Technology

Industrial Robotics Market to Grow by USD 16.71 Billion (2024-2028), Rising Demand for Industrial Robots, Report on AI-Driven Market Trends – Technavio

Published

1 year ago

November 26, 2024

NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global industrial robotics market size is estimated to grow by USD 16.71 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.26% during the forecast period. Demand for industrial robots is driving market growth, with a trend towards integration of IoT with robotics. However, lack of skilled workers to operate industrial robots poses a challenge.Key market players include ABB Ltd., b m surface systems GmbH, Comau Spa, DENSO Corp., Durr AG, FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Relay Robotics Inc., Rethink Robotics GmbH, Robert Bosch GmbH, Rockwell Automation Inc., Seiko Epson Corp., Shenyang Xinsong Robot Automation Co. Ltd., Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp..

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Industrial Robotics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.26%

Market growth 2024-2028

USD 16.71 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.78

Regional analysis

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

Performing market contribution

APAC at 38%

Key countries

US, China, Japan, India, and Germany

Key companies profiled

ABB Ltd., b m surface systems GmbH, Comau Spa, DENSO Corp., Durr AG, FANUC Corp., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Relay Robotics Inc., Rethink Robotics GmbH, Robert Bosch GmbH, Rockwell Automation Inc., Seiko Epson Corp., Shenyang Xinsong Robot Automation Co. Ltd., Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp.

Market Driver

Industrial robotics market is witnessing significant trends in automation, with robots taking over repetitive tasks in various sectors. France, India, South Africa, and the Middle East are key regions driving this development. Companies like Yaskawa Electric and Denso are at the forefront of this industry, providing productivity-enhancing technologies for material handling, welding, and SCARA robots. Automation solutions are essential for industries dealing with manufacturing processes that require precision, consistency, and flexibility. Robots are being integrated into production lines for tasks such as painting, soldering, and assembly, addressing the labor shortage. Industry 4.0 is pushing the role of robotics technology to new heights, with advancements in artificial intelligence, sensors, and integration capabilities. The robot market is forecasted to grow, with China and India being major players. Cobots and machines with multiple axes are becoming increasingly popular due to their flexibility and cost-effectiveness. Production lines in the U.S., Brazil, and Singapore are adopting automation solutions to enhance efficiency and product quality. Deployment of automation solutions in supply chains and assembly lines is a trend, with competition driving down costs and improving delivery times. Robots are being used to monitor and program operations, ensuring consistency and safety in manufacturing processes. The future of industrial robotics lies in the integration of robotics technology with artificial intelligence, allowing machines to learn and adapt to their environment. This will lead to more advanced automation solutions, meeting the needs of industries and enhancing the role of robots in manufacturing processes.

The Industrial Robotics Market is experiencing significant growth due to the integration of the Internet of Things (IoT) in manufacturing processes. IoT allows for seamless data transfer between devices, leading to increased automation in industries. Smart and wireless devices, along with cloud technology, are driving the future of industrial robots, such as articulated robots. These robots offer real-time performance data, enhancing efficiency and productivity. Vendors are responding to market competition by offering IoT-enabled articulated robots, providing valuable insights for optimizing industrial operations.

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Market Challenges

The Industrial Robotics Market is experiencing significant growth as automation becomes a necessity for businesses to increase productivity and efficiency in various sectors. In France, for instance, the manufacturing industry is at the forefront of this development, with sectors like material handling, welding, and painting adopting robots for tasks that require precision and consistency. Companies like Yaskawa Electric and Denso are major players in this market, providing automation solutions that integrate sensors and artificial intelligence for flexibility and product quality. The market for industrial robots is diverse, with types ranging from SCARA and Cartesian robots to cobots and robots for tasks like soldering and welding. The robot market in China and India is forecasted to grow due to the need for automation and the shortage of labor. In South Africa and the Middle East, industries are deploying robots to improve capacity and reduce labor costs. Manufacturing processes in the U.S., Brazil, and Singapore are also adopting robotics technology to enhance production lines and improve delivery consistency. Robots are being used in assembly lines, material handling, and even in vehicle manufacturing. The role of robotics technology in Industry 4.0 is becoming increasingly important as machines become more interconnected and require monitoring and programming for optimal efficiency. Despite the benefits, challenges remain, including the initial costs of deployment and maintenance. The competition in the market is fierce, with companies striving to offer the most advanced technologies and capabilities. The future of industrial robotics lies in the integration of artificial intelligence and advancements in safety features, making robots an essential tool for businesses looking to stay competitive in today’s manufacturing landscape.Industrial robots offer numerous advantages in manufacturing processes, including enhanced accuracy and productivity. However, the market growth is hindered by the challenge of acquiring a skilled workforce. End-users face difficulties in finding workers with the necessary qualifications to operate and maintain robotic technology. Industrial robots require a high level of technical expertise, making it essential for operators to have a solid understanding of data exchange between the robots and the assembly line. Unfortunately, not all workers possess the required skills, limiting the adoption of robots in industrial settings. Consequently, there is a pressing need for training programs to upskill the workforce and prepare them for the integration of advanced robotics in manufacturing facilities.

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Segment Overview

This industrial robotics market report extensively covers market segmentation by

Type 1.1 Articulated1.2 SCARA1.3 Cylindrical1.4 OthersEnd-user 2.1 Electrical and electronics2.2 Automotive2.3 Metal and machinery2.4 Pharmaceuticals2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Articulated- Articulated robots are a prominent segment in the industrial robotics market, providing adaptability and flexibility across numerous industries, including automotive, metals and machinery, and pharmaceuticals. These robots, which mimic human arm movements through multiple rotary joints, enable them to navigate confined spaces and execute intricate tasks with precision. The 6-axis robot, offering six degrees of freedom, is the most widely used configuration for articulated robots. Renowned for their high accuracy and dexterity, these robots are employed for applications such as material handling, welding, painting, and assembly. In the automotive sector, they are frequently utilized for tasks like spot welding, which necessitates precise placement at various locations on a car body. The size and configuration of the robot determine its payload capacity, ranging from entire car bodies to tiny electronic components. The expanding capabilities and performance of robotics technology are expected to drive the growth of the global industrial robotics market’s articulated segment throughout the forecast period.

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Research Analysis

Industrial robotics is revolutionizing manufacturing processes by automating repetitive tasks, enhancing productivity, and improving product quality. Technologies such as SCARA robots, cobots, and industrial vehicles are transforming material handling, welding, soldering, painting, and other sectors. The role of industrial robots extends beyond factories, with applications in manufacturing processes for various industries. Development in robotics is at the forefront of Industry 4.0, integrating sensors, artificial intelligence, and machine learning for greater flexibility and consistency in production lines. Capacity and precision are key benefits, reducing labor costs and increasing efficiency. Maintenance and integration with supply chains are crucial considerations, with forecasts predicting continued growth in the robot market. Production lines and assembly lines are becoming smarter and more automated, leading to cost savings and improved client satisfaction.

Market Research Overview

Industrial robotics is a dynamic and evolving market that focuses on automating various tasks in manufacturing processes. This sector encompasses technologies such as SCARA, welding, material handling, and painting robots, among others. The market is witnessing significant growth in sectors like automotive, electronics, and food and beverage, driven by the need for increased productivity and consistency. France, India, South Africa, and the Middle East are among the regions experiencing rapid development in industrial robotics. Technologies like Industry 4.0, artificial intelligence, and sensors are at the forefront of this growth, enabling machines to learn and adapt, and providing flexibility in production lines. The role of robotics in manufacturing processes is becoming increasingly important as labor costs rise and the need for precision, efficiency, and flexibility grows. Robots are being deployed in a variety of industries, from material handling and welding to soldering and painting. The market for industrial robots is expected to continue growing, with forecasts indicating a significant increase in sales over the next few years. The robot market in China and India is expected to see particularly strong growth, driven by the scale of their manufacturing industries and the need for automation solutions. The deployment of industrial robots is not without challenges, however. Maintenance and integration into existing production lines can be complex, and there is a shortage of skilled labor to program and operate the machines. Despite these challenges, the benefits of industrial robotics, including increased capacity, improved product quality, and reduced labor costs, make it a vital part of modern manufacturing processes.

Table of Contents:

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

TypeArticulatedSCARACylindricalOthersEnd-userElectrical And ElectronicsAutomotiveMetal And MachineryPharmaceuticalsOthersGeographyAPACEuropeNorth 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

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Email: media@technavio.com
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Technology

SiMa.ai Wins Edge AI + Vision Alliance 2026 Product of the Year for Modalix SoM

Published

37 seconds ago

April 20, 2026

SAN JOSE, Calif., April 20, 2026 /PRNewswire/ — SiMa.ai, a leader in Physical AI, today announced it has been named the winner of the “Best Edge AI Board” by the Edge AI + Vision Alliance’s 2026 Product of the Year Awards — recognizing breakthrough innovation where machine intelligence meets real-world applications.

“We are moving from passive edge to Physical AI — where machines reason and act autonomously in the real world. Being recognized by the Edge AI and Vision Alliance affirms what SiMa.ai was founded to deliver: high performance without the power drain, and a true platform for this transition. Our purpose-built Modalix MLSoC, paired with Palette, our software suite, addresses the full spectrum of use cases — from computer vision to reasoning-based analytics. Combined with our deep partner collaboration, we are enabling customers across industries to get to market faster and more efficiently,” said Durga Peddireddy, Vice President of Product Management & Partnerships, SiMa.ai.

This recognition builds on the momentum of SiMa.ai’s Modalix™ MLSoC System-on-Module (SoM), launched in 2025. Modalix powers generative AI (GenAI), computer vision, and machine learning (ML) inference at the edge, combining Arm-based compute, advanced vision processing, and high-bandwidth I/O into a single, low-power module designed for power-constrained environments.

Physical AI deployments often face significant hurdles, including high power consumption, thermal limits, and the need for expensive hardware redesigns. The Modalix platform addresses these challenges by allowing customers to modernize existing systems quickly, bringing powerful AI closer to the data source without requiring a total infrastructure overhaul.

By enabling advanced perception, multimodal reasoning, and real-time decision-making directly on-device, the platform eliminates the need for high-power GPU hardware. This efficiency unlocks scalable deployments across industrial automation, robotics, and intelligent video applications.

The Edge AI + Vision Alliance brings together leading multinational companies and emerging innovators, connecting thousands of technical professionals across the industry. As the winner of the “Best Edge AI Board” category for the 2026 Product of the Year Awards, SiMa.ai is recognized for Modalix’s ability to deliver efficient, high-performance Physical AI at the edge in under 10W.

About SiMa.ai
SiMa.ai is a leader in Physical AI, delivering a purpose-built, software-centric platform that brings best-in-class performance, power efficiency, and ease of use to Physical AI applications. Focused on scaling Physical AI across robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare, SiMa.ai is led by seasoned technologists and backed by top-tier investors. Headquartered in San Jose, California. Learn more at www.sima.ai.

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Technology

Critical Minerals Standards: ANSI Launches Initiative to Strengthen U.S. Supply Chains and Request for Information

Published

1 minute ago

April 20, 2026

New initiative maps the standards landscape, convenes stakeholders, and builds toward a national strategy

NEW YORK, April 20, 2026 /PRNewswire/ — The American National Standards Institute (ANSI) is launching a multi-phase initiative to strengthen U.S. coordination on critical minerals standards — the shared rules and benchmarks that help ensure minerals are sourced responsibly, supply chains remain secure, and American industry stays competitive globally. This initiative moves forward thanks to the U.S. Department of Energy’s Advanced Mining and Mineral Production Technologies Office, whose partnership made it possible to act on one of the nation’s most pressing industrial priorities. It directly responds to U.S. government priorities to secure domestic supply chains and reduce dependence on foreign sources of critical minerals.

This effort brings together U.S. stakeholders to coordinate national standards priorities, positioning American industry and government to contribute meaningfully to the success of the G7 Critical Minerals Standards Roadmap while harnessing the momentum of the current administration’s focus on supply chain resilience and domestic competitiveness.

The initiative includes a standards landscape assessment, a webinar series, a two-day hybrid workshop, and a summary report with recommended next steps. A call for webinar speakers and a request for information for the standards landscape is open.

Why This Matters

Critical minerals are foundational to national defense, clean energy, advanced electronics, manufacturing, and infrastructure. Yet as global demand rises, the U.S. faces real risks: fragmented efforts at home, supply chain vulnerabilities, and growing urgency to align on the international rules that govern how these materials are sourced, processed, and traded.

Standards bring order to that complexity. They promote transparency and traceability across supply chains, help U.S. companies access global markets, and give the public and private sectors a common framework for investment. Without a coordinated approach, the U.S. risks ceding influence to competitors who are already moving.

What the Initiative Includes

ANSI connects the organizations that develop standards with the industries that rely on them. To accelerate U.S. leadership on critical minerals, ANSI will deliver:

A standards landscape assessment that maps the current state of play: which standards exist, which organizations develop them, where work is underway, and where gaps remain. The assessment will cover the full supply chain — from extraction through processing, manufacturing, and recovery — and consolidate prior mapping efforts into a single, accessible resource. A Request for Information (RFI) is open.A webinar series to raise awareness of existing standards and regulatory activities related to critical minerals, including a dedicated session for U.S. government stakeholders. Briefings will feature standards developers working across the supply chain. Speakers invited and registration is open.A two-day hybrid workshop convening federal agencies, standards organizations, and industry to identify high-priority needs, explore challenges, and inform the development of a U.S. critical minerals standards strategy this September in the Washington, DC area. A summary report will capture key findings, gaps, and recommended next steps.

Ongoing Coordination

ANSI also convenes a quarterly U.S. ISO Critical Minerals Standards Coordination Group for members of U.S. delegations to ISO Technical Committees. The group serves as a forum to share information, coordinate engagement, and align international standards activities. The next meeting is April 24 — registration is now open.

About ANSI

The American National Standards Institute (ANSI) is a private non-profit organization whose mission is to enhance both the global competitiveness of U.S. business and the U.S. quality of life by promoting and facilitating voluntary consensus standards and conformity assessment systems, and safeguarding their integrity. Its membership is comprised of businesses, professional societies and trade associations, standards developers, government agencies, and consumer and labor organizations.

The Institute represents and serves the diverse interests of more than 270,000 companies and organizations and 30 million professionals worldwide. ANSI is the official U.S. representative to the International Organization for Standardization (ISO) and, via the U.S. National Committee, the International Electrotechnical Commission (IEC). For more information, visit www.ansi.org and access the latest news and content on LinkedIn, X, and Facebook.

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Technology

Bobby Lehew Named commonsku’s Chief AI Officer — an Industry First in Promo

Published

1 hour ago

April 20, 2026

TORONTO, April 20, 2026 /CNW/ – commonsku, the connected workflow platform trusted by 950+ distributors driving $1.9 billion in network volume, today announced the creation of a dedicated AI + Strategy role, promoting Bobby Lehew to Chief AI Officer to lead the company’s AI initiative for customers and the platform. The move makes commonsku the first platform in the promotional products industry to invest at the leadership level in AI strategy shaped directly by distributor needs.

The new role bridges the gap between what AI can do and what commonsku’s customers need it to solve, owning the intelligence loop between customers, product, and the AI landscape. What makes the role distinct: it combines AI landscape intelligence, product strategy influence, direct customer engagement, and industry thought leadership in a single role.

A Natural Evolution

Lehew brings more than 30 years of experience in the promotional products industry to the role. Prior to joining commonsku, he was the CEO of Robyn Promotions, a company among the first wave of distributors who architected the model of technology driven e-commerce company stores in the industry, earning three consecutive Inc. 5000 rankings. Always tech-forward in his work, his industry recognition includes multiple Gold and Silver PPAI Pyramid Awards.

The shift to AI strategy is a natural next chapter for Lehew. At commonsku, he built the company’s content engine from scratch — co-hosting the skucast (350+ episodes, the #1 promotional products podcast) while leaning heavily into AI for all his work. He is editor of The AI Promo Brief, the industry’s go-to resource for AI developments in promotional products, and speaks frequently on the future of merch and the cultural shifts transforming how we sell. At PPAI Expo 2026, his AI session packed the room to capacity and was named a must-attend session by PPAI editors. The industry has been watching Lehew move deeper into AI for over a year. This role makes it official.

Investing in AI for Customers

“The industry is at an inflection point with AI, and distributors need a partner who understands their business,” said Catherine Graham, CEO of commonsku. “commonsku has always been built ‘by promo, for promo.’ Bobby has three decades of that expertise, a passion for helping our customers, and the strategic insight to shape AI tools for future growth. This role reflects our mission: making sure our AI tools solve real problems for real distributors.”

“The companies pulling ahead are the ones leading with customer intelligence – letting what they learn from their community shape what they build and advancing with the frontier of AI development. That’s what this role is designed to do. I’ll be talking with our customers at every level about AI and making sure the features we build make work smarter, drive growth, and eliminate friction.” said Lehew.

“Bobby and I have been creative partners for years, always pushing each other to see around corners for this industry,” said Mark Graham, President of commonsku. “We’ve launched multiple projects together and helped educate and raise the standard for what the future distributor can look like. This role is a natural evolution of that passion. He deeply understands the industry and the distributor’s pain points, and he sees with us an incredible opportunity with AI. We’re thrilled to build commonsku’s AI future together.”

commonsku’s AI investments are already in motion. The skubot Mockup Generator is in beta with Advanced and Enterprise customers, a new Opportunity Agent is entering beta as an AI-powered business intelligence tool, and the company’s immediate roadmap includes a Description Rewriter, Auto-Art Configuration, and a Presentation Generator with much more to come.

About commonsku

commonsku is the workflow platform of choice for the promotional products industry. Built by industry experts, it combines CRM, order management, and social collaboration tools in one cloud-based solution. Over 950 distributors and the industry’s largest suppliers rely on commonsku to power $1.9 billion in network volume. With commonsku, teams process more orders, work more efficiently, and grow their sales faster. Learn more at www.commonsku.com.

SOURCE commonsku