Remove 2027 Remove Discrete manufacturing Remove Robotics Remove Supply Chain
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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.

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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. The pandemic helped to fuel demand for the robotics industry as companies turn to automation as a way of alleviating labor shortages.

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Mobile robot shipments grow in 2022

Control Engineering

The mobile robot market (AGVs and AMRs) has enjoyed strong growth in 2022, driven by increasing e-commerce penetration, a lack of labor and on-going shifts to more flexible manufacturing. Although the mobile robot market is now well established, and arguably quite mature in some respects, growth shows no signs of slowing any time soon.

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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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U.S. manufacturing stimulus expected to generate steady growth

Control Engineering

Recent announcements include GM and Samsung SDI unveiling plans to invest $3bn in a joint venture EV battery manufacturing plant in the US. We are predicting year-on-year growth will remain below 10% in the medium-term with a shallow recession in 2024 and the growth rate failing to recover to 2022 levels out to 2027.