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The Robot Report
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Interact Analysis identifies opportunities for motion control and robotics
- Global machinery industry sales have been impacted by high interest rates, elevated inventory, and sluggish demand making it a tough year for the industry overall.
- Despite this, innovative technologies continue to create new opportunities for Motion Control (MC), attracting new entrants to the market through product launches or partnerships.
- Interact Analysis has identified 2 new growth areas through their research and conversations with manufacturers- smart conveyance technology and robots with machine-integrated control.
- Smart conveyance technology is available as either planar or linear systems.
- The market for linear systems has surged over the past 3 years, with sales revenue growing from $237 million in 2020 to $488 million in 2023.
- By 2029, sales of linear systems could exceed $1.1 billion, nearly five times the market size in 2020, according to Interact Analysis.
- The term machine-integrated robots refers to robots that are fully integrated into machine control platforms.
- The shortage of experienced engineers is one of the major drivers of growth for the machine-integrated robot market.
- The surging smart conveyance market and the emergence of machine-integrated robots offer new opportunities to MC suppliers.
- Driven by the trends of digitalization, flexibility, and ease of use in the manufacturing industry, both technologies are expected to increase their penetration in the machinery industry.
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