Robotics & Automation News

Market trends and business perspectives

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Automotive robotics market forecast to reach $6 billion by 2024

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The automotive robotics market is set to grow from its current market value of more than $4 billion to over $5.96 billion by 2024, according to the latest study by Global Market Insights.

Growing utilization of automated machines for production and assembly of automotive parts is estimated to drive global automotive robotics market.

The automotive robotics industry is growing steadily on the back of expanding automotive industry. [Read more…] about Automotive robotics market forecast to reach $6 billion by 2024

Demand for robots to surge in electronics industry, says report

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The demand for articulated robots is forecast to surge in line with increasing applications in the electronics industry, according to a report by FMI.

The research company forecasts the global industrial robotics market to see substantial growth over the forecast period due to multiple driving factors such as the adoption of internet of things in industries and growing digitalization of manufacturing industry across geographies.

The global industrial robotics market was valued at approximately $17 billion in 2018 and is estimated to increase at annual growth of approximately 18 per cent between the forecast periods of 2019 and 2029. [Read more…] about Demand for robots to surge in electronics industry, says report