Robotics & Automation News

Market trends and business perspectives

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Revenues from robotics implemented in retail stores to cross $8.4 billion by 2030

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As the world emerges from the global pandemic, retail is growing at levels not seen in the last two decades. Retail sales grew by 7 percent in 2020 and by over 14 percent in 2021, which is in stark contrast to the 3.7 percent annual growth between 2010 and 2019.

The increased demand for retail has put a strain on supply chains and retail operations worldwide. As a result, retailers and stakeholders are turning to automation solutions such as mobile robotics for operational ease.

According to global technology intelligence firm ABI Research, worldwide commercial robot revenue in retail stores will have a Compounded Annual Growth Rate (CAGR) of over 25 percent from 2022 to 2030 and exceed $8.4 billion by 2030. [Read more…] about Revenues from robotics implemented in retail stores to cross $8.4 billion by 2030

Massive growth predicted for robotic last-mile delivery

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Worldwide robotic last-mile delivery revenues are forecasted to grow from $70 million in 2022 to $670 million in 2030.

This is according to new research from global technology intelligence firm ABI Research.

Furthermore, the value of those parcels delivered by autonomous mobile robots could reach $3.3 billion by 2030. [Read more…] about Massive growth predicted for robotic last-mile delivery

Worldwide installations of automated guided vehicles at seaports to exceed 150,000

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Seaports globally have increased their automation solutions or kickstarted automation initiatives to mitigate port congestion.

Equipment like gantries, automated port gates, stacking cranes, and horizontal transport solutions, such as automated guided vehicles (AGVs) that transport containers and loads to and from ships, have been the most productivity-enhancing solutions in seaports.

According to ABI Research, a global technology intelligence firm, worldwide AGV deployments in seaports will have a compound annual growth rate of over 26 percent from 2022 to 2027 and exceed 150,000 global deployments by 2027. [Read more…] about Worldwide installations of automated guided vehicles at seaports to exceed 150,000

Almost 50,000 robots expected to be shipped to warehouses by 2026

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More than 47,000 collaborative robots are expected to be shipped to warehouses by 2026, according to ABI Research, which included the estimate in its report, 38 Technology Stats You Need to Know for 2022.

The Covid-19 pandemic quickened the pace of digital transformation, placing technologies at the very center of how people live and work – and that pace shows no signs of slowing down.

In its new white paper, 38 Technology Stats You Need to Know for 2022, global technology intelligence firm ABI Research has identified and highlighted the most impactful forecasts that illuminate the direction in which digital transformation is truly heading. [Read more…] about Almost 50,000 robots expected to be shipped to warehouses by 2026

Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

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Consumer robotics and smart appliance vendors will continue to benefit from the boost in consumer spending on home technology in 2021, building on the uplift that started in the second half of 2020.

Global tech market advisory firm ABI Research calculates that the consumer robotics and smart appliance market will generate $80 billion in revenues in 2021, up 40 percent on 2020 revenues.

Growth comes as two dynamics combine, says the analyst. [Read more…] about Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

Revenues from robotics in warehouses to exceed $51 billion by 2030

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The warehousing industry has ramped up its automation efforts considering the increased order volume and labor shortages fueled by the pandemic.

In addition to technology solutions such as augmented reality powered smart glasses and handheld devices with enhanced capabilities, autonomous, collaborative, and mobile robots are proving to be the most popular and fastest-growing productivity-enhancing solution in the warehouse workspace.

According to ABI Research, a global tech market advisory firm, worldwide commercial robot revenue in warehouses will have a compounded annual growth rate of over 23 percent from 2021 to 2030 and exceed $51 billion by 2030. [Read more…] about Revenues from robotics in warehouses to exceed $51 billion by 2030

Collaborative robotics market set to grow to $8 billion by 2030

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Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability, and convenience to end-users who struggle to afford more traditional forms of automation.

According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade.

The market had a global valuation of $475 million in 2020, which will expand to $600 million in 2021 and $8 billion in 2030, with a projected annual growth of 32.5 percent. [Read more…] about Collaborative robotics market set to grow to $8 billion by 2030

Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

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The market for autonomous mobile robots performing material handling tasks has expanded greatly in the last few years, with global revenues of $223 million in 2016 expanding to $800 million in 2020, according to a new report by ABI Research.

To help commentators and end users understand the strongest horses in this race, global tech market advisory firm, ABI Research has completed a detailed profile on ten of the most promising autonomous handling robotics vendors: Teradyne, Fetch, Bluebotics, Seegrid, Gideon Brothers, Agilox, Baylo, IAM Robotics, Vecna Robotics, and Forward X. [Read more…] about Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

Pandemic lockdowns boost consumer robotics market to $10 billion in 2020 revenues

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Lockdowns around the world caused by the coronavirus pandemic have provided a boost to the consumer robotics market, according to ABI Research.

The consumer robotic market pushed through the pandemic’s disruption to deliver continued growth in 2020 as consumers spent more time at home and invested in robotic offerings that made life simpler.

Global tech market advisory firm ABI Research finds the consumer robotics market generated $10.4 billion in revenues in 2020, up $448 million, or 4.3 percent, on pre-pandemic expectations. [Read more…] about Pandemic lockdowns boost consumer robotics market to $10 billion in 2020 revenues

Cloud robotics market predicted to grow to $157.8 billion by 2030

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The global market for cloud robotics is predicted to grow to $157.8 billion by 2030, according to ABI Research.

The analyst says cloud computing will be the “great enabler of mobile robotics”, and a massive, multibillion-dollar service opportunity over the next next 10 years.

Though only in its nascent stages, the value of cloud infrastructure to robots is key for both application, encompassing development, configuration, and installation; and operation, which includes maintenance, analytics, and control. [Read more…] about Cloud robotics market predicted to grow to $157.8 billion by 2030