, robotics help warehousing, distribution centers and logistics in factories, as shown by ProMat 2023 exhibitors. With 562,700 net square feet of exhibits (more than 1000 booths), covering 1.2
Control Engineering
FEBRUARY 9, 2023
The combined market share of the top 10 and top 20 leading vendors barely changed between 2018 and 2020 and indeed dropped in 2021. As shown in the figure below, the top 10 vendors of mobile robots, captured just 36% of total industry revenues in 2021. Overall revenue growth rates for vendors ranged from ~150% to negative 50% in 2021.
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