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Global cobot market revenues exceed $1B in 2023; further growth expected until 2028

Automation Mag

According to a report by Interact Analysis, a market intelligence firm, the global collaborative robot market exceeded $1 billion in revenues during 2023, despite overall demand recovering more slowly than expected post-pandemic. The firm’s report shares that annual revenue growth for cobots was around 11.9

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Robotic surgery to benefit from advanced processors and AI, says AMD

Robotics Business Review

AMD said its processors enable robotic surgery such as with Intuitive Surgical’s da Vinci system. Source: AMD The need for robotic surgery is well established, but most systems are still costly to purchase, operate, and maintain, noted Advanced Micro Devices Inc.

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Interact Analysis predicts strong global cobot market growth

Robotics Business Review

Global cobot market revenues are set to increase at >20% a year from 2024 to 2028. Credit: Interact Analysis The global collaborative robot (cobot) market topped $1 billion in revenues during 2023, despite overall demand recovering more slowly than expected post-pandemic, according to new data from Interact Analysis.

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ABB Unveils Smallest Industrial Robot with Class-leading Payload and Accuracy

i4.0 today

Most accurate robot in class for 1.5 kg payloads for highest manufacturing quality, 50 percent higher payload than comparable robots on the market, Consumes 20 percent less energy using OmniCore E10 controller enabling manufacturers to improve energy efficiency, reduce costs.

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Q&A: Tim Dawson from Interact Analysis discusses global motion control trends

Automation Mag

Tim Dawson: The increased use of automation and robotics – driven by rising labour costs and general shortages of labour around the world – underpins the overall growth in demand for motion controls. This is particularly prevalent where collaborative and mobile robots are used with humans working close by.

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5G’s role in the adoption of enterprise augmented reality

Control Engineering

Instead, 53% of the respondents believed that there is more time to adjust to the changes 5G will bring, believing that the impact will start becoming relevant in 3 years’ time, evolving during a period that goes until 2028-2029. Figure 12: Case study Samsung Electronics summary. Robotics and Computer Integration Manufacturing , 58. [3]

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Perpetual Wisdom

Dinesh Mishra

This includes the adoption of automation, robotics, advanced materials, and digitalization to enhance efficiency and productivity. Lastly, the machine tool industry is diversifying into emerging areas such as electric vehicles, aerospace, electronics, and semiconductors. Billion by 2028, exhibiting a CAGR of 9.4% Industry 4.0