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Hyundai creates separate industrial robotics division, aims for top 5 status

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Hyundai Heavy Industries has established a robotics division and has a stated goal of becoming one of the top five industrial robot manufacturers in the world. 

Hyundai Robotics was established in 1984, and has been a division of Hyundai until now.

It is already said to be the largest manufacturer of industrial robots in South Korea, but now, as a standalone business, it wants to double its capacity and earn $440 million in revenue by 2021.  [Read more…] about Hyundai creates separate industrial robotics division, aims for top 5 status

Industrial robotics market projected to reach more than $70 billion by 2023

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The industrial robotics market is forecast to reach beyond $70 billion by 2023, according to a new report. 

The main drivers for the industrial robotics market are increasing investments for automation in various industries and the growing demand from small and medium-scale enterprises in developing countries.  [Read more…] about Industrial robotics market projected to reach more than $70 billion by 2023

Octopuz releases new version of industrial robot programming software

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Octopuz has released the latest version of its industrial robot programming and simulation software. 

The company says Octopuz 1.7 is packed with new features and enhancements, including robot code importing, NC code importing, an all-new tool manager, and URP program generation for UR robots.

Octopuz has also added something called SmartPath, which provides automated methods of orientating the robot and making changes to solve conflicts.  [Read more…] about Octopuz releases new version of industrial robot programming software

Big industrial robot manufacturers looking to move into China

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yaskawa china
Picture courtesy of Dr Miha Pipan

The huge and growing demand for industrial robots in China is prompting the world’s largest industrial robot makers to look into setting up operations in the country. 

In particular, Japanese companies are said to be profiting from China’s huge increase in demand for industrial robots.

Statistics collated by the Japan Robot Association show that the country exported around $4.4 billion worth of industrial robots to China in 2016.  [Read more…] about Big industrial robot manufacturers looking to move into China

Sepro launches €11 million expansion of robot operations in France and the US

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sepro building

The Sepro Group has embarked on an €11 million expansion plan which will accelerate its robot operations in France and the US.

Following four years of “record-setting sales growth”, Sepro says its three-phase, €11 million expansion plan will increase production capacity at the company’s headquarters facility in La Roche-sur-Yon, France, and launch a new global training facility nearby.

In the US, the plan will add large-robot assembly capabilities to the systems integration and service operations already in place at the Sepro America operation in Pittsburgh, Pennsylvania.  [Read more…] about Sepro launches €11 million expansion of robot operations in France and the US

Kuka to build personal assistance robot business with Midea

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Midea-products
Some of the products Midea manufactures

Kuka, one of the world’s largest manufacturers of industrial robotic arms, is planning to expand into the area of personal assistance robotics. 

This is according to an article on FT.com, which quotes Kuka chief executive Till Reuter.

Reuter told the FT that he sees potential for using Midea’s reach into the household appliances market to develop more complex, intelligent machines which can help with household tasks.  [Read more…] about Kuka to build personal assistance robot business with Midea

Japan turning to robots because there’s not enough humans around

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FILE PHOTO: Humanoid robots work side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo
Humanoid robots work side by side with employees in the assembly line at a factory of Glory, a manufacturer of automatic change dispensers, in Kazo, north of Tokyo, Japan. Reuters / Issei Kato / File Photo

By Stanley White, Reuters

Desperate to overcome Japan’s growing shortage of labour, mid-sized companies are planning to buy robots and other equipment to automate a wide range of tasks, including manufacturing, earthmoving and hotel room service.

According to a Bank of Japan survey, companies with share capital of 100 million yen to 1 billion yen plan to boost investment in the fiscal year that started in April by 17.5 percent, the highest level on record.

It is unclear how much of that is being spent on automation but companies selling such equipment say their order books are growing and the Japanese government says it sees a larger proportion of investment being dedicated to increasing efficiency. Revenue at many of Japan’s robot makers also rose in the January-March period for the first time in several quarters.  [Read more…] about Japan turning to robots because there’s not enough humans around

Fanuc leads rising tide of industrial automation in the US

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The ongoing global trend towards greater industrial automation is being reflected in an increase in the number of industrial robots into the US. 

According to a report by Panjiva, a global trade platform, the upswing is likely to continue.

Chris Rogers, Panjiva research analyst, says industrial robot manufacturer has been one of the leading beneficiaries.  [Read more…] about Fanuc leads rising tide of industrial automation in the US

IoT ‘transforming’ industrial robotics market, says report

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industrial robots

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.

But the challenges in integrating and programming them restrain their widespread application across verticals. [Read more…] about IoT ‘transforming’ industrial robotics market, says report

Industrial robot revenue will triple by 2025, says report

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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.  [Read more…] about Industrial robot revenue will triple by 2025, says report