Robotics & Automation News

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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

Brain Corp achieves ‘record sales growth’ in 2019 amid strong demand for autonomous mobile robots

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Brain Corp, a San Diego-based robotics and artificial intelligence company, says it achieved “record sales and revenue growth in 2019” as retailers increasingly turn to robotic solutions to reduce costs and enhance in-store experiences.

Brain Corp achieved more than a 300 percent increase in revenue last year, fueled by a surge in interest for BrainOS-powered floor care machines by major retailers, including Walmart.

The company also saw a 760 percent increase in global deployments. It now provides the intelligent backend for one of the largest fleets of its kind in the world – approximately 10,000 robots deployed or enabled. [Read more…] about Brain Corp achieves ‘record sales growth’ in 2019 amid strong demand for autonomous mobile robots

Massive growth in mobile robots expected as 6 million forecast to be shipped in 2030

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The robotics industry is set for “seismic change”, according to a report by ABI Research, which says that, of the 8 million robots forecast to be shipped in 2030, nearly 6 million will be mobile.

ABI says it has released its “most comprehensive robotics tracker yet”, and it shows that the robotics market is “set to transform over the next 10 years”.

There will be enormous growth across all sub-sectors, highlighted in a total market valuation of $277 billion by 2030, says ABI. [Read more…] about Massive growth in mobile robots expected as 6 million forecast to be shipped in 2030

Retailers expected to buy more than 150,000 robots by 2025

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The retail sector is expected to buy more than 150,000 robots by 2025, according to a study by ABI Research.

The next generation of mobile robots for cleaning, inventory management, and material handling are “passing the test in retail”, says ABI.

Several robotics companies have grown their autonomous mobile robot fleet in 2019 and are poised to scale exponentially over the next five years. [Read more…] about Retailers expected to buy more than 150,000 robots by 2025

Universal Robots ‘maintains top spot’ in collaborative robot market

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Universal Robots is maintaining its top spot in the collaborative robot market, according to a report by ABI Research.

However, competitors including Doosan, Techman Robot and Precise Automation are “closing in“, says the study, Industrial Collaborative Robots Competitive Assessment.

There are well over 50 manufacturers of collaborative robots, or cobots, worldwide, but only a handful of these companies have so far deployed cobots on any meaningful level of scale. [Read more…] about Universal Robots ‘maintains top spot’ in collaborative robot market

SLAM software paving the way for new generation autonomous mobile robots

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Simultaneous Localization and Mapping (SLAM), a software-and-hardware technology which enables a mobile device to map its environment while positioning itself within it, is a crucial driver for robotics.

SLAM will enable the transition from automated guided vehicles (AGVs) to autonomous mobile robots (AMRs) in the industrial space.

According to report by global tech market advisory firm, ABI Research, the installed base of SLAM-enabled commercial and industrial robots will exceed 15 million by 2030. [Read more…] about SLAM software paving the way for new generation autonomous mobile robots

Collaborative robot market forecast to grow beyond $11 billion by 2030

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The collaborative robot market will exceed $11 billion by 2030, representing 29 percent of the total industrial robot market, according to ABI Research.

Buoyed by early innovators and adopters, the collaborative robotics market will become increasingly mainstream over the next 10 years.

The new analysis from global tech market advisory firm, ABI Research finds that the yearly revenue for cobot arms will reach $11.8 billion by 2030, an enormous increase from $711 million in 2019. [Read more…] about Collaborative robot market forecast to grow beyond $11 billion by 2030

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