Worldwide spending on robotics to exceed $230 billion in 2021, says IDC

A new update to the International Data Corporation Worldwide Semiannual Commercial Robotics Spending Guide forecasts worldwide purchases of robotics, including drones and robotics-related hardware, software and services, will total $97.2 billion in 2017, an increase of 17.9 per cent over 2016.

IDC expects robotics spending to accelerate over the five-year forecast period, reaching $230.7 billion in 2021 with a compound annual growth rate compound annual growth rate of 22.8 per cent.

“The convergence of robotics and artificial intelligence & machine learning are driving the development of the next generation of intelligent robots for industrial, commercial, and consumer applications,” said Dr Jing Bing Zhang, research director, robotics at IDC manufacturing insights.  Continue reading Worldwide spending on robotics to exceed $230 billion in 2021, says IDC

Zume Pizza raises $48 million funding for robotic pizza production system

 

A company which is developing robotic pizza production systems has raised $48 million in funding, according to a report on ZDNet.com

The new funding for Zume Pizza follows a previous round, in December, which raised $23 million.

ZDNet says Zume’s system could increase speed and freshness at the same time as reducing labour costs.

(Main picture courtesy of ZDNet.)

Kinova Robotics raises $25 million for expansion plans

 

Kinova Robotics, a designer and manufacturer of robotic solutions, has raised additional funds of $25 million for further expansion.

The money came from four major contributors, including lead investor Fonds Manufacturier Québécois; co-investors KTB Network, and Foxconn; and BDC Capital, the investment arm of BDC.

Kinova says 90 per cent of its business is exports, so establishing an office outside its native Canada is a priority.

Kinova CEO Charles Deguire says: “We want our users to achieve the extraordinary with our robots – creating more value for themselves and our society.  Continue reading Kinova Robotics raises $25 million for expansion plans

IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

 

The International Federation of Robotics’ new report into the global industrial robotics market predicts significant growth in the collaborative robotics segment.

Universal Robots is widely regarded as the market leader in collaborative robots, having been the first to launch such machines almost 10 years ago and having sold more than 10,000 units since.

Having started out in Denmark, Universal Robots is now part of the US industrial giant TeradyneContinue reading IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

By 2020, 1.7 million new robots will be roaming the earth

 

The global robot population is growing at what some might say is an alarming rate. 

As well as the countless millions already tucked away in factories and homes everywhere, there could be another 2 million added to that number by the end of the decade, which may or may not coincide with the end of humanity’s control over the planet and a ceremonial transfer of power to the robots and artificial intelligence.

Purely ceremonial, since some people say they already rule over us anyway.  Continue reading By 2020, 1.7 million new robots will be roaming the earth

Markets update: Investments in robotics and related technologies

 

By investment analysts at Market News Updates

The robotics sector has experienced record growth in the US, partly as a result of the government’s a policy of discouraging manufacturers from leaving the country.

As a result, American businesses have turned towards robotics and automation technologies to cope with rising labor costs.

Because of this, investors positioned in companies pursuing robotics, retail automation and artificial intelligence technologies are rewarded with new 52-week highs.  Continue reading Markets update: Investments in robotics and related technologies

Embedded computing market to grow over $200 billion by 2022

 

The global embedded computing market will grow to more than $200 billion by 2022, according to a new report.

The sectors accounting for a significant portion of the expected growth will be automotive and industrial.

The report, Embedded Computing Market, is by Acumen Research and Consulting, which says the market will grow at an annual rate of 6 per cent over the forecast period of 2015 to 2022.  Continue reading Embedded computing market to grow over $200 billion by 2022

Robotics investment fund grows to $450 million since launch one year ago

 

Global X Funds, the New York-based provider of exchange-traded funds, today celebrated the one-year anniversary of the launch of the Global X Robotics and Artificial Intelligence ETF (BOTZ).

The company says Botz has received considerable interest from investors in its first year, having surpassed $450 million in assets under management.

Botz launched on September 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic IndexContinue reading Robotics investment fund grows to $450 million since launch one year ago

Columbia University develops soft actuator three times stronger than human muscle to make robots more lifelike

 

Columbia University says it has developed a self-contained soft actuator that is three times stronger than natural muscle, without the need of externals.

The researchers say the development means robotic motion will be more lifelike, and that it signals a breakthrough in soft robotics.

The creation of untethered soft robots whose actions and movements can help mimic natural biological systems have been a long-standing issue, and the scientists at Columbia Engineering say they have solved it.  Continue reading Columbia University develops soft actuator three times stronger than human muscle to make robots more lifelike

Defining a robot is more complex now, as market grows and diversifies

The definition of a robot is in flux, says Tractica in its introduction to its report, Robotics Market Forecast.

Traditional robot manufacturers that have been building and supplying robots for decades have seen this industry undergo a dramatic transformation in the past few years.

Robots have either been part of popular culture and science fiction or have been the workhorses of industrial shop floors until now.  Continue reading Defining a robot is more complex now, as market grows and diversifies

Advanced driver assistance systems market to treble in 10 years

The global market for advanced driver assistance systems is set to treble over the next decade, according to figures seen by Robotics and Automation News

Although the numbers are from two different reports, they provide a broad overview of a market which is set for exponential growth.

The overwhelming majority of vehicles on the road today do not have ADAS, while new cars are mostly produced with some elements of ADAS included.

This means that the scope for growth is huge. Moreover, the technology essentially transforms entirely mechanical machines into intelligent machines, or robots on wheels.

advanced driver assistance systems
Briefing: Advanced driver assistance systems, free to subscribers

Robotics and Automation News has produced a briefing on ADAS which is available now, free to subscribers. It reports some of the latest news, and many of the most important companies in the sector.

Industrial robotics market projected to reach more than $70 billion by 2023

The industrial robotics market is forecast to reach beyond $70 billion by 2023, according to a new report. 

The main drivers for the industrial robotics market are increasing investments for automation in various industries and the growing demand from small and medium-scale enterprises in developing countries.  Continue reading Industrial robotics market projected to reach more than $70 billion by 2023

Minimum wage increases lead to more robotics and automation, says new report

Minimum wage increases lead to more investment in robotics and automation systems, according to a new study.

The report, People Versus Machines: The Impact of Minimum Wages on Automatable Jobs, analysed the US Census Bureau’s Current Population Survey data from 1980 to 2015.

The paper was published by the National Bureau of Economic Research, and authored by Grace Lordan and David Neumark.  Continue reading Minimum wage increases lead to more robotics and automation, says new report

Map produced by Brookings pinpoints location of all robots in the US

The Brookings Institution has found that Michigan has the highest number of robots of all the states in the US. 

Brookings found that Detroit, traditionally the motor town of the US, has more than 15,000 industrial robots installed.

That works out to about 8.5 robots per 1,000 workers, says Brookings.  Continue reading Map produced by Brookings pinpoints location of all robots in the US

Largest robotics and automation investment fund now has $1 billion in assets under management

ROBO, believed to be the first robotics and automation exchange traded fund, has reached a new milestone in terms of its assets under management.

Index provider ROBO Global, which has holdings in more than 100 listed companies, says investors have embraced its dedicated focus on robotics, automation and artificial intelligence.

The ROBO Global Robotics & Automation Index ETF recently surpassed $1 billion in assets under management, and its managers say it has achieved the psychologically significant benchmark less than four years after launching.  Continue reading Largest robotics and automation investment fund now has $1 billion in assets under management