World’s largest automotive companies and an intro to their autonomous and electric vehicle tech moves

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A picture of a car production line, this one in an Audi factory

In the first of a series of articles about large industrial companies, we list 20 of the leading automakers in the world in order of their last reported annual revenue amount, and highlight some of their more interesting developments in autonomous technologies. 

Automakers are have long been the largest market for industrial robotics and automation systems, but also, more recently, the vehicles they produce have become more robotic.

The design and development of road vehicles are becoming increasingly an exercise in developing computing technology – both hardware and software. Add to that the growing importance of artificial intelligence to run the advanced driver assistance systems that many new cars already have. Continue reading World’s largest automotive companies and an intro to their autonomous and electric vehicle tech moves

Robotics and automation companies off to fast start since Trump’s inauguration

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Market News Updates: Vision guided robotics and automated food retail technologies lead gainers on stock market

Since being inaugurated on January 20, 2017, President Donald Trump has pursued a policy of discouraging manufacturers from leaving the United States.

As a result, more businesses, large and small, have turned towards robotics technologies to keep labor costs down.

While this trend may sound alarming for the American worker, recent trends point to rising domestic employment in these industries that would otherwise exit American shores.

On the whole, investors positioned in companies pursuing robotic technologies are continuing to be rewarded as business continues to shift toward high tech business solutions, a trend that appears likely to continue.  Continue reading Robotics and automation companies off to fast start since Trump’s inauguration

Industrial robot revenue will triple by 2025, says report

industrial robots

ABI Research forecasts revenues will reach nearly $45 billion in 2025, fueled by Chinese demand

ABI Research forecasts that industrial robot shipments will exhibit an average year-over-year growth rate of 16 per cent by 2021.

As industrial robots continue to infiltrate the workforce to increase production efficiencies, this will result in annual revenue exceeding $30 billion in 2020 and nearly $45 billion in 2025.

The automotive sector will remain the leading acquirer of industrial systems, even as it loses share to other growing industry verticals, including the electrical and electronics, rubber, and plastics industries.  Continue reading Industrial robot revenue will triple by 2025, says report

Universal Robots sees 91% growth in revenue

universal robots office building

Universal Robots’ recently published financial statements leave no doubt as to the enormous growth potential of the robot industry.

With revenue reaching 418 million DKK in 2015, the Odense-based company achieved 91% growth compared to 2014, while delivering a brilliant bottom line performance: a profit of 65.4 million Danish krone (DKK) before tax.

It created quite a stir when American Teradyne paid more than $285 million for all the shares in the Odense-based company Universal Robots in the spring of 2015. Continue reading Universal Robots sees 91% growth in revenue