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Robotics and Automation in 2022 – Can They be a Hedge to Recession?

i4.0 today

In 2020, the European Commission proposed its ‘Industry 5.0’ Compared with the ‘Industry 4.0’ plan that has been discussed for around a decade, Industry 5.0 In Industry 4.0, Industry 5.0 in 2030 is expected to add more momentum to the cobot industry. For example, IDTechEx predicts an 8.8-fold

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Demand for Robot Vision System is Anticipated to Reach US$ 7,236.2 Million by 2033

i4.0 today

The market is expanding as a result of increased adoption of machine vision systems and the use of cognitive humanoid robots in end use industries such as automotive industry and others. CAGR between 2018 and 2022. million by 2033. The market witnessed 7.2% 2D type of vision system will dominate the market with US$ 1,794.5

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Industrial Robot Market Size is Expected to Reach US$ 23.2 Billion by the End of 2033

i4.0 today

Key Takeaways from Market Study The global industrial robot market is projected to grow 12.1% CAGR between 2018 and 2022 The industrial robot dominated the market with US$ 15,755.5 million valuations in 2022 Automotive under end use segment is expected to have market share of 20.3% and reach US$ 56,171.4

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

i4.0 today

But our seat at the top table is looking precarious as a result of our slow adoption of industrial automation. A record 517,385 new robots were installed in 2021 – an impressive 31% uplift from 2020.

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Back In Action: An MCMT Special

Dinesh Mishra

In this issue, we feature actionable insights from industry leaders on top growth opportunities and their offerings for this year’s biggest industry event The global Metal Cutting Machine Tools (MCMT) market size was valued at USD 76 billion in 2022, projected to grow at a CAGR of 4.8 technologies.