Technology

Future of Robotics to 2030 Market and Beyond – Exclusive Report by MarketsandMarkets™

Published

2 years ago

January 10, 2025

DELRAY BEACH, Fla., Jan. 10, 2025 /PRNewswire/ — The report “Future of Robotics – Cobots, Humanoid & Soft Robots, Swarm Robotics, by Technology (Artificial Intelligence, Digital Twin, AR/VR, Cloud Computing), Industry (Automotive, Smart Cities, Space Exploration, Logistics, Agriculture) – Global Forecast to 2030 according to a new report by MarketsandMarkets™”. The robotics industry is rapidly evolving, driven by technological advancements and market demands. With AI, machine learning, and IoT integration, robots are becoming more autonomous, intelligent, and interconnected. Key trends like human-robot collaboration, advanced automation, and enhanced adaptability will shape the future of robotics, transforming industries and driving efficiency.

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The rise of collaborative robots and their role in transforming the future of robotics

Collaborative robots are revolutionizing robotics by enabling humans and machines to work together seamlessly. Unlike traditional robots that operate in isolation, cobots are designed to collaborate with human workers, improving efficiency and safety across industries. By automating repetitive, dangerous, or physically demanding tasks, cobots free up human workers to focus on higher-value, strategic roles. Recent advancements in AI, machine learning, and sensors have made cobots smarter and more adaptable, allowing them to learn tasks, adjust to new environments, and interact with other machines in real-time. Their flexibility to be quickly reprogrammed for different tasks makes them ideal for dynamic production environments. Equipped with safety features like collision detection and force sensing, cobots work safely alongside humans, fostering safer and more productive workplaces. As key enablers of Industry 4.0, cobots are fully integrated with the Industrial Internet of Things (IIoT), optimizing workflows and enabling data-driven decision-making. Looking beyond 2030, cobots will become even more autonomous, powered by next-gen technologies like 5G and augmented reality, transforming industries and creating human-centric workplaces that drive innovation and productivity.

AI’s Revolutionary Influence on Robotics and Its Future Implications

AI is transforming robotics by making systems smarter, more adaptive, and autonomous. It empowers robots to process real-time data, make independent decisions, and optimize workflows, boosting efficiency and reducing errors. AI-driven computer vision enables robots to recognize objects, understand their surroundings, and adjust to dynamic conditions, making them ideal for precision tasks. In manufacturing, robots perform assembly and inspection with unmatched accuracy, while in logistics, they streamline warehouse operations. In healthcare, AI-powered robots assist in surgeries and patient care, ensuring high precision and safety. Collaborative robots (cobots) benefit from AI by interacting safely with humans, adapting to their actions, and ensuring smooth cooperation. AI also advances predictive maintenance, allowing robots to monitor their own performance, detect potential issues, and schedule maintenance to minimize downtime. Additionally, AI enables robots to learn and adapt to specific tasks through machine learning, enhancing flexibility. By embedding intelligence into automation, AI is driving innovation across industries like automotive, aerospace, electronics, and agriculture, creating systems that can handle complex tasks and optimize operations. In the coming years, AI will continue to shape the future of robotics by enabling even more autonomous, intelligent systems that will redefine industries, streamline processes, and create new opportunities for human-robot collaboration, pushing the boundaries of innovation and operational efficiency.

The Impact of AR and VR on Robotics’ Future Development

Augmented Reality (AR) and Virtual Reality (VR) are revolutionizing robotics by enhancing design, training, and operational efficiency. AR improves human-robot interaction by overlaying digital information onto real-world environments, allowing for better visualization of robotic systems and optimized workflows. For example, ABB Robotics uses AR to simulate robotic systems before physical construction, reducing costs and development time. In training, VR offers immersive environments where operators can practice without risk, while AR provides real-time guidance during complex tasks. This combination is especially beneficial in hazardous jobs, where VR-controlled robots enable remote operation for enhanced safety. Furthermore, the integration of AR with Artificial Intelligence (AI) enhances robot performance through intuitive controls and feedback, facilitating advanced applications like robot-assisted surgery and navigation. The synergy of AR, VR, and robotics promises to drive significant advancements across industries like healthcare, manufacturing, automotive, aerospace, and logistics, shaping the future of robotics in the years to come.

Humanoid Robots Are Pioneering a New Era in Human-Machine Collaboration.

Humanoid robots are advanced machines designed to replicate human form and behavior, enabling them to perform tasks alongside humans in industries like manufacturing, healthcare, logistics, and retail. Powered by cutting-edge technologies such as AI, mechatronics, and advanced sensors, these robots are engineered to operate in dynamic environments like factories, warehouses, and hospitals. Companies like Tesla, Boston Dynamics, and Agility Robotics are leading the way, investing heavily in AI-powered robots that are becoming increasingly capable and versatile. Tesla has already integrated its Optimus robots into its factory operations, with plans for wider deployment, while Agility Robotics is building a factory in Oregon to produce 10,000 robots annually. The US and China are at the forefront of this revolution, driven by significant investments and rapid technological advancements. Humanoid robots will transform industrial operations as they evolve to become more intelligent, adaptable, and cost-effective. Over the coming years, they will seamlessly integrate into human environments, improving efficiency, safety, and quality of life across sectors, marking the beginning of a new era in robotics.

Swarm robotics will shape the future of automation and efficiency

Swarm robotics is an emerging field inspired by the collective behavior of social insects like ants, birds, and bees. It involves coordinating simple, autonomous robots that work together to accomplish complex tasks. Unlike traditional robots, which are often centrally controlled and sophisticated, swarm robots operate through decentralized control. Each robot makes decisions based on local information, and through simple rules and interactions, the swarm exhibits emergent behavior that allows it to adapt and complete large-scale tasks. This approach offers advantages such as scalability, resilience, and flexibility, making swarm robotics ideal for applications like search and rescue, environmental monitoring, manufacturing, agriculture, and space exploration. The ability of swarm robots to function autonomously and collaborate without central control enables them to operate in challenging environments, such as disaster zones or distant planets. As technology advances, swarm robotics will play a pivotal role in shaping the future of robotics, offering innovative solutions that enhance automation, efficiency, and adaptability across various industries in the coming years.

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Asia-Pacific region is leading the way in robotics innovation

The future of robotics in the Asia-Pacific region is set for significant transformation, driven by rapid industrialization, technological innovation, and strong government support. China’s “Made in China 2025″ initiative is advancing robotics in manufacturing and healthcare, focusing on automation to boost efficiency and reduce labor costs. Japan’s “Society 5.0” strategy is integrating AI and robotics into daily life, particularly in automotive and electronics, with companies like Fanuc and Yaskawa leading in collaborative robots. India is emerging as a key player in service robotics, with a growing number of startups focused on healthcare and domestic automation solutions. The Indian government is supporting this growth through schemes like the “Production Linked Incentive” (PLI) scheme and “Startup India,” encouraging innovation and research in robotics. Additionally, initiatives like “Atmanirbhar Bharat” aim to promote self-reliance in technology, fostering the development of affordable, scalable robotic solutions. South Korea’s Smart Factory initiative is modernizing manufacturing through AI, while also advancing medical robotics. These nations are collectively reshaping industries, positioning the Asia-Pacific region as a global leader in robotics in the next 5-10 years.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Technology

VYLIT OPENS ITS CREATOR ADVISORY BOARD, GIVING CREATORS EQUITY IN THE PLATFORM

Published

41 minutes ago

July 23, 2026

Reality star & chef Dom DeAngelis, model & creator Cydney Moreau, and creator-entrepreneur Crystal Jackson named as founding members, with applications now open for creators who want a voice in how the platform is shaped

MIAMI, July 23, 2026 /PRNewswire/ — Vylit, the 18+ creator-first social platform co-founded by Ami Gan, former CEO of OnlyFans, and seasoned entrepreneur Kailey Magder, is opening applications for its Creator Advisory Board, which will include a select group of creators that will have a strong voice in shaping the platform they use and earn on.

Vylit is inviting creators not just to join the platform, but to help build it, with real shares in the company reserved for those who contribute to its growth, culture and direction. The Creator Advisory Board will give creators a direct voice in building Vylit’s community, the platform’s development and creator tools, along with ownership in the business they’re helping grow.

Applications are now open. Creators can apply by emailing vylit@vylitworld.com with their name, bio and social handles.

Vylit is launching the board with three founding members who show the range of creators it’s built for.

Dominic DeAngelis, known from YouTube and Vanderpump Villa, where his culinary skills earned recognition from viewers around the world, has been using the platform to share behind-the-scenes and day-in-the-life content with his subscribers — the kind of direct, monetized relationship with fans that Vylit is designed around.

“Social media sucks right now. The algorithms are negative, you don’t even see the people you follow anymore, and creators are struggling to find real connections with their fans,” said DeAngelis. “I’m thrilled to be part of a platform that’s doing it differently. Vylit is actually listening to creators and building with us, not just for us.”

Cydney Moreau, a Louisiana-born former track athlete turned model and creator with a following across fitness, fashion and lifestyle, balances her work with life as a mom. Vylit is where she’s turning that following into a business for the first time, on her own terms.

“As someone who is monetizing my content for the first time, knowing that I will have a say in how the platform treats other creators means everything,” said Moreau. “It’s not every day a platform actually wants creators in the room while they’re building it. Knowing Vylit is making decisions with our interests at heart gives me the confidence to build here, and I’m excited to help shape where this goes.”

Crystal Jackson, known to millions of followers as Mrs. Poindexter, is the co-founder of EssentL, a company building business infrastructure and benefits for creators. A former engineer turned multi-platform creator and entrepreneur, she brings an operator’s understanding of what creators actually need from the platforms they build on.

“I’ve spent years building an audience and a business across platforms that weren’t built for today’s creator ecosystem,” said Jackson. “What drew me to Vylit is that they’re handing creators actual ownership and a real say in the decisions that affect us. That’s not something I’ve seen anyone else do, and I want to help build it right.”

Since launching, Vylit has positioned itself as the “HBO of social media,” a space between traditional social media and adult subscription platforms, where creators can be expressive, marketable and in control. The Creator Advisory Board takes that further. Rather than building the platform for creators and handing it over, Vylit is building it with them, giving them direct ownership and a say in its direction.

“The users driving value should have a say in the business,” said Ami Gan, Co-Founder and CEO of Vylit. “Creators understand culture and digital monetization better than anyone. At Vylit, that expertise earns them a real seat at the table.”

“We didn’t want to build another platform where creators show up after the fact,” added Kailey Magder, Co-Founder and COO of Vylit. “We want them involved from day one, shaping the product, the community and the direction of the business.”

Vylit truly puts creators in charge, giving them real ownership and a direct say in how the platform evolves. The Creator Advisory Board is just the start.

To learn more, visit https://vylitworld.com/

To access the media kit, click here.

ABOUT VYLIT
Vylit is an 18+ creator-first social platform redefining how adults share, discover and monetize content. Co-founded by Amrapali (Ami) Gan and Kailey Magder, Vylit was created to fill the gap between traditional social media and creator platforms, offering a premium digital experience for expression. Built as “the HBO of social media,” the platform allows topless content while prohibiting explicit material, giving creators greater freedom. Vylit combines social connectivity with built-in monetization, interest-based discovery through its Vybe Matching Engine, and in-house AI Image Generation and Chat tools designed for its users. Learn more at www.vylitworld.com.

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pr@vylitworld.com

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Technology

CNBC Names PayJoy one of the World’s Top FinTech Companies of 2026

Published

42 minutes ago

July 23, 2026

Recognition highlights PayJoy’s leadership in emerging market consumer finance

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — CNBC and Statista have named PayJoy to the “World’s Top Fintech Companies 2026,” which honors companies providing digital funding and bank-independent lending solutions for individuals and businesses. PayJoy is a leading financial services provider for underserved consumers across emerging markets.

Now in its fourth edition, the ranking identifies 500 leading companies across eight fintech market segments worldwide, including Payments, Neobanking, Wealth Technology, Digital Assets, Enterprise Fintech, Insurtech, Regtech, and Alternative Financing. Companies were evaluated using an aggregated scoring model built on both general and segment-specific KPIs, drawing on desk research from publicly available sources alongside company self-reports submitted through an open application process.

PayJoy’s inclusion reflects its work bringing credit access to the emerging middle class in Mexico, Colombia, Brazil, Panama, Peru, Ecuador, South Africa, the Philippines, and Indonesia, nine countries where traditional financial infrastructure has long excluded first-time borrowers.

“This recognition from CNBC and Statista is a meaningful validation of the work our team does every day,” said Doug Ricket, PayJoy CEO and Co-Founder. “Millions of people across the markets we serve are building credit for the first time through PayJoy. Being named among the world’s top fintech companies reflects the scale and impact of that work.”

For more information on the full ranking, visit https://www.cnbc.com/worlds-top-fintech-companies-2026/

About PayJoy
PayJoy expands credit access across emerging markets through point-of-sale financing and card offerings. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans to more than 20 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/

Contact
payjoy@thekeypr.com

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Technology

Youngstown Innovation Hub Breaks Ground at YBI’s 107 Building

Published

42 minutes ago

July 23, 2026

YOUNGSTOWN, Ohio, July 23, 2026 /PRNewswire/ — As the United States works to strengthen its aerospace and defense manufacturing base, the Youngstown Innovation Hub for Aerospace & Defense broke ground today on YBI‘s 107 Building in downtown Youngstown, positioning the region as a national proving ground for advanced and additive manufacturing. The Hub is managed by the National Center for Defense Manufacturing and Machining (NCDMM).

Youngstown Innovation Hub for Aerospace & Defense breaks ground at YBI’s 107 Building.

The Hub is one of four Innovation Hubs established across Ohio as part of a statewide initiative to strengthen innovation-driven economic growth. Once complete, it is projected to generate approximately $161.6 million in economic impact, create 450 new jobs, and produce 185 new STEM credential opportunities and 40 internship opportunities by 2029.

The groundbreaking comes as Ohio was recently ranked the No. 1 state for business in America by CNBC’s 2026 America’s Top States for Business rankings, up from No. 5 in 2025.

Ohio Lt. Governor Jim Tressel attended and delivered remarks at the ceremony.

“Today is about more than renovating a building. It’s about building opportunity for Ohioans,” said Lt. Governor Tressel. “The Mahoning Valley has always been defined by the people who make things, solve problems, and never stop working toward a better future. This Innovation Hub builds on that proud tradition while preparing the next generation for in-demand careers in manufacturing.”

Hub and YBI leadership also spoke at the ceremony.

“Today’s groundbreaking of the Youngstown Innovation Hub represents much more than the start of a building renovation. It reflects what can happen when state, regional, industry, academic, and community partners come together around a shared vision for the future of manufacturing, aerospace and defense innovation,” said Megan Malara, Ph.D., director of the Youngstown Innovation Hub.

The renovation is made possible in part by a $750,000 state capital investment. Ohio State Sen. Al Cutrona and state Rep. Lauren McNally were credited with helping advance the funding request through the legislative process. YBI also recognized the broader Lake to River legislative delegation, including state Reps. Nick Santucci, Tex Fischer, Monica Robb Blasdel, Dave Thomas, and Sarah Fowler Arthur, for their support, as well as U.S. Sens. Jon Husted and Bernie Moreno for their support of the project in the U.S. Senate.

Speakers at the ceremony included Ohio Lt. Gov. Jim Tressel; Lydia Mihalik, director of the Ohio Department of Development; Mary Mertz, director of the Ohio Department of Natural Resources; Julius Oliver, 1st Ward Councilman for the City of Youngstown; State Sen. Al Cutrona; State Rep. Nick Santucci; State Rep. Lauren McNally; and Megan Malara, Ph.D., director of the Youngstown Innovation Hub. Barb Ewing, CEO of YBI, served as master of ceremonies.

The City of Youngstown, which committed $1.35 million in local matching funds to the project, was represented at the ceremony. John Wilczynski, executive director of America Makes, attended, and Barb Ewing recognized Kimberly Gibson and Alexander Steeb of America Makes for their roles in advancing the project.

Upon completion, the five-story, 130,000-square-foot concrete-framed building will offer flexible space for offices, workspaces, and display areas, along with robust power capacity to support multiple high-demand tenants. The building’s security features, including limited access points and naturally separated manufacturing bays, are designed to meet U.S. Department of War contracting criteria, positioning tenants to compete directly for federal defense work.

“It’s great to finally be transitioning from talking about this project to actually working on it. We appreciate all the support we’ve had from our political leaders and the community. YBI is proud to be a part of the project team that’s changing the trajectory of the Mahoning Valley,” said Barb Ewing, CEO of YBI.

Companies looking to expand, relocate, or enter the aerospace and defense manufacturing sector are encouraged to visit the Youngstown Innovation Hub website at youngstownhub.us.

About the Youngstown Innovation Hub for Aerospace & Defense

Managed by the National Center for Defense Manufacturing and Machining (NCDMM), the Youngstown Innovation Hub is a national proving ground for advanced and additive manufacturing, strengthening U.S. aerospace and defense supply chains and workforce development. Learn more at youngstownhub.us.

About YBI

YBI is a globally recognized economic development nonprofit, advancing innovation and growth across Ohio and beyond. Through a flexible suite of high-quality entrepreneurial services and resources, YBI supports startups, small businesses, and manufacturers at every stage of development. For more information, visit ybi.org.

Media Contact:
Jessica Sprowl, Marketing and Communications Director, YBI
jsprowl@ybi.org

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