Commercial and industrial robotics market to see ‘rapid growth’ over the next eight years, says report

The commercial and industrial robotics market is expected to see rapid growth over the next eight years, according to the latest forecasts from ABI Research.

Different research companies segment the robotics and automation industry in different ways, so it’s up to readers to decide how to piece together the various reports to build up a complete picture.

But according to ABI Research, what it calls the “commercial and industrial robotics market” will see revenues increase from $15 million in 2017 to over $48 million in 2025.  Continue reading Commercial and industrial robotics market to see ‘rapid growth’ over the next eight years, says report

Massachusetts robotics companies employed 4,700 workers and generated $1.6 billion in revenue

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Massachusetts Robotics Cluster report identifies “world-class companies and research centers driving innovation”, outlines opportunities for future growth

New research released today by the Massachusetts Technology Collaborative cites 122 companies that now comprise the Commonwealth’s robotics cluster and that these firms employed over 4,700 workers and generated over $1.6 billion in revenue in 2015 alone.

The report also identified 33 new robotics startups that were created in Massachusetts over the past five years, an increase of 31 percent.

In addition to an assessment of the current state of the industry, the Massachusetts Robotics Cluster Report also outlines the key robotics sub-sectors where the Commonwealth is taking a global leadership role, including marine robotics, ecommerce logistics technologies, and collaborative robotics.  Continue reading Massachusetts robotics companies employed 4,700 workers and generated $1.6 billion in revenue