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

Mobile robot component market growth due to greater investment, technology advances

Control Engineering

Robotics insights The mobile robot component market is set to have a projected value of more than $7 billion by 2027 thanks to increased use in manufacturing and non-manufacturing industries. Brianna Jackson, a market research analyst for Interact Analysis, said the mobile robot industry is still quite young compared to others.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Collaborative robot market has strong long-term future

Control Engineering

Collaborative robot insights The collaborative robot (cobot) market dropped 20% in 2022 after a strong 2021, which led some to worry the market was heading for a downturn for the future. According to Interact Analysis’ ‘Global Collaborative Robot Market – 2023’ report, market revenue grew by 17.2% to 37,780 units.

article thumbnail

Robotics and Automation in 2022 – Can They be a Hedge to Recession?

i4.0 today

Robotics and automation have significantly revolutionized how people work and live across a number of industries. The robotics and automation sector provides solutions to mitigate the issue by reducing operational costs and increasing production efficiency. Collaborative Robots (Cobots) Will be in Their Prime Time Within Ten Years.