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Robotics Market: Logistics Expansion Drives 135.68 billion by 2031 Warehouse Automation Boom | SkyQuest Technology

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WESTFORD, Mass., June 24, 2024 /PRNewswire/ — As per SkyQuest, the Global Robotics Market size was valued at USD 34.06 billion in 2022 and is poised to grow from USD 39.71 billion in 2023 to USD 135.68 billion by 2031, growing at a CAGR of 16.60% during the forecast period (2024-2031).

Robots have been incorporated into manufacturing processes to increase productivity and improve the quality of associated vehicles. Digitization and the Industry 4.0 revolution are forcing the growth of automation in companies to use advanced automated solutions such as robotics and control systems to enhance their production processes. Robotics uses many key elements of Industry 4.0, including connectivity and data included. Siemens recently entered a joint venture with Google Cloud integrating Google Cloud’s data cloud and artificial intelligence/machine learning technology with Siemens’ factory automation solutions.

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Robotics Market Overview: 

Report Coverage 

Details 

Market Revenue in 2023 

$ 39.71 billion 

Estimated Value by 2031 

$ 135.68 billion 

Growth Rate 

Poised to grow at a CAGR of 16.60% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage 

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Type, Application, Purpose and End-user

Geographies Covered 

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights 

Updated financial information / product portfolio of players 

Key Market Opportunities 

Government initiatives and fundings

Key Market Drivers 

Increasing Adoption of Robots in the Logistics Sector

Segments covered in Robotics Market are as follows:

TypeIndustrial Robotics, Services RoboticsApplicationDisinfection, Shelf Scanning, Delivery, Security & Inspection, Advertising, Manufacturing, OthersPurposeDomestic Purpose, Professional PurposeEnd-userAutomotive, Logistics & Transportation, Agriculture, Chemical, Healthcare, Entertainment, Electric, Domestic Service, Others

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https://www.skyquestt.com/speak-with-analyst/robotics-market

Boston Dynamics

Boston Dynamics is a pioneer in advanced robotics, known for its sophisticated humanoid and quadruped robots. The company focuses on building robots with sophistication, dexterity and mobility, pushing the limits of what a robot can do. 

Strategies 

Commercialization: A shift from research sampling to commercial products, targeting industries such as logistics and manufacturing. 

Advanced mobility: Investing heavily in research and development to develop robots that can move at high speeds and navigate difficult terrain. 

Collaborative Robots: Examines how robots are integrated into human workflows, with an emphasis on safety and efficiency. 

Recent News 

Expanding Spot Applications (2023): Boston Dynamics has expanded the applications of its Spot robot, including remote monitoring and logistics support.

Contribution 

Boston Dynamics’ innovations in Dynamic Robotics have dramatically improved the capabilities of robots in a variety of industries. 

iRobot

iRobot Corporation is a leading consumer robot company, known for its Roomba autonomous vacuum cleaner and Braava robotic mops.

Recent News 

Roomba j7+ (2023) launched: Roomba j7+ will be introduced with advanced AI navigation and obstacle avoidance capabilities, providing more efficient cleaning and user convenience.

Strategies 

Customer Insight: Constantly innovating to improve the functionality and user experience of their robotic vacuum cleaners and mops. 

Expansion into smart homes: By integrating their robots into the smart home ecosystem, users can remotely control and manage their devices. 

Diversify: Look for opportunities beyond vacuuming and mopping, such as robotic lawn mowers and pool cleaners. 

Contribution 

iRobot Corporation popularized consumer robots, making robots a common sight in homes around the world. Their focus on user-friendly design and practical features has accelerated the adoption of robots in everyday life.

ABB Robotics

ABB Robotics is a global leader in industrial robotics, providing automation solutions for manufacturing processes and industrial processes. The company offers a wide range of robots and robotic systems to fit the needs of specific industries.

Strategies 

Industrial Automation: Provision of robotic solutions for a variety of manufacturing processes, including assembly, welding, painting and material handling. 

Collaborative Robots: Collaborative robots (cobots) that can work with humans, increasing flexibility and productivity in manufacturing facilities.

Digitization: Integrating robots with digital technologies such as IoT, AI and cloud computing to enable predictive maintenance and optimize production.

Recent News 

Collaborative robot portfolio expansion: ABB has introduced new cobot models with improved safety features and payload capabilities, which take care of a wide range of products.

Partnering for Industry 4.0: Collaborate with other technology companies to develop integrated solutions for Industry 4.0 initiatives, such as smart workplaces and digital twins. 

Contribution 

ABB Robotics has revolutionized industrial automation, enabling manufacturers to improve productivity, quality and safety. Their innovative robotic solutions play a key role in the transition to simpler and more efficient manufacturing.

Universal robots

Universal Robots is a pioneer in collaborative robotics, specializing in lightweight and easy-to-use robotic arms designed to work with human workers. The company focuses on empowering businesses of all sizes to automate routine tasks to increase productivity. 

Strategies

Cobots for Small and Medium Enterprises (SMEs): They offer affordable and flexible cobots that are easy to use and program, meeting the needs of SMEs with limited automation expertise.

Application flexibility: Cobots are built with versatile end-effectors and modular design, allowing rapid adaptation for different tasks and workflows.

Recent News

UR10e announced (2022): Universal Robots launched the UR10e cobot, expanding its portfolio with a larger robot to handle heavier loads and larger tasks

Expansion in Education (2021): Universal Robots partnered with educational institutions to provide cobots for robotics training and education programs.

Contribution 

Universal Robots has democratized robotics by making automation accessible to SMEs, empowering them to improve productivity and competitiveness through flexible and cost-effective robotic solutions.

Kuka Robotics

KUKA Robotics is a leading industrial robotics and automation company, known for its high-performance robotics and innovative solutions.

Strategies 

Smart Factory Solutions: They provide integrated automation solutions for smart factories and Industry 4.0 environments. 

Robotic Systems Integration: Provide turnkey robotic systems and integration services for various industries, including automotive, aerospace, and logistics.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/robotics-market

Recent News

Launch of the KR QUANTEC Series (2023): KUKA introduced the KR QUANTEC series of next-generation industrial robots, featuring improved productivity, accuracy and flexibility.

Contribution 

KUKA Robotics leads the way in industrial automation, driving innovation with its advanced robotic solutions and system integration expertise, helping to increase efficiency and productivity in manufacturing and beyond.

Robotics Revolution: Pioneering Tomorrow’s Automated World 

Robotics and AI truly have the potential to transform our world, helping us navigate a rapidly changing future with greater confidence and optimism. Whether we embrace or resist this emerging technology, it will continue to play an increasingly important role in all our lives. 

While most humanoid robots remain in science fiction, robotic machines are all around us. These technological innovations are already helping us in many aspects of life and could change our future.

Related Reports:

Service Robotics Market

Delivery Robots Market

Warehouse Robotics Market

Smart Robot Market

SCARA Robot Marketv

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Axon Announces Body 5: Next-Generation Camera Built for the AI Era

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Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field

SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.

For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.

“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”

Axon Body 5: Built for the AI Era

Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day. 

For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.

Both models feature several key advancements, including:

25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.

The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:

A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.

Bringing More of Axon’s AI Era Into the Field

Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.

Increasingly, Axon is also bringing AI into real-time operations.

Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:

Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.

Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.

Innovating Responsibly

Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.

General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.

About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility. 

Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.

Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

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SOURCE China Daily

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