Robotics & Automation News

Market trends and business perspectives

forecast

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

Report: Annual edge AI processor shipments forecast to reach 1.5 billion units by 2023

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In its first forecast of Artificial Intelligence (AI) edge processors, market intelligence firm International Data Corporation (IDC) estimates that worldwide shipments of AI-optimised processors for edge systems will reach 340.1 million units in 2019, an increase of 170% over 2018.

By 2023, IDC expects the market will reach unit shipments of 1.5 billion and achieve a five-year compound annual growth rate (CAGR) of 64.9%.

The emergence of AI is upending the microprocessor market.

[Read more…] about Report: Annual edge AI processor shipments forecast to reach 1.5 billion units by 2023

Infographic: How AI is streamlining the supply chain

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Noodle AI has produced an infographic to show how artificial intelligence is changing commerce

Artificial intelligence is everywhere. In fact, you may have interacted with it today and you didn’t even know it.

AI can streamline a lot of our daily business operations, freeing us up to tackle more difficult tasks.

Within the world of e-commerce, AI may be the key to streamlining the supply chain. [Read more…] about Infographic: How AI is streamlining the supply chain

Global agriculture robots market driven by ‘high population growth and food shortages’

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The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report. 

The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.

By geography, Asia Pacific and rest of the world are expected to grow at 24.7 per cent and 24.1 per cent respectively, during the forecast period.  [Read more…] about Global agriculture robots market driven by ‘high population growth and food shortages’

Surgical robotics market forecast to reach $30 billion globally by 2020

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The global sales of surgical robotic systems is projected to reach $6.4 billion by 2020.

This is according to a new report by Allied Market Research, titled, World Surgical Robotics Market – Opportunities and Forecasts, 2014-2020.

The gynecology application segment accounted for 28 per cent share of the surgical robotic systems market share in 2014, and is expected to maintain its dominance during the forecast period.  [Read more…] about Surgical robotics market forecast to reach $30 billion globally by 2020