TUVE, Sweden—Every time an assembler uses an electric fastening tool at the Volvo Group truck factory here, the data from the operation is logged and stored. Engineers are now using that data to increase quality.
Traditionally, airplane manufacturing has been difficult to automate, due to factors such as tight tolerances and stringent quality demands. However, a new breed of robots enhanced with artificial intelligence technology promises to change that scenario.
The market is projected to expand by $4.43 billion through 2027, driven by battery innovation and DIY trends.
April 2, 2024
ELMHURST, IL—Global sales of cordless power tools are expected to increase from $12.5 billion in 2022 to more than $16.9 billion in 2027, representing a compound annual growth rate of 4.5 percent, according to market research firm Technavio.