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 Packaging robots are adaptable machines designed to complete labor-intensive tasks more quickly, easily, and cost-effectively. Robots are capable of a wide range of tasks related to packaging, including picking and placing, boxing, palletizing, and warehousing.

article thumbnail

ABB Announces Rebrand of its Autonomous Mobile Robot Portfolio

Fabricating & Metal Work

ABB has launched its first range of rebranded Autonomous Mobile Robots (AMRs) following its acquisition of mobile robot leader ASTI Mobile Robotics in 2021. Since adding AMRs to its portfolio, ABB is the only company with a comprehensive and integrated offering of robots, AMRs and machine automation solutions. “At

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Areas Manufacturers Might See an Impact from AI

Fabricating & Metal Work

AI’s image recognition algorithms can analyze images of products on the assembly line to identify defects that the human eye is unable to detect. It enables forecasting of consumer demand for every SKU, and its unique ability to engage in near-term demand sensing lets you create forecasts based on current supply chain conditions.

article thumbnail

AI in Manufacturing: Transforming Efficiency, Sustainability, and Tomorrow

MEM

Consider a smartphone assembly line, where thousands of components come together. Supply Chain Optimization in Automotive Manufacturing In the automotive manufacturing sector, supply chain efficiency is paramount. AI is a key player in optimizing the entire supply chain. The result?

article thumbnail

Tomorrow’s Shop Floor: The Role of AI in Modern Manufacturing 

iBASEt

Robotic Process Automation (RPA) was the industry’s early foray into automation, carrying out repetitive tasks with precision but lacking in adaptability. Complementing these robots were expert systems, designed to follow pre-set rules without deviation. A 2023 McKinsey report highlights the widespread adoption of AI tools.

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

The latest developments in fast food automation

Motion Control Tips

But with labor shortages and supply chain issues still plaguing the economy, how can businesses compete and survive? The fast-food industry is all about tasty food at low prices with cheerful customer service — all delivered fast.