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Automotive industry likely to continue leading robotics growth, says A3

Robotics Business Review

Automotive manufacturing will continue to drive North American robotics adoption, says A3. Source: ABB The Association for Advancing Automation, or A3, today released its quarterly and end-of-year report on robot orders in North America for 2023. Burnstein: The automotive industry in the U.S. The Ann Arbor, Mich.-based

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Veteran tech exec Peggy Johnson named Agility Robotics CEO

Robotics Business Review

Agility Robotics kicked off the week by naming Peggy Johnson its chief executive officer. Agility Robotics co-founder Damion Shelton has served as CEO since the company’s founding in 2015. . With Peggy at the helm, Agility can bring robotics to new heights.” In May 2023, the company named Melonee Wise CTO.

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

i4.0 today

The global robot vision system market is likely at US$ 2,690.4 million in 2023 and expected to grow at a CAGR of 10.4% during the forecast years of 2023-2033. In order to improve job efficiency and replace human labour, the market for robots is rising and is anticipated to rise more during the coming year.

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Accenture invests in humanoid maker Sanctuary AI

Robotics Business Review

Accenture Ventures announced a strategic investment in Sanctuary AI , one of the companies developing humanoid robots. The Robot Report reached out to Sanctuary to learn more about the investment but hadn’t heard back at press time. In December 2023, the company announced the acquisition of intellectual property from Giant.AI

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

i4.0 today

The global Industrial robot market is likely at US$ 17,925 million in 2023 and expected to grow at a CAGR of 12.1% during the forecast years of 2023-2033. Robot market is emerging and also expected to witness greater growth over the forecast year as to increase the efficiency of work and replace human labor.

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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.

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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.