This is you Robotics Industry Insider: AI & Automation News podcast.
As we reflect on the dynamics of the robotics and automation industry, it's clear that significant advancements are underway. The global industrial automation market is projected to reach $590.9 billion by 2035, growing at a compound annual growth rate of nine percent from 2025 to 2035, driven by increased demand for operational efficiency and technological advancements, as noted by Spherical Insights & Consulting.
In the realm of industrial robots, the number of installations worldwide has more than doubled in the last decade, with Asia accounting for the largest share. This trend is expected to continue, with over 700,000 units projected by 2028, according to Wiley Industry News. Collaborative robots are also gaining traction, being integrated into various manufacturing processes to enhance safety and productivity.
Artificial intelligence integration in robotics is a key area of focus, with companies like Diligent Robotics expanding their advisory boards to accelerate safe and scalable AI solutions. This integration is crucial for developing more sophisticated automation systems that can adapt to complex tasks and environments.
Recent news highlights include the launch of the StackTrax Dual 7th Axis by IPR Robotics, which extends robot reach and flexibility, and the recognition of Locus Robotics as a global leader in autonomous mobile robots. Additionally, MassRobotics is opening applications for its Healthcare Robotics Catalyst Program, aiming to drive innovation in medical robotics.
From a market perspective, the agricultural robotics sector is experiencing rapid growth, expected to reach $84.19 billion by 2032, driven by the need for automation and sustainable farming practices. This growth underlines the potential for robotics to transform diverse industries, from manufacturing to agriculture.
As listeners consider these developments, it's essential to stay informed about the latest technologies and partnerships. The future of robotics and automation holds much promise, with trends pointing towards increased adoption of AI and collaborative robots across various sectors.
Thank you for tuning in today. Join us again next week for more insights into the world of robotics and automation. This has been a Quiet Please production. For more, check out Quiet Please Dot AI.
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