This is you Robotics Industry Insider: AI & Automation News podcast.
As the robotics industry continues to evolve, several breakthroughs are transforming the landscape. For instance, the integration of artificial intelligence into robotics is revolutionizing manufacturing processes. AI-powered robots can perform complex tasks with precision, analyze vast amounts of data to predict machine failures, and optimize supply chains. This shift is central to the growth of the industrial automation market, which is projected to reach over $569 billion by the year 2034.
Industrial automation is experiencing significant growth, driven by increased demand for operational efficiency and technological advancements. The market is expected to expand at a compound annual growth rate of about nine percent from 2025 to 2034. This growth is evident in the increasing adoption of collaborative robots, though their shipment growth dropped to a low in 2024. Despite this, the market is poised for a new growth cycle in the near future.
Recent developments include SoftBank Group's acquisition of ABB Ltd's robotics business, highlighting strategic moves in the industry. Additionally, BD and Opentrons have collaborated to accelerate single-cell multiomics discoveries using robotic automation, illustrating how automation is expanding into new fields. Furthermore, Igus has introduced the Iggy Rob humanoid robot, designed for industrial and service applications, showcasing the versatility of robotics in various sectors.
Market trends suggest that Asia will continue to dominate the industrial robot market, with North America also playing a significant role. Listeners should pay attention to how these technologies and partnerships are reshaping their industries. The key takeaway is that investing in AI-integrated automation can significantly enhance productivity and efficiency in manufacturing.
As we look ahead, the integration of AI and robotics will continue to transform industries. For now, the future of automation looks promising, with more innovations on the horizon. Thank you for tuning in. Join us next week for more insights into the world of robotics and automation. This has been a Quiet Please production, and for more, check out QuietPlease.ai.
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