article thumbnail

Packaging Robots Market to Worth US$ 7.5 Billion by 2032 at a CAGR of 7%

i4.0 today

The global packaging robots market is valued at US$ 3.8 billion by the end of 2032 and is forecasted to expand at a robust CAGR of 7% from 2022 to 2032, as per data released by Fact.MR, a market research and competitive intelligence provider. They come in different robot sizes, payloads, reaches, and mounting configurations.

article thumbnail

Cooperative Robots or Collaborative Robots – Similar Names, but IDTechEx Asks if They Are Different Opportunities?

i4.0 today

Collaborative robots, also commonly known as cobots, refer to robots that work side-by-side with human operators. Unlike industrial robots that are separated from human operators, cobots share the same working space as humans. or industrial robots. What Are the Pros and Cons of Cooperative Robots, and Why?

Insiders

Sign Up for our Newsletter

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

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. With the increasing likelihood of a global economic recession in 2023, many industries are struggling with increasing manufacturing cost, such as labor and raw material costs, and maintaining their profit margins.

article thumbnail

Edge AI market projecting strong growth; can 5G and IT help?

Control Engineering

billion by 2032, up from $5.9 By 2032, the market is expected to be worth $39.61 These smart gadgets are utilized for a variety of tasks, such as autonomous driving, smart farming, smart metering, and robot-assisted surgery. Edge AI market insights The edge AI market is projected to grow at a CAGR of 20.8%, reaching $39.61

article thumbnail

Advantech Showcases Latest Product Innovations at SPS Italia

i4.0 today

There will be six thematic areas with interactive demos where visitors can learn more on specific topics and speak to specialist staff – in order to better understand how the technology shown aligns with their own industrial automation plans.

article thumbnail

IDTechEx Explore Key 5G Trends to Watch Out for from 2023 Onwards

i4.0 today

With its high throughput and ultralow latency, 5G can tap into a variety of high-value areas such as 3D robotic control, digital twin, remote medical control, and so on that previous mobile communication technologies could not, hence opening up an entirely new market potential. Today Magazine.