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.
The Organization of the Petroleum Exporting Countries, Opec, and big oil companies around the world are looking at the growing popularity of electric cars anew, and revising their forecasts, according to a new report by Bloomberg New Energy Finance.
The prospect of a massive trend that shows consumers turning away from petrol-driven vehicles would have huge implications for the oil industry.
Autonomous vehicle technology company Nauto, which is developing an artificial intelligence and data platform for self-driving technology, has closed a $159 million Series B financing round, led by a SoftBank subsidiary, and Greylock Partners.
Other participants include previous strategic investors BMW iVentures, General Motors Ventures, Toyota AI Ventures and the venture unit of global financial services and insurance provider Allianz Group, and Series A investors Playground Global and Draper Nexus.
The market for electric cars in China is huge already and it’s growing at almost an exponential rate annually.
Commentators in the country include electric cars in the category called “new energy vehicles”, which also refers to hybrid energy vehicles, and are saying the market will be further accelerated as a result of government backing.
Continental has showcased its “Cruising Chauffeur”, an self-driving car platform which provides an insight into the company’s vision of the future of what it calls “highly automated driving” on highways.
Highly automated driving on highways is no longer just a dream, says the company, but now a reality.
The growth in popularity of electric vehicles in China alone, even if it’s a trend not followed anywhere else in the world, is enough to drive the automotive market to make fundamental changes to the way it manufactures cars as well as the raw materials and fuels it uses.
Nvidia has formed a strategic partnership with ZF and Hella to deliver AI technology with the New Car Assessment Program safety certification for the mass deployment of self-driving vehicles.
ZF, one of the industry’s largest automotive suppliers, and Hella, a leading tier 1 supplier of camera perception software and sensor technologies, will provide customers with a complete self-driving system that integrates front camera units, as well as supporting software functions and radar systems.
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 Teamsters Union is calling for any federal legislation regarding self-driving technology to take into account public safety and the millions of working Americans employed in transportation and related industries.
At a public hearing on Capitol Hill this week, House lawmakers discussed 14 pieces of draft legislation on self-driving vehicles. The bills could be combined into a final package for introduction in the 115th Congress.
China’s enthusiasm for new technology, combined with its paranoia about being left behind in a globally intensifying high-tech competition, sometimes leads it to create small bubbles in its economy which may or may not dissipate in the disciplined manner in which the markets they encompass may have emerged in the first place.
Renesas, one of the leading suppliers of electronics to the automotive sector, says it is developing a new range of products which it plans to launch towards the end of this year, according to a report in Automotive News.
The company plans to market the new range of products under the label of “Renesas Autonomy”, and it will include such things as an image-recognition system which works with automotive cameras, around-view monitors and lidar systems.
Company claims to be the first company to use mass-production methods for autonomous and electric vehicles
General Motors says it has completed production of 130 Chevrolet Bolt EV test vehicles equipped with its next generation of self-driving technology at its Orion Assembly Plant located in Orion Township, Michigan.
The vehicles will join the more than 50 current-generation self-driving Bolt EVs already deployed in testing fleets in San Francisco; Scottsdale, Arizona; and metro Detroit.
GM CEO Mary Barra says: “This production milestone brings us one step closer to making our vision of personal mobility a reality.