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Market for transportation and warehousing sensors forecast to grow to $16 billion

December 17, 2019 by David Edwards Leave a Comment

The global market for sensors for the transportation and warehousing industries are set to grow by 30 per cent, according to a report by Persistence Market Research.

Surpassing the market value of $16 billion in 2018, the global sales of internet of things sensors is poised for a whopping 24 per cent annual growth during the course of next decade.

Industry’s shift from legacy systems to advanced IoT enabled systems for utmost reliability and accuracy of data is creating potential growth opportunities for the IoT sensors market. [Read more…] about Market for transportation and warehousing sensors forecast to grow to $16 billion

Smart factories driving industrial robot controller market

September 19, 2019 by Mai Tao

The growth of the global industrial robot controller market is being sustained and driven by the accelerating activity in factory automation, according to a report by FMI.

FMI’s research shows that the industrial robot controller market valued at approximately $632.6 million in 2018 and is projected to increase at a growth of 9.1 percent between the projected period of 2019 and 2029.

As per the findings of the report, the global industrial robot controller market is anticipated to see substantial growth over the forecast period.

This is set in motion by increase in the adoption of human machine interaction, data and cloud capabilities boosting hardware control, and optimization of industrial robot cost. [Read more…] about Smart factories driving industrial robot controller market

Universal Robots ‘maintains top spot’ in collaborative robot market

September 4, 2019 by Sam Francis

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