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Commercial and industrial robotics market to see ‘rapid growth’ over the next eight years, says report

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The commercial and industrial robotics market is expected to see rapid growth over the next eight years, according to the latest forecasts from ABI Research.

Different research companies segment the robotics and automation industry in different ways, so it’s up to readers to decide how to piece together the various reports to build up a complete picture.

But according to ABI Research, what it calls the “commercial and industrial robotics market” will see revenues increase from $15 million in 2017 to over $48 million in 2025.  [Read more…] about Commercial and industrial robotics market to see ‘rapid growth’ over the next eight years, says report

SoftBank to invest $10 billion in Uber

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SoftBank is highly likely to go ahead with its plan to invest $10 billion in Uber, the ride-hailing app company, according to a report on CNet.com. 

An Uber representative quoted by CNet says: “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment.

“We believe this agreement is a strong vote of confidence in Uber’s long-term potential. Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance.”  [Read more…] about SoftBank to invest $10 billion in Uber

Kuka launches mobile app for monitoring its robots

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Kuka has launched a mobile app for monitoring its robots. 

The app – called Kuka Connect – is available for both iOS and Android platforms.

The company says the app features push notifications, which enables real-time fault discovery and the automation of routine maintenance scheduling.  [Read more…] about Kuka launches mobile app for monitoring its robots

Hanwha Techwin shows off its new collaborative robots

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Hanwha has been showing off its new collaborative robot, which it may utilise in its various automation projects going forward.

The company recently won a contract to provide a logistics automation facility for the Nexen Tire company’s planned factory in the Czech Republic.

Hanwha says it has made inroads into robotics because it had anticipated its importance.  [Read more…] about Hanwha Techwin shows off its new collaborative robots

Hanwha to build logistics automation facility for Nexen Tire’s Czech factory

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Hanwha has closed a deal on a $79.26 million project to build a logistics automation system and facility for Nexen Tire in the Czech Republic.

A major Nexen Tire Czech plant is being built in Zatec, 70 km northwest of Prague, the capital of the Czech Republic.

The plant will serve as Nexen’s tire production base in Europe as the location lends itself to easy access to key markets in Europe including the UK, France, and Germany.   [Read more…] about Hanwha to build logistics automation facility for Nexen Tire’s Czech factory

IT + OT = IIoT: Cisco Jasper’s formula for the industrial internet

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In this exclusive interview, Theresa Bui, IoT product marketing and strategy, Cisco Jasper, lays out the company’s solution for bringing together OT and IT 

In the past couple of years, networking giant Cisco has made a big push into the industrial sector to ride the wave of Industry 4.0 or the industrial internet of things or whatever you want to call the trend of connecting machines that previously operated mostly in isolation.

Computer networking equipment, which is generally to be found within the category of “information technology”, is quickly becoming a critical part of the traditional industrial company, alongside what is increasingly referred to as “operation technology”, referring to the machines and robots and such.

Industrial companies have been attaching tens of millions of sensors to equipment and components in all areas of their operation in order to make the data they collect available to IT.  [Read more…] about IT + OT = IIoT: Cisco Jasper’s formula for the industrial internet

Enabling Industry 4.0: Baumüller at SPS IPC Drives 2017

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Industrial automation specialist Baumüller is presenting its exhibits for its main theme “Enabling Industry 4.0” at SPS IPC Drives in hall 1 at booth 560 from November 28 to 30, 2017.

The trade fair visitors will be able to see how Baumüller makes the smart digitization and networking of machines and systems possible for its customers with intelligent components and solutions, creating the connections and interfaces for Industry 4.0.

At the trade fair stand, Baumüller will show how Industry 4.0 generates added benefits through increased efficiency for the mechanical engineer in every phase of the value added chain.  [Read more…] about Enabling Industry 4.0: Baumüller at SPS IPC Drives 2017

Material handling: An overview of a fast-moving market

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Material handling refers to the movement of items within relatively small spaces, such as a warehouse. 

In that sense, it’s different from logistics, which refers to movement of goods over longer distances, from city to city or across countries and continents.

But material handling falls within logistics, obviously, and can sometimes be categorised within intralogistics – as in, movement of goods within a company’s network of warehouses and manufacturing facilities.  [Read more…] about Material handling: An overview of a fast-moving market

Robotics and automation reshaping Thailand’s economy, as it looks to sell more industrial robots

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Asian country’s government-backed investment organisation talks up ‘Thailand 4.0’, highlighting the industrial robot manufacturing sector, where sales are forecast to increase by 133 per cent from 2,131 units in 2013 to 7,500 units in 2018 – and it’s offering huge tax breaks to achieve it 

Thailand has been doing well as a result of globalisation, but with increasing attention to, and investment in robotics, the country is looking to further accelerate its development. 

Authorities in the country have launched something they call “Thailand 4.0” – based on Industry 4.0 – which essentially refers to the greater levels of internet connectivity in the industrial sector.

And even if the country’s industrial sector has been doing well, greater levels of connectivity would elevate operations to a higher level, or create value, as the authorities see it.  [Read more…] about Robotics and automation reshaping Thailand’s economy, as it looks to sell more industrial robots

Luxembourg ‘leading the way’ towards the fourth industrial revolution

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The tiny country of Luxembourg is claimed to be “leading the way towards the fourth industrial revolution”.

Luxembourg may have one of the highest per capita GDPs in the world but it’s more a city than a country.

It has a landmass of about 2,500 square kilometres and a population of just over half a million.  [Read more…] about Luxembourg ‘leading the way’ towards the fourth industrial revolution

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