Engineering Tech
Article | August 24, 2021
The report "Global Industrial Robot Market: Analysis by Industry, by Type, by Region, Size and Trends with Impact of COVID-19 and Forecast Up to 2026" valued the global industrial robot market at $33.90 billion in 2021 and projected it to $61.09 billion by 2026. Because of increased productivity and efficiency, lower manufacturing costs, and lower overall product purchase prices. Industry 4.0 has accelerated the development of collaborative robots and artificial intelligence (AI)-enabled robots, allowing industries to streamline processes, increase productivity, and reduce errors.
Sectors are investing in robotic systems as the next generation of industrial robots becomes cheaper, autonomous, more mobile, cooperative, and adaptable. During the forecast period of 2022 to 2026, the industrial robot market is expected to grow at a CAGR of 12.50%.
The Dynamics of the global industrial robot market
Growth Drivers:
Automation boosts productivity, raises quality, and decreases errors. Rising automation demand has increased the adoption of robots in various industries, and rising automation demand is a major market driver. The growing electronics industry, rapid installation of industrial robots, high wages, and the growing role of AI in robotics are all expected to drive growth in the industrial robot market.
Challenges:
The purchase and installation of robots requires significant capital investment, and the benefits provided may take many years to outweigh the initial cost. The high initial investment required for industrial robot-assisted production automation may act as a barrier to the market's growth. Other market challenges include safety concerns and privacy concerns.
Trends:
The development of collaborative robots, or co-bots, is a growing trend in robotics. Cobots are designed to collaborate with humans and are increasingly being used in industrial applications. Cobots use safety-rated sensors, which allow laborers to work in the same area without being harmed.
Other trends that are expected to drive the growth of the engineering industry with the help of robot market during the forecasted period include the use of micro-electromechanical systems (MEMS), the rise of the cloud robotics market, next-generation tech accessories, and job opportunities in industrial robotic advancements.
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Engineering Tech
Article | July 13, 2022
Engineering technology is evolving at a rapid pace across the world. Companies are depending on newer technologies like artificial intelligence, big data, machine learning, and automation. The new-age curriculum has transformed the way engineering education is delivered in the classroom. Here are futuristic modules that engineering education needs to include in the curriculum. The manufacturing facilities available today have formed a fully integrated production system powered by digital technologies.
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Engineering Tech
Article | July 20, 2022
ntil recently, the infrastructure measures at Lake Zug East were the longest construction site in Switzerland. The 15-kilometer-long project has since been successfully completed after 20 months of construction. Not only has the full closure – which was necessary for economic and environmental protection reasons – been lifted, but one of the important access routes to the Gotthard Tunnel has also been completed. The fact that this could be done without any problems and delivered on schedule despite Coronavirus is due to the work of Emch+Berger WSB AG. The engineering firm was commissioned by the Swiss Federal Railways (SBB) to undertake the planning, overall project management, and construction management. The planning was based on a BIM model in Allplan Engineering.
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Article | April 15, 2020
The construction industry is a broad one and it includes different types of companies which supply construction materials or perform various types of building industrial, residential, commercial and institutional, etc. In such companies employees usually have to create and manage numerous documents, they also deal with an influx of orders, perform accounting, manage projects of all sizes, control materials flow and delivery. It may seem impossible to perform such amount of work without any automation tools. And yet many companies are still unaware of digital optimization and all benefits it offers.
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