INDUSTRY News
Global cobot market exceeded $1bn in 2023
ABB COLUMN
ABB CELEBRATES 50 YEARS IN ROBOTICS
The global cobot market topped $1bn in revenues during 2023, despite overall demand recovering more slowly than expected after the pandemic, states new report by Interact Analysis. Looking to the future, the market intelligence specialist predicts the global market for cobots to experience 22% increase in shipments this year, with similar levels of growth to follow each year, through to 2028.
Demand for cobots in the automotive and new energy industries remained high last year, but demand for cobots leading to a small V-shaped trend between 2022 and 2024. Orders from the semiconductor and logistics industries are expected to bounce back in 2024, but high interest rates could weaken overall order intake this year. end users seek out holistic solutions rather than purchasing large pieces of equipment. Over the coming year, we expect to see major cobot vendors target large customers, which could impact capacity and resource allocation,” said Maya Xiao, Research Manager at Interact Analysis. “Moving forward, in the medium term China will dominate the global cobots market, also being the region where average revenue per unit is expected to fall most sharply, as competition in the market increases. The cobot market growth rate in other regions and countries will approach that of China after 2025, and the global average market price for cobots is expected to increase slightly between 2023 and 2028 as demand grows for those capable of handling larger payloads.”
As ABB celebrates 50 years in robotics, we have also reached another significant milestone with the launch of an all- encompassing robotic control platform that will deliver a step change in the capabilities of automated solutions. The arrival of the new OmniCore platform sits right up there with other important launches since the arrival of ABB’s first microprocessor-controlled robot in 1974. There was the launch of RobotStudio software in 1998, for instance, and the acquisition of Sevensense in 2024, which enabled us to incorporate industry-leading AI-based navigation technology in our mobile robots. Now the modular OmniCore platform joins these groundbreaking developments. It’s the result of more than $170m of investment in next-generation robotics and enables the full integration of AI, sensor, cloud and edge computing systems to create the most advanced autonomous robotic applications. OmniCore opens the door to the entire ABB Robotics portfolio of hardware and software in any combination under a single control platform, offering endless possibilities and more avenues for value creation. For example, OmniCore enables automotive manufacturers to increase production speed, offering tremendous competitive advantage, increasing press tending production from 12 to 15 strokes per minute to produce 900 parts per hour. OmniCore’s class-leading motion performance delivers robot path accuracy at a level of less than 0.6mm, with multiple robots running at high speeds of up to 1,600mm per second. This presents new opportunities in precision areas such as arc welding, mobile phone display assembly, gluing and laser cutting. Overall, OmniCore enables robots to operate up to 25% faster and consume up to 20% less energy compared to the previous ABB controller. OmniCore is built on a scaleable, modular control architecture that can create almost any application imaginable, making it suitable for businesses in emerging segments like biotechnology and construction, as well as more established manufacturing industries. As we celebrate ABB’s 50th anniversary in robotics, it’s time to look to the future. I believe that OmniCore offers the potential for many industry breakthroughs, empowering our customers across all sectors to meet the challenges that lie ahead.
Julian Ware, UK & Ireland Sales Manager – ABB Robotics
It’s a thriving market for autonomous vehicles
The global autonomous vehicles market is projected to grow at a staggering CAGR of 40.2%, reaching $7.25bn by the end of 2030, from $680.5m in 2023. So states the latest report by Persistence Market Research.
The market is driven by technologies like advanced sensors, AI and connectivity, so that vehicles can operate without human
especially for those people with driving challenges. Despite the rapid growth, the autonomous vehicles market faces hurdles, with changing regulatory frameworks being a critical factor. The absence of standardised regulations poses snags for widespread adoption, impacting the pace of deployment.
automationmagazine.co.uk
obstacles, requiring rigorous testing, validation and the establishment of standardised safety protocols. In the midst of all this, companies developing software, sensors and infrastructure will thrive in this era. The expansion of Mobility-as-a-Service (MaaS) platforms stands out as a lucrative opportunity for revenue growth. Companies can integrate transportation services through subscription models or pay-per- ride options. At present, the market is segmented into semi- and fully- to its widespread consumer acceptance. Yet, the fastest-growing category is that of fully-autonomous vehicles, promising a future where vehicles operate without any human input.
Automation | July/August 2024 7
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