article thumbnail

Industrial robot components market report: Anticipated 8.8 percent annual growth forecasted until 2027

Automation Mag

A recent Interact Analysis report finds that the global market for key components used in industrial robots reached $12.1 percent year-on-year increase was driven by the production of collaborative and SCARA robots. Overall, the market for industrial robots components is expected to grow at a CAGR of 8.8 billion in 2022.

Robotics 118
article thumbnail

Industrial robot market to grow 5-7% out to 2027

Robotics Business Review

The post Industrial robot market to grow 5-7% out to 2027 appeared first on Robotics Business Review. Interact Analysis predicts this long-term growth will be mostly driven by demand from the electric vehicle (EV) manufacturing industry.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Components in industrial robot market worth more than $18bn by 2027

Manufacturing Tomorrow

• The components in industrial robots market was worth $10.5 Japan is currently the largest market for components in industrial robots, but China will catch up by 2027. billion in 2021. Drivetrain components accounted for 42% of key component revenues in 2022.

article thumbnail

Top 10 Robotics Industry Thought Leaders to Follow on Social Media

Robotics Automation News

Robotics is one of the most еxciting and rapidly dеvеloping industries in the world. With nеw tеchnologiеs and applications еmеrging all thе timе, according to GlobeNewswire, it is еxpected that thе global robotics markеt will rеach US$86.20 billion by 2027.

Robotics 111
article thumbnail

Four Robotic Predictions for 2024: AI set to supercharge robotic automation

Gary Mintchell

I’m not in love with predictions and I realize January is about gone, but here are some thoughts I picked up from Anders Billesø Beck, VP of Innovation and Strategy at Universal Robots. But how will these trends impact robotics and automation and what can the manufacturing industry expect to see next year?

Robotics 130
article thumbnail

Ultra-low voltage motor, motor drive industry growth driven by mobile robotics, increased flexibility

Control Engineering

billion by 2027, driven by demand from battery-driven applications and increased flexibility in manufacturing and logistics processes. Growth is particularly strong in North America and Asia, with China leading due to the mobile and industrial robotics sectors. By 2027, the ultra-low voltage motor market will be worth almost $6.5

Robotics 124
article thumbnail

ABB predicts top US robotics trends

Robotics Automation News

With annual revenue in the US robotics market expected to grow at 5.62 percent, resulting in a market volume of over $9 billion by 2027, John Bubnikovich, president of ABB US Robotics Division, is making several predictions on key trends in in robotics automation in the US for 2023 and beyond.