The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report.
The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.
Despite headwinds in the global economy, internationalisation will continue to drive the growth of companies in the engineering consultancy sector as infrastructure demand remains strong globally.
Meinhardt Group, a global engineering, planning and management firm, is working closely with International Enterprise Singapore, the government agency partnering Singapore companies in going global, on its expansion strategy to Africa and the Middle East.
Sharmila Annaswamy, industrial automation and process control research analyst at Frost & Sullivan, provides an exclusive insight of the impact of industrial robots on manufacturing and how the IoT is changing everything
During the last decade, the advent of robotics has phenomenally transformed the industrial sector in terms of manufacturing capability.
They are traditionally used to carry out tasks that are complex, repetitive or hazardous to enhance productivity, quality and reduce operational costs for the manufacturers.
However, the industrial robotics market is going through a phase of transformation driven by Industrial Internet of Things.
Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.
And while business leaders gathered at the annual World Economic Forum (WEF) in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to jobs needs to be addressed more seriously.
Rethink Robotics, maker of the Baxter and Sawyer industrial robots, says it has raised new funds for global expansion and new product development
Rethink Robotics has raised $18 million in new funding as part of its Series E financing round.
The new round includes funding from leading asset manager and private equity investment firm, Adveq, as well as contributions from all previous investors, including Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, DFJ, Two Sigma Ventures, GE Ventures and Goldman Sachs.
The IoT Tech Expo Global conference has announced keynote speakers for the upcoming global event in London 2017.
Taking place on January 23-24th at the Olympia venue, the event will feature keynote speakers from the likes of Shell, Rolls-Royce, SSE, Maersk, Thyssenkrupp, Sky, Nest, Ford, Heathrow Airport and more.
Auto giant to locate research team at IBM’s Munich Watson IoT HQ, as computing colossus explores conversational interfaces in BMW i8 hybrid sports cars
IBM has entered into a new collaboration with the BMW Group, through which the companies will work together to explore the role of Watson cognitive computing in personalizing the driving experience and creating more intuitive driver support systems for cars of the future.
As part of the agreement, the BMW Group will collocate a team of researchers at IBM’s global headquarters for Watson Internet of Things (IoT) in Munich, Germany and the companies will work together explore how to improve intelligent assistant functions for drivers.