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#News(General) [ via IoTGroup ]
Headings…
As Industry 4.0 Hits Its Stride, Robots and Automation Technology See Sky-h
Tracking Industrial Buyer Behavior, Sourcing Trends
Why Are Industry 4.0 Technologies So Appealing to Manufacturers?
The Future of Robots: Integration by Industrial Sector
Automotive Market
Electrical/Electronics Market
Metal & Machinery Market
Cobots
The Future of Automation Technology and Robots
Auto extracted Text……Considering 2020 is being heralded as the year of Industry 4.0, it’s no surprise that sourcing for automation equipment and industrial robots is gaining significant momentum.
This amplified interest in and adoption of automation technology and robots is clearly reflected in industrial buyer behavior.
By implementing automation technology and robots throughout manufacturing processes, industrial businesses can empower their human employees to work on more intellectually demanding projects; limit employees’ exposure to dangerous production tasks; expedite production; reduce potential production quality errors; lower costs.
While upfront investment costs are still relatively prohibitive for many industrial SMBs, larger-scale industrial businesses are adopting more robots and incorporating more automation technology than ever before.
The Future of Robots: Integration by Industrial Sector
This major growth in automation technology and robots worldwide is primarily fueled by the automotive and electrical/electronics sector, which makes up half of the industrial robotics market – though other markets, such as logistics, medical, and maintenance, are now also realizing the advantages and adopting similar technologies.
Statista projects the industrial robotics market size will surpass $18 billion by 2025, with $6.9 billion attributed to automotive applications, $5.4 billion in electrical/electronics, and $5.8 billion in other industrial sectors.
125,580 new industrial robots were installed in automotive production facilities in 2018; the United States ranked fourth worldwide for installations.
In 2020, the automotive sector sales-value-worldwide-by-application-area/” target=”_blank”>accounted for $5.91 billion of the overall global industrial robotics market.
Close on the heels of the automotive industry and vying to claim the top spot in robot integration, the electrical and electronics sector was responsible for 25% of all 2018 industrial robot installations with 105,150 units
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AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019
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