market

Yesterday Teradyne CEO Greg Smith addressed the audience at ERF 2023 in a keynote, highlighting the role robotics companies Universal Robots and MiR, both acquired by Teradyne in recent years, play in the strategy of the US-based technology company. With currently 11 million cobots that could be sold, the potential market for cobots is around $500 billion.

According to a new market research report by Meticulous Research, the surgical robots market is projected to reach $25.47 billion by 2030, at a CAGR of 15.4% during the forecast period 2023–2030.

The rapid growth of the robotics market means it is difficult to keep track of all the developments, suppliers and solutions. HowToRobot is mapping this fluid market in a growing number of countries, and provides a platform to get quotes internationally on robot related questions. Rocking Robots talked to CEO Søren Peters about his vision on the maturity and challenges of the current robotics-market.

The robot and automation industry in the Netherlands is booming with new companies and solutions coming to the forefront. A new market report from automation marketplace HowToRobot.com analyzing the robot and automation suppliers in the Netherlands shows that the Netherlands is quickly becoming a hub for innovation in the industry.

Worldwide shipments of total devices (PCs, tablets and mobile phones) are projected to decline 4.4% in 2023, to total 1.7 billion units, according to Gartner, Inc. In 2022, the devices shipment market declined 11.9%.

Universal Robots, the Danish collaborative robot (cobot) company, has reported Q4 revenue of USD 85 million, bringing 2022 annual revenue to USD 326 million, up 5% on 2021. On a constant currency basis, growth over the year was 12%.

Turnkey robotic solutions, complete with all hardware, software, sensors and interfaces, will be powerful automation drivers in 2023, according to Universal Robots. Gone are the days of manufacturers buying a robot arm only to struggle figuring out how to integrate it in an application cell. 

The Robotic Process Automation (RPA) Market size was valued at USD 2.27 billion in 2021 and is predicted to reach USD 18.69 billion by 2030, with a CAGR of 22.5% during the forecast period from 2022 to 2030, according to a new report by ResearchAndMarkets.com.

North American robot sales in the first nine months of 2022 reached record levels, with all indications pointing to 2022 ending with the highest number of robots sold in a year for the second year in a row. According to the Association for Advancing Automation (A3), from January to September 2022, North American companies purchased 35,804 units valued at $1.875 billion, up 24% for units ordered and 27% for revenue over the same period in 2021.

The market for worldwide low-code development technologies is projected to total $26.9 billion in 2023, an increase of 19.6% from 2022, according to the latest forecast from Gartner. A rise in business technologists and a growing number of enterprise-wide hyperautomation and composable business initiatives will be the key drivers accelerating the adoption of low-code technologies through 2026.