A recent report on the Europe Industrial Robotics Market indicates a significant growth trajectory for the industrial robotics sector in Europe. This market is projected to increase from USD 4.5 billion in 2022 to USD 9.87 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 10.3% over this period.
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The global robotics market is projected to experience significant growth, expanding by USD 22.27 billion from 2022 to 2027, as per a report by Technavio. This growth, estimated at a CAGR of 7.71% during the forecast period, is largely influenced by government initiatives in Europe, particularly those like Horizon 2020.
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Bots & BulletsInternational
Unmanned Ground Vehicle Market Expands Amid Growing Demand in Defense and Civilian Applications
The Unmanned Ground Vehicle (UGV) market is experiencing significant growth. According to a recent market analysis, the global UGV market, valued at USD 2237.2 million in 2022, is projected to reach USD 3352.5 million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.0%.
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Realtime Robotics, a company specializing in collision-free autonomous motion planning for industrial robots, has entered into a partnership with Valiant TMS, an Industry 4.0 system integrator. The collaboration aims to implement Realtime Robotics’ Optimization-as-a-Service solution in enhancing the efficiency of customers’ manufacturing operations.
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The smart robots market is on the brink of a significant expansion, with expectations of growing by USD 13.22 billion from 2022 to 2027. This growth is forecasted at a Compound Annual Growth Rate (CAGR) of 19.5% over the period. The market encompasses various segments including professional service robots, personal service robots, and collaborative robots, with its geographic reach spanning across Asia-Pacific, Europe, North America, South America, and the Middle East and Africa.
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Agile Robots AG, a Munich-based leader in robotics solutions for complex automation, has announced the acquisition of FRANKA EMIKA GmbH, another Munich-based robotics specialist. This move comes after the approval from the creditors’ committee of FRANKA EMIKA, which had declared insolvency. The financial details of the transaction remain undisclosed.
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Bots & BusinessInternational
Industrial robots in manufacturing drives the growth of system integrator market
The global system integrator market is set for substantial growth, with anticipated expansion from $35.42 billion in 2022 to $37.71 billion in 2023, showcasing a robust compound annual growth rate (CAGR) of 6.5%. According to ResearchAndMarkets.com this positive trajectory is culminating in a market valuation of $48.06 billion by 2027. Industrial Robotics makes up a substantial part of this growth.
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The Global Collaborative Robot (Cobot) Market is projected to grow at a CAGR of 40% from 2022 to 2030, according to a new report published by Verified Market Research. The report reveals that the market was valued at USD 1.6 Billion in 2021 and is expected to reach USD 16.8 Billion by the end of the forecast period.
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Global automation marketplace HowToRobot.com is extending its footprint to Spain by opening a new office in Barcelona. With the expansion, HowToRobot aims to foster connections between local manufacturers seeking automation solutions and suppliers from Spain and beyond.
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The global construction robots market is expected to reach $3,542.8 million by 2030, according to a report by Grand View Research. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 17.5% from 2023 to 2030, driven by the increasing need for environmentally friendly and affordable construction, reduced environmental impact and labor costs.