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Robotic nursing assistant market set to expand 15 percent a year through to 2032

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The growing global population of older adults is fueling the demand for robotic nurse assistants for various daily assistance functions, according to the most recent analysis released by Fact.MR. 

The growing investment in R&D to create technologically advanced robots for healthcare facilities is expected to drive up demand for robotic nurse assistants in the coming years.

Another factor contributing to the rise in demand for robotic nurse assistants is the development of technologically advanced nurse-assisting robots that can effectively carry out a nurse’s daily tasks. [Read more…] about Robotic nursing assistant market set to expand 15 percent a year through to 2032

Bin-picking systems market forecast to grow to $5.6 billion by 2033

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The global bin picking systems market is anticipated to be valued at $1.7 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 12.5 percent to reach $5.6 billion by the end of 2033, according to a report by Fact.MR. 

A bin picking system is a technology in which a robot is incorporated with a 3D, camera, optical sensor (3D or 2D) and an end effector (magnet gripper, and others) to remove parts from a container full of disorganized, irregularly shaped pieces.

Robotic arm receives command based on the analysis done by the computer vision system and the vision system examine the target area and recognize the position of the pieces. [Read more…] about Bin-picking systems market forecast to grow to $5.6 billion by 2033

Material handling robot market predicted to grow to $13 billion by 2033

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The global market value for material handling robots will reach $5,542 million in 2023 and grow at a healthy compound annual growth rate of 8.6 percent between 2023 and 2033, according to research by Fact.MR. 

Increasing acceptance of advanced automated material handling robots, increasing need for high efficiency systems, increasing industrialization in emerging markets, constant technological advances, multiple industries such as automotive, manufacturing, e-commerce and many more.

High acceptance of US Investment in digital infrastructure and growing need to reduce labor costs are key factors behind the growth of the automated material handling robots market. [Read more…] about Material handling robot market predicted to grow to $13 billion by 2033

Ottonomy unveils new delivery robot

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Ottonomy has unveiled Yeti, which it describes as “the first fully autonomous unattended delivery robot on the market”.

Ottonomy adds that the robot as ideal for curbside, first mile and last mile deliveries, locker integration and automating the return process for retailers.

Ottonomy is focused on innovating and paving the way for efficient and sustainable delivery logistics. With its global pilots throughout 2022, Ottonomy successfully demonstrated autonomous deliveries across a range of terrain and in varying inclement weather conditions, in order to provide sustainable solutions for automating deliveries for multiple use cases at scale. [Read more…] about Ottonomy unveils new delivery robot

Global autonomous cars market size to reach $16 billion by 2030

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The global market for autonomous cars was valued at $1.35 billion in 2021 and is projected to reach $15.55 billion by 2030, growing at a compound annual growth rate of 31.19 percent from 2023 to 2030.

The increasing demand for connected cars employing the internet of things and the growing development of smart cities in the countries is driving the Autonomous Cars Market growth.

This is according to a new report by Verified Market Research, which says the increasing demand for connected cars employing the internet of things is the key force driving the autonomous car market. [Read more…] about Global autonomous cars market size to reach $16 billion by 2030

AMD launches Kria ecosystem program to help developers bring automation solutions to market faster

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Chipmaker AMD has launched a new Kria-based ecosystem program to help developers bring automation solutions to market faster.

Building on the success of its AMD Kria portfolio of adaptive system-on-modules (SOMs), the company has unveiled the AMD Kria SOM ODM Partner Ecosystem.

AMD says this new program delivers production-grade, fully functional Kria SOM-based solutions that help customers get to market faster without the need for dedicated chip-design resources. [Read more…] about AMD launches Kria ecosystem program to help developers bring automation solutions to market faster

5 Reasons Why You Should Invest in Tesla this 2023

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By Cooper Haywood, WallStreetZen.com

Tesla, Inc. is a company that is at the forefront of the integration of robotics and automation in the automotive industry.

Founded in 2003 by a group of engineers who wanted to prove that electric cars could be better than gasoline-powered cars, Tesla has become a leader in developing and implementing advanced technologies in electric vehicles (EVs) and autonomous driving.

In recent years, Tesla has made significant strides in the EV market, revolutionizing the way we think about transportation and energy. [Read more…] about 5 Reasons Why You Should Invest in Tesla this 2023

Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

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Sales in the global industrial robotics market are expected to total $33.75 billon by 2022, rising at a compound annual growth rate of 19.2 percent during the forecast period 2022-2028.

A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights. The report analyses the industrial robotics market and makes significant forecasts for the years 2019 to 2029.

The industrial robotics market is projected to reach $96.82 billion by the end of 2028. As more focus is placed on increasing the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices, the market is expanding. [Read more…] about Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

Industrial robot components market set for higher growth over next decade

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The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023. [Read more…] about Industrial robot components market set for higher growth over next decade

Industrial robotic arm market expected to reach $23.2 billion by 2033

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The global Industrial robotic arm market is forecast to be worth $17,925 million by the end of 2023 and expected to grow at an annual growth rate of 12.1 percent during the forecast years of 2023-2033, according to a report by Fact.MR.

Robot market is emerging and also expected to witness greater growth over the forecast year as to increase the efficiency of work and replace human labor.

The industrial robot can be used in various tasks such as for performing precise surgeries, industrial operation and fun toy for learning experience. [Read more…] about Industrial robotic arm market expected to reach $23.2 billion by 2033