Robotics & Automation News

Market trends and business perspectives

forecast

Intralogistics market forecast to grow at 15 percent a year

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The global intralogistics market is expected to surge at a compound annual growth rate of 15.5 percent from 2020 to 2030, according to FactMR.com., which would provide more opportunities for automated guided vehicle and autonomous mobile robot suppliers. 

The market burgeoned at a spritely rate of 14.3 percent over the last five years owing to transcendent demand for increased productivity and efficiency across industries, globally.

Moreover, commencement of industry 4.0 has comprehensively compelled industry verticals to go digital with their supply chain networks. [Read more…] about Intralogistics market forecast to grow at 15 percent a year

Global service robots market forecast to reach $110 billion by 2027

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The global professional service robots market is expected to be valued at $109.91 billion by the end of 2027, growing at an annual rate of 24.5 percent from 2020 to 2027, as highlighted in a report published by Coherent Market Insights.

Rising funding for research and development in robotics is expected to drive growth of the global professional service robots market during the forecast period.

Since professional service robots are being used in a variety of fields, many sectors (both public and private) have started investing in robotics research and development. [Read more…] about Global service robots market forecast to reach $110 billion by 2027

Automated trucks market offers ‘lucrative opportunities’ as investment in automation grows

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The innovation in automated trucks has made it possible to transport goods and materials without manual support, according to a new report by Fact.mr. The market itself offers “lucrative opportunities” to companies. 

The technology is hailed by the automotive sector since it has helped them in significantly curbing the risk of accidents caused due to negligence. Automated trucks also are considered an environment-friendly option for transporting goods since they use gas and energy in lesser volume.

Fact MR in its recent study has identified it as a thriving market that holds immense potential for growth. [Read more…] about Automated trucks market offers ‘lucrative opportunities’ as investment in automation grows

Spending on chip manufacturing equipment to reach record high of $70 billion in 2021

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Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to increase six percent to $63.2 billion in 2020, compared to $59.6 billion in 2019, before logging record high revenue of $70 billion in 2021 on the strength of double-digit growth, according to industry association SEMI.

The group revealed the figures is its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective at the annual SEMICON West exposition.

Growth across a number of semiconductor segments is expected to power the expansion. The wafer fab equipment segment – which includes wafer processing, fab facilities, and mask/reticle equipment – is expected to rise five percent in 2020 followed by 13 percent growth in 2021 driven by a memory spending recovery and investments in leading-edge and China. [Read more…] about Spending on chip manufacturing equipment to reach record high of $70 billion in 2021

Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

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By Maya Xiao of Interact Analysis

The coronavirus pandemic which has devastated economies worldwide is expected to reduce revenues in the industrial robot market by more than 8 per cent, according to a study by Interact Analysis.

“After a weak 2019, we originally expected the 2020 robot market to recover strongly, but Covid-19 changed the market revenue growth forecast from 4.8 percent to -3.6 percent,” writes Maya Xiao, automation market expert at Interact Analysis.

Global industrial robot shipments experienced negative growth for four consecutive quarters from mid-2018, she says. At the end of 2019, recovery signs appeared, and the mid-term growth rate turned positive. This turnaround happened in the context of a continued slowdown in general global manufacturing activity, which led to weak spending on machinery and automation equipment. [Read more…] about Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

Semiconductor fabricators expected to spend record $68 billion in 2021

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Semiconductor fabrication companies are expected to log record spending of nearly $68 billion in 2021 after the 2020 lull caused by the coronavirus pandemic, according to industry association SEMI.

“2021 is poised to mark a banner year for global fab equipment spending with 24 percent growth to a record $67.7 billion, 10 percent higher than the previously forecast US$65.7 billion,” says SEMI in a statement.

The organisation adds that all product segments look like they will provide “solid growth rates”. [Read more…] about Semiconductor fabricators expected to spend record $68 billion in 2021

ZVerse and Forecast 3D form partnership for CAD as a service

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ZVerse, developer of a “CAD as a service” platform for digital manufacturing, has partnered with Forecast 3D, a fastest-growing digital manufacturer, to provide ZVerse’s CAD as a Service platform to Forecast 3D’s customers.

This strategic partnership will give Forecast 3D customers direct access to the CADaaS platform on the Forecast 3D website.

It will make ZVerse’s AI-enabled system and network of certified 3D designers available to customers of Forecast 3D. [Read more…] about ZVerse and Forecast 3D form partnership for CAD as a service

Surgical robots market driven by technological advancements and increase in purchasing power of hospitals

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The global market for surgical robots market is being driven by ongoing technological advancements in the sector as well as the increasing purchasing power of hospitals.

This is according to the latest market intelligence study by Transparency Market Research, entitled Surgical Robots Market.

The global surgical robots market was valued at approximately $4.2 billion in 2018 and is projected to expand at an annual growth of 13 per cent from 2019 to 2027. [Read more…] about Surgical robots market driven by technological advancements and increase in purchasing power of hospitals

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

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