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

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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

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Purina Films Docuseries A Different Breed Earns Three Daytime Emmy® Award Nominations

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Emmy®-nominated series celebrates the extraordinary bond between people and pets through the world of canine competition

ST. LOUIS, July 21, 2026 /PRNewswire/ — When pet lovers see the human-pet bond in action, it creates connection and deepens the appreciation they have for the animals in their own lives. That connection recently led Purina to dive deeper into the world of canine competition through a docuseries that is now receiving critical acclaim. Today, Purina is celebrating three Daytime Emmy® Award nominations for A Different Breed, its original nine-episode documentary series produced through Purina Films in partnership with InkBlot Narratives and WPP Media, including recognition for Outstanding Lifestyle Program, Outstanding Editing and Outstanding Directing.

The Daytime Emmy® Awards recognize excellence in daytime television and streaming programming across lifestyle, documentary, instructional, travel, culinary and children’s content. A Different Breed is nominated alongside productions from some of the entertainment industry’s leading studios, networks and streaming platforms.

Streaming on Prime Video, A Different Breed follows 18 teams on the road to the Purina Pro Plan Incredible Dog Challenge National Finals, putting the spotlight on the competitors, their dogs and the extraordinary relationships that drive them. The series marks an intentional shift from traditional brand-led content toward storytelling that entertains, inspires and fosters meaningful connections – all in new channels and formats that resonate with the viewing habits of today’s consumer.

“The way people discover and engage with content continues to evolve, and we’re evolving with them,” said Andrea Faccio, President and Chief Growth Officer at Purina. “At Purina, we’ve always believed the bond between people and pets is full of inspiring stories. A Different Breed gave us the opportunity to share those stories in a way people actively choose to experience, and we’re incredibly proud to see them recognized alongside some of the industry’s most celebrated programs.”

Through Purina Films, Purina is evolving how it connects with pet lovers taking a more entertainment-led approach to storytelling, creating premium content that highlights the meaningful role pets play in people’s lives. By inviting viewers behind the scenes of the Purina Pro Plan Incredible Dog Challenge and into competitors’ lives and homes, A Different Breed tells the kinds of emotionally rich stories today’s audiences actively seek out.

The backdrop of the series is the Purina Pro Plan Incredible Dog Challenge, a premier canine performance sports competition that has showcased extraordinary canine athletes and their handlers for nearly 30 years. The competition features a variety of events, including high-flying disc routines, agility courses, weave pole racing and diving dog competitions.

The National Academy of Television Arts & Sciences will announce the winners of the Daytime Emmy Awards on October 30, 2026.

All nine episodes of A Different Breed are available to stream exclusively on Prime Video in the U.S. at no additional cost with a Prime membership. The second season of the Emmy®-nominated series is in production, continuing Purina’s commitment to bring audiences authentic stories that celebrate the incredible bond between people and pets.

About Nestlé Purina PetCare 
Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations.

Purina manufactures some of the world’s most trusted and popular pet care products, including Dog Chow, Purina ONE, Pro Plan, Friskies and Tidy Cats. Our more than 11,000 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 46 million dogs and 68 million cats every year. Nearly 500 Purina scientists, veterinarians, and pet care experts ensure our commitment to unsurpassed quality and nutrition.

Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that help our communities and environment thrive.

Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.

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SOURCE Purina

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Toy Foundation Partners with Build-A-Bear & Chuck E. Cheese to Raise $100,000 for Children in Need

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The International Day of Play-themed cause marketing campaigns engaged consumers through promotions, exclusive product, & pin pad donations.

NEW YORK, July 21, 2026 /PRNewswire/ — The Toy Foundation™, the philanthropic arm of The Toy Association™, celebrated the United Nation’s International Day of Play (June 11) with two cause marketing campaigns with Build-A-Bear Foundation and Chuck E. Cheese. Together, the campaigns raised over $100,000, as families across the country and around the world supported The Toy Foundation’s mission to deliver the power of play to children in need.

The Toy Foundation’s partnership with Chuck E. Cheese included a three-part fundraising campaign throughout the month of June. At nearly 500 Chuck E. Cheese locations, families who donated $5 at checkout received 500 tickets to use toward prizes, turning a charitable gift into extra fun. Families also had the option to make a $1 or $3 donation directly at the pin pad, powered by FreedomPay’s Gateway to Giving™ — a charitable program that enables seamless giving at the point of sale, creating another opportunity to support a child in need. At select fun centers, families could also purchase a Chuck E. Cheese x Crazy Aaron’s Limited-Edition Thinking Putty, with one hundred percent of the purchase price benefitting The Toy Foundation.

“Partnering with The Toy Foundation this International Day of Play allowed us to make a real difference through the power of play,” said Scott Drake, CEO of CEC Entertainment. “Play is at the heart of everything we do, and we are deeply grateful to the families that joined us in supporting this great cause. Together, we are giving back in a meaningful way that inspires pride across our entire community.”

Build-A-Bear brought its signature warmth to workshops across the U.S. and the UK with a weeklong fundraising campaign held June 8 to 12. Shoppers made donations in amounts of their choosing at checkout, both in stores and online, with every dollar supporting The Toy Foundation’s work to deliver play to children in need.

“Build-A-Bear Foundation is proud to partner with The Toy Foundation in advancing the shared belief that play has the power to positively impact children’s lives,” said David Henderson, president of Build-A-Bear Foundation. “From toy donations and sponsorship support to this International Day of Play fundraising campaign, we are committed to helping create more moments of joy for children and families in need. We are so grateful to our guests and partners whose generosity continues to make that impact possible.”

These fundraising campaigns complimented The Toy Foundation’s International Day of Play toy collection initiative, which resulted in nearly 20 companies donating $5.7 million in toys. The toy donations are being distributed to more than 450,000 children in under-resourced communities, schools, and hospitals around the world.

“We are grateful to Build-A-Bear Foundation and Chuck E. Cheese for their support, collaboration, and partnership in hosting two successful cause marketing campaigns, and to the companies that generously donated toys in honor of International Day of Play,” said Pam Mastrota, executive director of The Toy Foundation. “Together, we are making a lasting impact, transforming children’s lives with the power of play.”

The Toy Foundation partners with companies and retailers to create tailored cause marketing campaigns that engage consumers and support children through play.

Campaign opportunities include:

Retail campaigns that donate a portion of proceeds from select productsPoint-of-sale donation campaignsCo-branded products featuring cause-related messagingCustomized campaigns tailored to a company’s goals

To learn more and get involved in advancing the toy industry’s collective impact, visit toyfoundation.org or contact The Toy Foundation team.

About The Toy Foundation™ www.toyfoundation.org
The Toy Foundation™ is a 501(c)(3) children’s charity and philanthropic arm of The Toy Association. The uniting force for the collective philanthropy of the toy industry, The Toy Foundation is dedicated to creating a world where every child experiences the comfort, joy, and extraordinary benefits of play. The Toy Foundation works toward this vision through two program areas, Toy Chest, a toy distribution initiative, and Play Fund, a grant distribution initiative. By working together, The Toy Foundation has delivered the power of play to 38 million children in need worldwide. To learn more about The Toy Foundation, visit toyfoundation.org.

About Build‑A‑Bear Workshop, Inc.
Founded in 1997, Build‑A‑Bear is a leading global retailtainment brand on a mission to add a little more heart to life. At Build-A-Bear, guests are invited to create personalized furry friends through a unique stuffing, dressing, accessorizing and naming process, accentuated by a memorable “heart ceremony” that creates moments of connection for people of all ages.

Over the years, Build‑A‑Bear has grown into a multi‑generational phenomenon, positioned at the intersection of pop‑culture trends. Beyond its signature retail experience, the brand also offers pre‑stuffed plush, gifting, partnerships with best‑in‑class licensed and collectible characters, and original storytelling through Build‑A‑Bear Entertainment, LLC. Build‑A‑Bear’s current brand platform and message, “The Stuff You Love,” crosses ages and cultures while celebrating nearly 30 years of helping people mark life’s meaningful moments.

Today, Build‑A‑Bear operates more than 650 company-owned, partner-operated and franchise experience locations across more than 30 countries, complemented by buildabear.com. Build‑A‑Bear Workshop, Inc. (NYSE: BBW) reported $529.8 million in total revenues for fiscal 2025, representing the company’s 5th consecutive year of record results. Learn more at the Investor Relations section of buildabear.com.

About Chuck E. Cheese
Chuck E. Cheese is where over 550,000 happy birthdays are celebrated every year. For nearly 50 years, Chuck E. Cheese has been the place Where A Kid Can Be A Kid®, making birthday kids the star of the show through its interactive experiences, arcade games and the beloved Chuck E. Cheese character. The brand operates more than 500 locations globally and remains committed to providing a fun, safe and inclusive environment through industry-leading programs such as Kid Check® and its partnership with Autism Speaks. As a strong advocate for local communities, Chuck E. Cheese has donated more than $24 million to schools and nonprofits through its fundraising programs. For more information, visit www.chuckecheese.com.

Contact: Erin Wright
The Toy Foundation
646.520.4851
ewright@toyfoundation.org

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SOURCE The Toy Foundation

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Play a Video Game Against a Dish of Living Neurons: Intactis Bio Launches “Biostack”

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Served from a rack mountable Biohybrid Processing Unit (BPU) to lower AI energy usage. 

SALT LAKE CITY, July 21, 2026 /PRNewswire/ — Intactis Bio launched the Biostack Alpha, a video game in which allows anyone to compete against living human neurons grown in the lab. A player sits on one side of the web-browser. On the other is Biohybrid Intelligence: a small population of neurons in a dish that receives the game board as patterns of electrical stimulation. These neurons then answer, move by move, where to drop the next piece.

 

Play a video game against living neurons in rack mountable Biohybrid Processing Unit (BPU) to lower AI energy usage.

Biocomputation is a field focused on curbing the AI energy crises by replacing inefficient silicon chips with low energy biological processors. Biostack is the most tactile and publicly accessible demonstration yet to emerge from the field of biocomputation. Play today at play.intactis.bio. 

A biocomputer you can rack

Biostack runs on the Intactis BPU (Biohybrid Processing Unit), a biocomputer built into the same form factor as the GPUs widely distributed in data centers today. Living neurons at its core are wrapped in the cooling, life support, and signal hardware needed to keep the neurons healthy while they compute. The unit pairs the living substrate with silicon and rack mountable networking, which allows the systems to scale out using existing data center infrastructure.

The map that makes neurons playable

What makes the tissue controllable is a computational neuroscience model. Intactis ran a comprehensive screen to map how electrical stimulus drives neural outputs, cataloguing more than 150 statistically significant relationships and accounting for up to 96% of the tissue’s response. “Biocomputation is not a black box. We have the actual equation,” said Daniel Rodriguez-Granrose, PhD, Founder and CEO of Intactis Bio. This design space lets the company map neural responses onto specific game controls, so the biocomputer can directly learn the Biostack board state and ideal responses in a closed loop.

How a dish of neurons plays

Each turn, Biostack compresses the board (the current piece, the height of every column, and any gaps) into a compact code and delivers it to the tissue as a timed sequence of electrical pulses. The neurons respond, and the system reads their answer as a six-bit placement: four bits choose one of ten columns, two bits choose one of four rotations. Together this represents over 1000 unique electrical inputs to encode the board space and up to 40 possible destinations for every piece. Intactis has successfully transmitted this information to the neurons, and mapped their response back to the live game. In this demo, game performance held and even improved across overnight gaps between sessions. The living network is genuinely shaped by use.

Why a game matters

The stakes reach well beyond the screen. AI’s appetite for electricity is on track to outrun global electricity production. A supercomputer can draw on the order of 20 megawatts; a human brain runs on about 20 watts. The company projects energy-cost reductions around 95%, total-cost reductions around 90%, and data center footprint reductions around 88% versus exaflop-scale silicon.

From demo to business

Intactis sells the capability as Cloud Biocompute as a Service, targeting gaming, robotics, AI and LLM developers already spending $20,000 or more per month on GPUs. The company has secured more than $1 million in early capital and non-dilutive support and is raising a $5 million seed round to bring the BPU to data center partners. Intactis is built by a team with more than $900 million in prior exits.

About Intactis Bio

Intactis Bio builds biohybrid computers that run living human neurons alongside silicon to deliver compute with dramatically lower energy, cost, and footprint. Its rack-mountable Biohybrid Processing Unit (BPU) targets the widening gap between AI compute demand and available power. Learn more at intactis.bio.

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SOURCE Intactis Bio Corp

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