Mobile robotics in material handling and logistics will become a $75 billion market by 2027, according to a new report, which adds that it will be more than double by 2038.
These staggering headline figures mask turbulent transformative change underneath: some technologies will rise and transform the fortunes of industries, fuelling growth rates far outpacing recent trends, whilst others will face with decay and obsolescence.
A team of researchers at Stanford have designed a 4D camera which could improve vision for applications in robotics and virtual and augmented reality technologies.
The new vision technique could also be used in autonomous vehicles, add the researchers – Donald Dansereau, a postdoctoral fellow in electrical engineering, and Gordon Wetzstein, assistant professor of electrical engineering, and others.
Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics.
Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.
ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.
“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.
“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter. Continue reading Robotics and automation news is good for ABB, says CEO
A combination of higher wages in Asian countries and a trend for bringing back manufacturing to the US could dismantle large parts of Asian economies, many of which depend on the textiles and clothes manufacturing trades for huge portion of their national income.
An interesting video report by the Financial Times points to this possible future, but adds that in practice, for now, “almost all of the world’s T-shirts and jeans by millions of cheap workers, mostly women, watching over sewing machines”.
The chief executive of telecommunications giant SoftBank says the effects of artificial intelligence will take the world much further and have a more profound effect than even the industrial revolution.
In an article accompanying a special edition of the CBS news magazine 60 Minutes, SoftBank CEO Masayoshi Son was quoted as saying the new “information revolution” is being partly driven by data collected through billions of sensors.
SoftBank has been buying up a variety of AI and robotics startups, most recently a company called Nauto, which is developing systems for driverless cars.
At the root of the technology, Son says, are microprocessors and microcontrollers. “Those who rule chips will rule the entire world,” he said. “Those who rule data will rule the entire world. That’s what people of the future will say.”
Rethink Robotics has signed deals with nine distribution partners throughout the United States and Europe to extend the availability of its smart, collaborative robots.
With an extensive network throughout the world – including partners in the US, UK, Germany, France, Spain, China, Korea, Japan, Mexico and Australia – these distribution deals are part of Rethink’s efforts to meet growing demand across the globe, bringing flexible automation to the global manufacturing market.