Page 13 - Interact Analysis News Today

Regionally, the US manufacturing industry performed strongly last year, with the Americas growth rate hitting 6.9% in 2022, compared to 3.3% for Asia Pacific and 2.6% for Europe.

Control software will remain the largest segment throughout the forecast period to 2027.

As consumer spending slows, retailers will likely tighten their purse strings and potentially postpone large scale automation projects until a more stable economic environment has been reached.

Strong unit sales in the Asia-Pacific (APAC) region increased growth in the low voltage ac drive market to more than $14 billion in 2022.

With steep drops in commodity and freight costs anticipated in 2023, falling prices will see 2022's rapid growth rate slow.

Rising prices helped the low-voltage ac motor market grow by more than 20% in 2022, but price declines are expected in 2023.

Understanding how smart sensors and the coupling of their data with machine learning algorithms enables the transition from condition monitoring to predictive maintenance is key to reaping the benefits of IIoT.

The mobile robot market enjoyed strong growth in 2022, driven by increasing e-commerce and shifts to more flexible manufacturing.

Warehouse robots at companies such as Amazon and FedEx are finally able to pick and sort things with humanlike finesse.

Plus, Astrobotic’s CEO was honored by Time magazine, and Aurora has a new general counsel.