Remove 2024 Remove Article Remove Logistics Remove Supply Chain
article thumbnail

Application scenarios key to collaborative robot market success

Control Engineering

The logistics industry will also play an important role in this growth trajectory. and European collaborative robot market as a result of inflation and ongoing supply chain disruptions. manufacturing downturn expected in 2024. However, the CAGR for the Americas region will sit at 25.8%, and at 28.2%

article thumbnail

Top trends in 2024: Experts share key automation trends for Canadian manufacturers in 2024

Automation Mag

As manufacturers plan for 2024, industrial automation continues to evolve rapidly, driven by advancements in artificial intelligence, robotics, IoT (Internet of Things) and data analytics. As McKinsey and Company stated in January 2024, “AI could contribute to the manufacturing sector a whopping annual impact ranging from $1.2

Insiders

Sign Up for our Newsletter

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

article thumbnail

Global robot market growth projected to be steady

Control Engineering

Global economic volatility and supply chain disruptions are having a huge impact on the market for industrial robots, which has led to project delays and decreased spending on automation projects. Interact Analysis forecasts that the Chinese market will account for over 60% of industrial robot unit shipments from 2024.

article thumbnail

8 digital transformation trends driving the future of the industry

Nexus Integra

In addition, by 2024 industrial companies will reduce operating costs by 30%, by combining self-management technologies with redesigned operational processes and by 2025, more than 50% of companies will use a cloud option distributed in the location of their choice, which that will allow innovative and transformative business models.

article thumbnail

Key Trends and Takeaways: Industrial and Collaborative Robots

Control Engineering

Supply chain constraints lingering from the COVID-19 pandemic as well as the ongoing energy crisis precipitated by the war in Ukraine will continue to put pressure on the market. Moving to the West, North America is troubled by inflation and supply chain problems.

article thumbnail

Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

Table of Contents Everything Electrified and Connected All at Once: New Challenges Facing Supply Chains, Best Practices and Lessons Learned Cybersecurity Threats in the Manufacturing Industry The New Era of U.S. Miller | vmiller@foley.com Nicholas J. With these changes comes the need for new technologies.

article thumbnail

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%. This has become especially critical because of the restrictions and challenges posed by the pandemic and related supply chain shortages.”. The experts at market analysts ABI Research predict that there will be 1.3