In 2023, global industrial robot shipments exceeded 500,000 units, signaling a recovery from a low point that year, according to Interact Analysis. Although shipment volumes were similar to 2022, the average price of industrial robots decreased. The market had seen record highs in 2021, followed by lows in 2023. Maya Xiao, a research manager at […]

Saudi Arabia is witnessing unprecedented growth in the robotics sector, with an increasing number of technology firms seeking registration to engage in commercial activities in the Kingdom.   According to the Minister of Commerce’s summary bulletin released earlier this month, the number of robotics firms registered in the Kingdom surged 52 percent to reach 2,344 […]

Robotics investments for May 2024 topped $2.1 billion, the result of funding for 38 companies. The $2.1 billion is the highest monthly funding amount for the year 2024 and greatly exceeds the trailing 12-month average of $1.2 billion. Robotics funding through May 2024 totals approximately $5.7 billion. (The Robot Report)