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AI is Transforming the Robotic Cells Market, Projected to Grow by USD 61 Billion from 2024-2028 Due to Technological Advances in Integration – Technavio Report

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NEW YORK, Aug. 23, 2024 /PRNewswire/ — The global robotic cells market size is estimated to grow by USD 61.04 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  14.18%  during the forecast period. Technological advances in integration of robotic cells is driving market growth, with a trend towards technological advances in smart robots. However, high cost of adopting robotic cells  poses a challenge. Key market players include ABB Ltd., ABL Automazione Spa, Amtec Solutions Group Inc., Arcos Srl, Bystronic Laser AG, Carl Cloos Schweisstechnik GmbH, Desarrollo de Maquinas y Soluciones Automaticas SL, Evomatic AB, Hitachi Ltd., HUMARD Automation SA, IPG Photonics Corp., KC Robotics Inc., MEPSA, MEXX Engineering Pty Ltd., Okuma Corp, Peak Analysis and Automation Ltd., PROMOT Automation GmbH, Remtech Systems, RITM Industry, and Scott Technology Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Robotic Cells Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 14.18%

Market growth 2024-2028

USD 61048.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.13

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 74%

Key countries

China, US, Japan, South Korea, and Germany

Key companies profiled

ABB Ltd., ABL Automazione Spa, Amtec Solutions Group Inc., Arcos Srl, Bystronic Laser AG, Carl Cloos Schweisstechnik GmbH, Desarrollo de Maquinas y Soluciones Automaticas SL, Evomatic AB, Hitachi Ltd., HUMARD Automation SA, IPG Photonics Corp., KC Robotics Inc., MEPSA, MEXX Engineering Pty Ltd., Okuma Corp, Peak Analysis and Automation Ltd., PROMOT Automation GmbH, Remtech Systems, RITM Industry, and Scott Technology Ltd.

Market Driver

Smart robots are autonomous machines that incorporate advanced technologies such as artificial intelligence (AI) and machine learning (ML). These robots can observe and learn from human behavior and past experiences. They can be controlled using IoT devices and applications. Major vendors are developing advanced smart robots with decision-making capabilities related to operations and problem-solving abilities in assembly and manufacturing processes. Some smart robots collaborate with human workers to perform tasks such as pick-and-place, packaging, palletizing orders, machine tending, and quality inspections. Vendors are integrating AI and ML to enhance smart robots’ decision-making capabilities and enable them to recognize human faces, emotional expressions, and hand gestures. With the aim of automating manufacturing processes, companies are deploying smart robots in their facilities. For instance, XPO Logistics announced the deployment of 5,000 smart robots for functions like picking, packing, and sorting materials. Governments in Europe are encouraging the use of smart robots in various industries, and the UK government has allocated funding for care robot development. Technavio expects the integration of advanced technologies and government funding to enhance smart robots’ capabilities, such as force sensing, speech recognition, and emotion sensing, leading to the growth of the global robotic cells market. 

Robotic cells are becoming increasingly popular in various industries due to their flexibility and ability to integrate with digital technologies like IoT and machine learning. Multinational corporations are investing in advanced robotics technologies for automation solutions, including collaborative robots that work alongside humans. Industry 4.0 technologies, such as cloud computing and data analytics, enable real-time monitoring and remote control of robot cells. Safety is a top priority, with safety measures including safety fencing, guards, and interlocks. Flexibility is key, with navigation and mapping technologies allowing robots to adapt to changing environments. Aerospace, manufacturing, logistics, healthcare, and last-mile deliveries are just a few industries benefiting from these advanced automation solutions. Risk assessments are crucial, with artificial intelligence and machine learning integration helping to identify potential hazards and optimize performance. Overall, the future of robot cells is bright, with continued innovation and integration of Industry 4.0 technologies driving growth. 

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Market Challenges

System integrators play a crucial role in the deployment of industrial robotic cells, involving contract signing, competitive bidding, and evaluations. Vendors must innovate to streamline these pre-purchase processes, reducing costs and time for end-users. Robotic cell integration includes software packages for robot programming and easy integration, sold by vendors, independent software vendors, and OEMs. These solutions help companies create simulations and virtual factories, aiding in ideal robot selection. However, high costs for on-site training sessions and system engineering investments can hinder market growth. To make these services more cost-effective, system integrators must optimize their business models, adopting technologies like virtual commissioning, off-line programming, and simulation. End-user employees require relevant training, adding to the total cost of ownership. Therefore, it is essential for system integrators to focus on cost reduction and ease of implementation to drive market growth.The Robotic Cells Market is experiencing significant growth due to the increasing adoption of automation solutions in various industries. Industry 4.0 technologies, including robotics, IoT, and AI algorithms, are driving this trend. Robot cells are being used in manufacturing, logistics, healthcare, agriculture, construction, and more for tasks such as palletizing, handling, assembly, welding, and inspection. Challenges in this market include navigation and mapping in complex environments, risk assessment and obstacle avoidance, and safety concerns with human-robot cooperation. Robotics technologies like autonomous systems and machine learning integration are being used to address these challenges. Last-mile deliveries, automotive, and steel segments are major contributors to the market. Robot cells are being used in material handling, distribution centers, and industrial robotics for routine inspections and maintenance. Peripheral equipment like robot arms, manipulators, and self-driving forklifts are also gaining popularity. However, worker scarcity and safety concerns are major challenges. The robotics industry is continuously innovating to address these challenges, with a focus on precision and efficiency. Aluminum robot cells are being used in aluminum extrusion processes to increase productivity and reduce costs. Overall, the market is expected to grow significantly in the coming years.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This robotic cells market report extensively covers market segmentation by  

Application 1.1 Material handling1.2 Welding and soldering1.3 Assembly1.4 OthersType 2.1 Turnkey cells2.2 Custom cellsGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Material handling-  The robotic cells market is experiencing significant growth due to increasing automation in manufacturing industries. Companies are investing in robotic cells to enhance productivity and reduce labor costs. Robotic cells offer flexibility, precision, and consistency in production processes. Key industries such as automotive, electronics, and pharmaceuticals are major contributors to the market’s growth. Advanced technologies like collaborative robots and 3D printing are also driving innovation in the market. Overall, the robotic cells market is expected to continue its expansion in the coming years.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Robotic Cells Market is experiencing significant growth due to the increasing adoption of Industry 4.0 technologies in various sectors. Robotic cells, which include robots, automation solutions, robot arms, and manipulators, are becoming essential components of modern manufacturing and logistics processes. Robotic cells are integrated with advanced technologies such as navigation, mapping, risk assessment, obstacle avoidance, and IoT for enhanced efficiency, precision, and flexibility. In manufacturing, robotic cells are used for inspection, assembly, and material handling applications. In logistics, they are utilized for last-mile deliveries and warehousing operations. The healthcare sector also benefits from robotic cells through the use of surgical robots and automated pharmacy systems. Robotics technologies such as artificial intelligence, cloud computing, and digital technologies are integrated into robotic cells to enable advanced capabilities like autonomous navigation and real-time data processing. The integration of IoT and robotics enables remote monitoring and control of robotic cells, leading to increased productivity and cost savings. Overall, the Robotic Cells Market is poised for continued growth due to the increasing demand for automation and digitalization across various industries.

Market Research Overview

The Robotic Cells Market is experiencing significant growth due to the increasing adoption of Industry 4.0 technologies, automation solutions, and robotics in various industries. Robots and autonomous systems are being integrated with navigation, mapping, risk assessment, obstacle avoidance, and machine learning algorithms to enhance efficiency, precision, and flexibility in manufacturing, logistics, healthcare, agriculture, construction, and more. Last-mile deliveries, self-driving forklifts, and autonomous systems are revolutionizing the supply chain and distribution sectors. Robot cells are being used for palletizing, handling, assembly, welding, and inspection in industries like automotive, steel, and aluminum. The robotics industry is also embracing AI algorithms, IoT, cloud computing, and collaborative robots for human-robot cooperation. However, safety concerns are a major challenge, leading to the development of safety measures such as safety fencing, guards, interlocks, and advanced technologies for risk assessments and remote control. Multinational corporations are investing heavily in these advanced technologies to streamline operations, reduce worker scarcity, and improve routine inspections and maintenance.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationMaterial HandlingWelding And SolderingAssemblyOthersTypeTurnkey CellsCustom CellsGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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RedThread Report Reveals 50% Drop in L&D’s Involvement in Strategic Discussions, Offers Framework for Reclaiming Influence

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15 minutes ago

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November 14, 2024

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RedThread Research’s latest report, Hope Isn’t a Plan: Building a Progressive L&D Strategy, highlights a 50% drop in Learning & Development involvement in business strategy discussions over the past two years, signaling a shift from strategic partner to reactive function. The report also provides a comprehensive five-part framework to help L&D leaders articulate their strategy, collaborate effectively across departments, and balance stability with flexibility.

WOODSIDE, Calif., Nov. 14, 2024 /PRNewswire-PRWeb/ — RedThread Research has published its latest report, “Hope Isn’t a Plan: Building a Progressive L&D Strategy,” which underscores the declining strategic role of Learning & Development (L&D) functions and offers a comprehensive framework for leaders seeking to recalibrate their strategies.

“L&D needs to rethink its strategy or risk becoming irrelevant. More than just talking about being strategic, they need to align, act on, and operationalize it. That means doing things differently, thinking more strategically, and embedding learning into the heart of the organization.”

The study reveals a sharp 50% drop in L&D’s involvement in business strategy discussions over the past two years, signaling an alarming shift from strategic partner to reactive supporter. The research also shows that L&D’s involvement in workforce planning discussions similarly declined sharply over this same period.

“L&D needs to reclaim its strategic voice or risk becoming irrelevant,” said Dani Johnson, Co-founder and Principal Analyst at RedThread Research. “More than just talking about being strategic, they need to align, act on, and operationalize it. That means doing things differently, thinking more strategically, and embedding learning into the heart of the organization.”

The report highlights several pressing insights, including:

Declining Strategic Influence: L&D’s diminishing role in strategy discussions has led to a more tactical and reactive function in many organizations.The Importance of Articulating Strategy: Many L&D leaders lack a clearly communicated and well-defined strategy, further compounding their inability to respond effectively to changing business needs.Collaboration as a Cornerstone: Successful employee development requires structured collaboration and cooperation across departments, challenging entrenched mindsets about L&D’s role. L&D functions need a plan for how to best collaborate with other business functions.Balancing Stability with Flexibility: While adaptability is essential, the report argues that stability also forms the foundation for long-term success in L&D efforts.A Five-Part Strategic Framework: The study provides a detailed framework comprising five core elements of an L&D Strategy—Organizational Alignment, Employee Impact, Operations and Governance, Tech and Data, and Stakeholder Engagement.

“Learning and Development can’t afford to play it safe,” added Johnson. “They must be prepared to continually evolve— locking down what works while still flexing to meet what comes next. And they need to double down on strategy to show how that connects back to outcomes — and prove that L&D is not just a cost center but a critical driver of success.”

For access to an infographic of the framework and other exclusive research, navigate to https://members.redthreadresearch.com/spaces/12680089/feed and register for a complimentary Starter Tier membership in the RedThread Research community.

For companies and individuals interested in exploring this research more deeply, RedThread offers exclusive membership opportunities. Join the RedThread research community or the Tech Consortium by visiting the RedThread website (https://www.redthreadresearch.com) or reaching out to RedThread by emailing hello@redthreadresearch.com. 

About RedThread Research

At RedThread Research, we get it.

Sure, we’re experts in performance, people analytics, learning, and D&I – and we’re well-versed in the technologies that support them. But we’re also truth-seekers and storytellers in an industry often short on substance, and too full of #!%. Our mission (indeed, our very reason for existing) is to cut through the noise, and amplify what’s good. We look for the connections (or red threads) between people, data, and ideas – even among seemingly unrelated concepts. The result is high-quality, unbiased, transformative foresight that helps you build a stronger business.

To learn more, visit https://www.redthreadresearch.com.

Heather Gilmartin
RedThread Research
646-275-0742
heathergilmartin@redthreadresearch.com

Media Contact

Heather Gilmartin Adams, RedThreadResearch, 6462750742, heathergilmartin@redthreadresearch.com, https://redthreadresearch.com/

View original content:https://www.prweb.com/releases/redthread-report-reveals-50-drop-in-lds-involvement-in-strategic-discussions-offers-framework-for-reclaiming-influence-302306028.html

SOURCE RedThreadResearch; RedThreadResearch

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SONOR INVESTMENTS LIMITED APPOINTS NEW INTERIM CHIEF FINANCIAL OFFICER AND TREASURER

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15 minutes ago

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November 14, 2024

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TORONTO, Nov. 14, 2024 /CNW/ – Sonor Investments Limited (“Sonor”) announced today that Fanny Chantal Grenier was appointed Treasurer and Chief Financial Officer of Sonor effective November 12, 2024 to replace Rosabell Chung Hun who resigned from this position as of such date.

Michael Gardiner, Chairman and Chief Executive Officer of Sonor, stated “we would like to express our gratitude for Rosabell Chung Hun’s significant contributions and dedication to our company”. He went on to say “for the immediate future, Fanny Chantal Grenier is to be appointed as the interim Chief Financial Officer  and Treasurer of the company until we have a permanent replacement. We are in the process of examining our human resources plan that will be discussed and presented at our next board meeting”.

Ms. Grenier presently holds the position of President of Fairwater Capital Corporation, is a qualified CA CPA and brings extensive experience in financial leadership. She has a proven track record in advancing fiscal responsibility and operational efficiency.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

SOURCE Sonor Investments Limited

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Odyssey Impact’s New Grant Opportunity: $2,500 – $25,000 for Local Nonprofits — But Don’t Bother If You JUST Want to Raise Awareness

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November 14, 2024

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Odyssey Impact is awarding grants ranging from $2,500 to $25,000 to nonprofits (or those with a verified nonprofit fiscal sponsor) with creative and unique ideas for tackling local challenges and bringing people together in person. The Connected Communities Grants are simple and streamlined… no epic application process and no weeks-long recap reports. The grants were created to help bring about impactful and meaningful change that connects and strengthens local communities. The deadline to apply is December 11, 2024 and winners will be announced in January 2025.

NEW YORK, Nov. 14, 2024 /PRNewswire-PRWeb/ — If you’re tired of JUST TALKING ABOUT A PROBLEM, WE’RE WITH YOU. WE WANT TO FIND SOLUTIONS. And if you’re also tired of filling out long applications, running “awareness” campaigns, or spending weeks cobbling together post-grant reports, Odyssey Impact® has some great news for you.

Through the simple and streamlined Connected Communities Grants, Odyssey Impact® is offering up to $25,000 to nonprofits (or those with a verified nonprofit fiscal sponsor) who want to help solve problems in their communities and bring people together in person.

We’re ditching all that in our new SIMPLE AND STREAMLINED Connected Communities Grants, offering up to $25,000 to nonprofits (or those with a verified nonprofit fiscal sponsor) who want to help SOLVE PROBLEMS in their communities.

Grants will range from $2,500 to $25,000 for applicants with CREATIVE and UNIQUE ideas for tackling local challenges and bringing people together IN PERSON. You know what your town needs and we want to help you make it happen.

Our Mandate is Simple: We want creative ways to help connect people in real-time, in meaningful ways.

Odyssey Impact Board President, Riaz Patel, and co-founder of ConnectEffect, underscores the critical importance of real, in-person connection:

“We’re facing an unprecedented epidemic of isolation, alienation, and loneliness. We don’t need more awareness or research to know it’s a massive problem. We need bold, innovative solutions from creative thinkers to reignite a sense of community across America.”

Interested in applying? Awesome! But here’s what we don’t want:

We’re not looking for “scalable” projects. We ARE looking for local and connected.No “awareness campaigns.” We want to help you take real action instead.No “virtual” events. We are funding in-person, live human stuff.Skip the epic applications. We don’t have the time for those either.No weeks-long recap reports. We’d rather see your great pics and videos.No galas, golf tournaments, or fundraisers. We want project- and program-focused ideas.

Got something cool and community-focused in mind? Perfect! We want unique ideas that make sense for your community, and we want you to spell it out clearly (without all the fluff) — how your project will connect people, foster innovation, and bring the community together.

We need this now more than ever, and if you agree, you are our kind of grantee applicant.

You can apply now through December 11th at odyssey-impact.org,

Winners will be announced in January 2025.

Together, we can truly create impactful and meaningful change that connects and strengthens our local communities.

About Odyssey Impact®

Odyssey Impact® ignites creative, actionable solutions that drive real transformation and connection at the local level. By teaming up with innovative community leaders and those who care about their communities, we’re funding projects that are not only visionary, but also perfectly tailored to meet each community’s unique needs.

Through these efforts, Odyssey Impact is laying the groundwork for a future where real community-driven initiatives create much-needed impact & change and bring us all closer together.

Media Contact

Erin Carenzo, Odyssey Impact, 1 8183817336, erin@carenzoagency.com, https://odyssey-impact.org/

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SOURCE Odyssey Impact; Odyssey Impact

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