Swinging of the robotics market in North America | Generative ai google login | Microsoft artificial intelligence name | Generative ai course free microsoft | Turtles AI

The robotics market in North America recorded a significant drop in the first half of 2024, influenced by unfavorable economic factors and sectoral variations. Despite the difficulties, some areas show a growing question.

Key points:

• The robotics market in North America underwent a 7.5% drop in orders in the first half of 2024.
• The automotive and semiconductor sectors have faced significant challenges, with decreases of revenues and orders.
• Sectors such as food and life sciences show a strong growth in the demand for robotics.
• The current situation is seen as a natural adjustment after the increase in purchases during the pandemic.

In the first half of 2024, the robotics market in North America showed a negative trend, with a 7.5% drop in industrial robots orders compared to the same period of the previous year, for a total of 15,705 units. At the same time, revenues recorded a contraction of 6.8%, descending to around 982.83 million dollars. These data have been published by the A3 automation defense group, which attributes this flexion to wider economic factors that producers are influencing.

Analyzing the market for sectors, a varied picture emerges. In the automotive sector, which represents the main user of industrial automation, there were conflicting results: while the orders by the producers of original equipment (OEM) increased by 14.4%, revenues decreased by 12%. On the contrary, the manufacturers of components for the automotive sector have experienced a substantial decline, with a drop of 38.8% in sales and 27.3% in revenues.

The current economic context, characterized by an increase in inflation and an increase in interest rates, has led many companies to postpone significant investments in robotics. In particular, the semiconductors sector has markedly affected the difficulties in the supply chain, with decreases of 40% and revenues down 41.4%. After a peak of activity during the pandemic, the market showed signs of correction; In 2023, the orders stood at 31,159, with a 30% drop compared to the previous year.

Despite this complex scenario, A3 detects some positive developments. The continuous search for operational efficiency and the need to expand the workforce are fueling the demand for robotics in sectors such as food, consumption assets and life sciences. In fact, the life sciences recorded significant growth, with an increase of 47.9% in sales and an impressive increase of 86.7% in revenues. The food sector and consumer goods also saw growth orders by 85.6% and increased revenues by 56.2%.

Although the slowdowns highlighted in the relationship do not justify excessive concerns, it is clear that the robotics market is going through an adaptation phase after a period of intense activity.

Automation remains a consolidated reality in almost all sectors, with its development that appears only a matter of time.