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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.

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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. Courtesy: Interact Analysis In 2022, China accounted for a 39.1% revenue share and 55.4%

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Robots-as-a-service creates opportunities, lowers automation adoption barriers

Control Engineering

million between 2020 and 2024, at a compound annual growth rate (CAGR) of 17%. The experts at market analysts ABI Research predict that there will be 1.3 million installations of RaaS by 2026 generating $34 billion in revenue. Meanwhile, a 2021 report from market analysts Technavio predicts that the RaaS market will grow by $832.77