Blockchain Press Releases
Industrial Robotics Market worth $32.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 27, 2023 /PRNewswire/ — The Industrial Robotics market is projected to grow from USD 17.0 billion in 2023 and is projected to reach USD 32.5 billion by 2028; it is expected to grow at a CAGR of 13.8% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growing demand for automation in manufacturing and logistics is one of the major drivers of the market.
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Browse in-depth TOC on “Industrial Robotics Market”
384 – Tables
93 – Figures
482 – Pages
Industrial Robotics Market Report Scope:
|
Report Coverage  |
Details |
|
Market Revenue in 2023 |
$17.0 billion |
|
Estimated Value by 2028 |
$32.5 billion |
|
Growth Rate |
Poised to grow at a CAGR of 13.8% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Type, Component, Payload, Application, End Use Industry and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Worforce skills and interoperability |
|
Key Market Opportunities |
Increasing automation in electronics industry |
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Key Market Drivers |
Growing adoption of Industry 4.0 |
Collaborative robots’ segment is expected to grow at highest CAGR during the forecast period.
Continuous advancements in artificial intelligence, machine learning, and sensor tesschnologies are driving the ongoing development of collaborative robots. These advancements enable cobots to become more intelligent, adaptable, and skilled in handling complex tasks. As industries increasingly seek flexible automation solutions, cobots are set to revolutionize work environments, shaping the future of work and enhancing overall productivity and efficiency.
Upto 16.00 Kg segment in payload capacity is expected to have largest market share by 2028.
Robots with a payload-carrying capacity of up to 16.00 kg are mainly adopted in the automotive industry for arc welding and spot-welding applications, especially for 2-wheelers. In the electrical & electronics industry, these robots can be adopted for soldering and packaging electronic components. The increasing miniaturization of electronic components and chipsets has resulted in the large-scale adoption of robots with a payload-carrying capacity of up to 16.00 kg in the electrical & electronics industry. Such robots have also been widely adopted in the food & beverages industry in recent years for applications such as pick and place, sorting, and palletizing.
Processing segment is expected to grow at highest rate of CAGR during the forecast period.
Processing applications considered in this section are grinding, milling, and cutting. Grinding robots are used to quickly and efficiently process parts of objects, such as vehicle bodies and wooden planks. These robots save time and costs while machining complex designs while improving the uniformity of each workpiece. A force/torque sensor is used in conjunction with the end effector to apply the right amount of pressure needed. Automated grinding also reduces health risks associated with the metal dust affecting workers in a manual process. In automotive applications, robotic grinders are used for machining axle beams and connecting rods.
Automotive segment is expected to hold for largest share during the forecast period.
Automotive manufacturers strive for consistency and repeatability since any untoward issue can stop the workflow in a vehicle assembly line. There are two main stages in vehicle production: manufacturing and assembly. In manufacturing, spot welding and painting robots are used extensively. Assembly includes a mix of light and heavy tasks, such as screw driving, windshield installation, wheel mounting, and labeling. Articulated robots are generally used for most tasks; however, parallel robots assemble smaller components, such as pumps and motors.
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Asia Pacific region to have largest share of Industrial Robotics market during the forecast period.
Asia Pacific is considered one of the world’s major manufacturing hubs and is expected to provide ample growth opportunities to the industrial robotics industry. Low production costs, easy availability of labor, lenient emission and safety norms, and government initiatives for foreign direct investments (FDIs) are some of the major factors accelerating the market growth in APAC. The aging population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. The increasing population is also attracting companies to invest in APAC.
Key players in the industrial robotics companies include ABB (Switzerland), FANUC CORPORATION (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Mitsubishi Electric (Japan). Other companies that have a significant presence in the industrial robotics market are Kawasaki Heavy Industries (Japan), DENSO Corporation (Japan), Nachi-Fujikoshi (Japan), Durr (Germany), and SEIKO EPSON (Japan).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
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Smart Factory Market by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, MES, Industrial Safety, PAM), Industry (Process Industry, Discrete Industry) and Region – Global Forecast to 2027
Collaborative Robot Market by Payload (Up to 5 Kg, 5-10 kg, 10-20 kg, more than 20 kg), Component, Robotic Arm, End Effectors, Drives, Controllers, Sensors, Power Supply, Motors, Software), Application, Industry and Region – Global Forecast to 2029
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Smart Manufacturing Market by Information Technology, Enabling Technology, Industry (Process and Discrete) and Geography (North America, Europe, Asia Pacific, Rest of World) (2021-2027)
About MarketsandMarkets™
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.
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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Blockchain Press Releases
The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:
On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.
Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.
If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:
Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423
[email protected]
[email protected]
Blockchain Press Releases
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the second most popular cryptocurrency exchange globally, according to the latest report from CryptoQuant. The “2024 Crypto Survey: Exchange Use and Investor Behavior” underscores Bybit’s unmatched appeal to professional traders, commitment to security, and innovative offerings that cater to a diverse, global user base.
Bybit’s platform has become a hub for full-time traders, with 52% of surveyed users identifying as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives like the Bybit Broker Program, which has onboarded over 700 new clients in 2024, raising the total to 1,500 institutional clients. Additionally, Bybit’s Unified Trading Account (UTA) simplifies trading by centralizing spot, futures, and options activities in one seamless interface. Supporting over 70 cryptocurrencies as collateral, this system empowers traders to maximize their capital efficiency by using unrealized profits as margin across various products. UTA’s role in managing 99% of the platform’s trading volume showcases its importance to Bybit’s ecosystem.
Furthermore, Bybit’s integration of MetaTrader 5 allows users to diversify into traditional markets, such as Gold and FX, using USDT, marking another step forward in meeting the needs of professional traders.
Bybit’s global popularity spans regions including Africa, South America, the Middle East, Asia, Europe, and Oceania, where it maintains a dominant presence. Even as the exchange strategically exits certain jurisdictions to comply with regulatory requirements, Bybit’s adherence to a compliance-first approach ensures sustainable growth in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s position as a trusted and reliable global platform.
The report also acknowledges Bybit’s excellence in security, customer service, and P2P trading, where it ranks as the third-best exchange globally. These accolades reflect Bybit’s dedication to delivering a secure, user-focused experience that builds trust and loyalty within its growing community.
Joan Han, Sales & Marketing Director at Bybit, shared:
“This achievement reflects our team’s unwavering dedication and commitment to delivering a world-class trading experience. We actively listen to our clients’ requests and continuously improve our tools to ensure a smoother trading journey. Our ability to adapt and thrive in diverse markets speaks to the strength of our vision and our focus on fostering a secure, accessible, and professional crypto ecosystem. As we continue to innovate and grow, we remain dedicated to empowering traders worldwide with the tools and trust they need to succeed.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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TOKYO, Jan. 17, 2025 /PRNewswire/ — GOLFIN, the pioneering Web3-based Golf2Earn platform, has been announced as the official sponsor of Web3 Hub Davos 2025. The event, taking place from January 20–23, 2025, in Davos, Switzerland, runs alongside the World Economic Forum’s Annual Meeting and will highlight the latest advancements in Web3, blockchain, and decentralized technologies across industries. Golfin is set to showcase how Web3 technology is reshaping the future of golf.
Golfin’s Key Highlights at Web3 Hub Davos 2025:
- Exclusive Presentation: Golfin’s founder Ken Komatsu and strategic advisor John Kojiro Moriwaka will present “How the Web3 Golf Game ‘Golfin’ Will Shape the Future of the Web3 Movement” on January 22, 2025, from 17:53 to 18:03 local time.
- Innovative Technology Integration: Golfin’s combination of NFTs and GPS technology allows players to create a seamless link between real-world and digital golf experiences.
- Industry Impact: Golfin aims to modernize the golf industry while addressing global economic disparities by building ecosystem that merges sports, entertainment, and blockchain technology
- Global Partnerships: Golfin has formed strategic partnerships with leading organizations, including the ZOZO Championship and Seibu Group, to expand its reach and integrate real-world golf experiences with digital rewards.
Golfin’s Approach to Web3 Golf:
Enhancing Golf Through Innovation: Golfin revolutionizes the golf experience by allowing players to earn points through real-world gameplay on verified golf courses. These points can be used to enhance their digital gameplay, creating a seamless connection between physical activity and in-game progression. Additionally, players can collect exclusive in-game items and trade NFTs, adding value and depth to both their golfing and gaming experiences.
Vision for the Future:
Golfin is committed to transforming the traditional golf industry by integrating Web3 technology to create a more immersive and accessible golfing experience. By fostering strategic partnerships and engaging global decision-makers, Golfin plans to expand its ecosystem and drive innovation in both the sports and blockchain sectors.
About Golfin GPS: The Golfin GPS app connects real golf with digital gameplay. Players earn points while playing at certified golf courses.
For More Information: golfin.io & web3hubdavos.com .
Join the Movement: Stay updated and join Golfin’s Web3 revolution by visiting the official website or following on Twitter (JP), Twitter (Global), Discord, Instagram, & Linktree.
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