Robotics & Automation News

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Industrial robot components market set for higher growth over next decade

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The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023. [Read more…] about Industrial robot components market set for higher growth over next decade

Outrider releases ‘fully autonomous’ truck parking system

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Outrider, a developer of autonomous technology for yard operations at logistics hubs, has released “fully autonomous” trailer backing capabilities to its fleet.

This proprietary technology enables autonomous yard trucks to back trailers into tight spaces with precision and without modifications to trailers.

These capabilities are now available as part of the Outrider System, which automates distribution yards for large, logistics-dependent enterprises. [Read more…] about Outrider releases ‘fully autonomous’ truck parking system

Report: North American articulated robots market set to grow

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The revenue of the North America articulated robots market is projected to reach $5.85 billion by 2026 in terms of robot systems including hardware, software & service, a 2019-2026 CAGR of 11.98%, according to a new report from ResearchAndMarkets.com.

The North America Articulated Robots Market by Subsystem, Function, Component, Payload, Industry Vertical, and Country 2015-2026: Growth Opportunity and Business Strategy report says annual shipments are expected to exhibit a CAGR of 14.72% during the same period, advancing to 54.26 thousand units in 2026.

Highlighted with 16 tables and 73 figures, this 159-page report is based on  research of the entire North America articulated robots market and all its sub-segments through detailed classifications.

[Read more…] about Report: North American articulated robots market set to grow

Automotive industrial robot market forecast to reach $8 billion within four years

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industrial robots

Industrial robots are in high demand in the automotive sector, and a research company is saying the market will grow to beyond $8 billion by 2021. 

In the report published by MarketsandMarkets, the market was estimated to be $5.07 billion in 2016, and is projected to grow to $8.44 billion by 2021, at a growth rate of 10.74 per cent.  [Read more…] about Automotive industrial robot market forecast to reach $8 billion within four years

Igus launches pre-assembled Robolink D 5-axis articulated arms

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igus robolink_D_roboter

Igus says the low-cost robot enables simple configuration, easy acquisition, and immediate connection 

Igus has launched its Robolink D 5-axis articulated arms as an assembly kit consisting of arm, motor and gearbox, or now as a ready-to-connect articulated arm, enabling machine and system builders to rapidly implement their own low-cost robotic automation systems.

Robert Dumayne, director of dry-tech bearings, Igus, says: “Robots are taking over more and more in automation tasks. Last year, sales of industrial robots exceeded 245,000 pieces, marking a new record.”

At the same time, Igus says, interest is also growing in simple and inexpensive robotics solutions. In the area of low-cost automation, engineers can increase the productivity of their machines with a flexible robot kit using Robolink D, says Igus.  [Read more…] about Igus launches pre-assembled Robolink D 5-axis articulated arms

Chinese company Delta launches new industrial robot

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Delta has unveiled the latest version of its articulated industrial robot.

The Chinese company says its DRV90L / DRV 70L series can be “perfectly integrated with AC motor drives, motion control systems, sensors, machine vision systems, advanced host controllers and more, to construct high-end automation machines and systems”.

Delta’s senior vice-president, Simon Chang, says: “Our articulated robot solutions are already applied at our factory in China and have proven to enhance productivity and product quality.  [Read more…] about Chinese company Delta launches new industrial robot

Technavio survey lists ‘world’s top four’ robot companies

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Technavio has listed what it claims are the top four leading vendors in their recent global articulated robots market 2015-2019 report. This research report also lists numerous prominent vendors that are expected to impact the market during the forecast period.

Competitive vendor landscape

According to Bharath Kanniappan, lead research analyst at Technavio for robotics, “The top four vendors in the global articulated robots market concentrate on the development of application-specific and industry-specific articulated robots, which help them to have a competitive edge.”

ABB is the market leader in the global industrial robotics market. Fanuc is one of the leading industrial automation vendors and offers various industrial robots under its robotics business unit.  [Read more…] about Technavio survey lists ‘world’s top four’ robot companies