Robotics & Automation News

Market trends and business perspectives

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Collaborative robotics market set to grow to $8 billion by 2030

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Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability, and convenience to end-users who struggle to afford more traditional forms of automation.

According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade.

The market had a global valuation of $475 million in 2020, which will expand to $600 million in 2021 and $8 billion in 2030, with a projected annual growth of 32.5 percent. [Read more…] about Collaborative robotics market set to grow to $8 billion by 2030

Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

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The market for autonomous mobile robots performing material handling tasks has expanded greatly in the last few years, with global revenues of $223 million in 2016 expanding to $800 million in 2020, according to a new report by ABI Research.

To help commentators and end users understand the strongest horses in this race, global tech market advisory firm, ABI Research has completed a detailed profile on ten of the most promising autonomous handling robotics vendors: Teradyne, Fetch, Bluebotics, Seegrid, Gideon Brothers, Agilox, Baylo, IAM Robotics, Vecna Robotics, and Forward X. [Read more…] about Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

Cloud robotics market predicted to grow to $157.8 billion by 2030

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The global market for cloud robotics is predicted to grow to $157.8 billion by 2030, according to ABI Research.

The analyst says cloud computing will be the “great enabler of mobile robotics”, and a massive, multibillion-dollar service opportunity over the next next 10 years.

Though only in its nascent stages, the value of cloud infrastructure to robots is key for both application, encompassing development, configuration, and installation; and operation, which includes maintenance, analytics, and control. [Read more…] about Cloud robotics market predicted to grow to $157.8 billion by 2030

Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

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The Coronavirus outbreak has highlighted use cases for mobile robotics to successfully disinfect, monitor, survey, and handle and deliver materials.

These proven use cases will propel the overall mobile robotics market to $23 billion by 2021, according to a report by technology market advisory firm, ABI Research.

Rian Whitton, senior analyst at ABI Research, says: “Crises shift perceptions on what is possible regarding investment and transformative action on the part of both private and government actors. [Read more…] about Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

Retailers expected to buy more than 150,000 robots by 2025

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The retail sector is expected to buy more than 150,000 robots by 2025, according to a study by ABI Research.

The next generation of mobile robots for cleaning, inventory management, and material handling are “passing the test in retail”, says ABI.

Several robotics companies have grown their autonomous mobile robot fleet in 2019 and are poised to scale exponentially over the next five years. [Read more…] about Retailers expected to buy more than 150,000 robots by 2025

Universal Robots ‘maintains top spot’ in collaborative robot market

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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

Drones expected to grow to $100 billion market as they take off in commercial and industrial sectors while delivery market beckons

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Small Unmanned Aerial Systems (sUAS), more commonly referred to as drones, have been in the public eye for well over this decade and a hype cycle developed around its applications for the consumer and commercial space.

The high-profile failure of major drone manufacturers and software providers, such as US firm Airware in 2018, somewhat tempered initial enthusiasm, causing early projections from industry organizations such as the Association for Unmanned Vehicle Systems International (AUVSI) to look overly optimistic.

However, according to a new report from global tech market advisory, ABI Research, commercial drone usage, especially in the industrial space, will be a source of accelerating growth throughout the next decade with $101 billion in revenue being created annually by 2030 across the commercial, military, civil, and consumer sectors. [Read more…] about Drones expected to grow to $100 billion market as they take off in commercial and industrial sectors while delivery market beckons

Collaborative robots being bought at ‘feverish rate’

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Most commentators and onlookers of the robotics industry hear of and understand the advertised value proposition of collaborative robots.

Cobots are smaller, more dexterous industrial robotic arms that open the possibility between human and machine collaboration without the need for complex programming or external safety infrastructure.

In reality, the value of current collaborative robotics is somewhat more modest. [Read more…] about Collaborative robots being bought at ‘feverish rate’

Exoskeleton market projected to grow to $6 billion

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The current robotics limelight tends to focus on the ability of new innovations to automate tasks, but a less publicized development is taking place whereby passive exoskeletons have been slowly deployed and adopted to help augment the capability of human workers.

Exoskeleton popularization through passive suits will provide a base for increased resources for powered suits, which will eventually provide significant augmentative capability to the industrial workforce.

By 2028, global Exoskeleton revenues will reach $5 billion with hundreds of thousands of active exoskeletons being deployed, according to ABI Research. The research consultancy’s findings are on its report, Exoskeletons for Industrial Use Cases.

[Read more…] about Exoskeleton market projected to grow to $6 billion