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Outlook for Automation in 2024

Mold Making Technology

To summarize, the year 2023 witnessed global political unrest, supply chain disruptions, and rising interest rates, leading many businesses to delay investments and save cash. The uncertainty is expected to persist in 2024, with The Economist describing it as a "second cold war" and "multipolar disorder."

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New Year, New Popular Articles from MoldMaking Technology

Mold Making Technology

Source: (top left) Boucherie, (top right) TK Mold & Engineering, (bottom left) Emuge-Franken, (bottom right) Plastic Ingenuity The top ten most-viewed articles in January were not only a testament to what our readers took an interest in—they reflect what is trending in our small but mighty world of moldmaking. Dapra Corp.,

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Digital Transformation Forum to help manufacturers boost competitiveness, efficiency

Robotics Business Review

Key drivers of this technology step change include the need to reduce operating expenses and improve efficiency, all while facing a skills shortage and a lack of visibility across the supply chain. Learn from Agility Robotics, Amazon, Disney, Teradyne and many more.

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Global robot market growth projected to be steady

Control Engineering

Robotics insights Industrial robot revenues grew by 14.9% in 2022 thanks to long-term demand for industrial robots to be fueled by the electric vehicle (EV) manufacturing sector. Following a slow 2020 due to the pandemic, the industrial robot market enjoyed substantial growth in 2021, witnessing a year-on-year increase of 34.9%.

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Components in industrial robots market forecasting strong growth

Control Engineering

The global market for key components used in industrial robots reached $12.1 billion in 2022, a year-on-year increase of 14.7%, driven by production of collaborative and SCARA robots. The growth of the components market will likely slow down over time, as the robot market matures and stabilizes. from 2022 to 2027. respectively.

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Application scenarios key to collaborative robot market success

Control Engineering

Collaborative robot market insights Collaborative robot market penetration to surpass 20% by 2032. collaborative robot market will take a while longer. Universal Robots retains the lion’s share of the global cobot market. Out to 2027, shipments of collaborative robots in EMEA will decrease from 19.5%

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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