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Material handling robot market predicted to grow to $13 billion by 2033

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The global market value for material handling robots will reach $5,542 million in 2023 and grow at a healthy compound annual growth rate of 8.6 percent between 2023 and 2033, according to research by Fact.MR. 

Increasing acceptance of advanced automated material handling robots, increasing need for high efficiency systems, increasing industrialization in emerging markets, constant technological advances, multiple industries such as automotive, manufacturing, e-commerce and many more.

High acceptance of US Investment in digital infrastructure and growing need to reduce labor costs are key factors behind the growth of the automated material handling robots market. [Read more…] about Material handling robot market predicted to grow to $13 billion by 2033

Thermo Fisher Scientific partners with Celltrio to build fully automated cell culture system

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Thermo Fisher Scientific, one of the world’s leading science companies, and Celltrio, a manufacturer of robotics-based solutions for the life sciences industry, have collaborated to bring a fully automated cell culture system to biotherapeutics customers.

The collaboration will integrate the Thermo Scientific Momentum workflow scheduling software with the Celltrio RoboCell cell line automation platform to address the critical unmet market need for high-throughput automated cell line culturing and maintenance.

Celltrio’s RoboCell systems distributed in Europe will now use Momentum software for work scheduling and data management. [Read more…] about Thermo Fisher Scientific partners with Celltrio to build fully automated cell culture system

Hacking Robots: The 5 Threats You Need to Know About

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Robots have already flipped manufacturing industries on their heads in the last couple of decades. With the potential to revolutionize everything from the military and law enforcement to education, it’s vital to take stock of the security risks that come with increased automation.

Manufacturing companies are the second biggest target for ransomware gangs. If robots are vulnerable to attack, money-hungry criminals will find a way to disrupt factories and demand payment to restore systems.

Where exactly do the risks to robots and automation systems come from? We’re going to explore who is likely to exploit issues in system confidentiality, integrity, availability, and authentication. [Read more…] about Hacking Robots: The 5 Threats You Need to Know About

AMD launches Kria ecosystem program to help developers bring automation solutions to market faster

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Chipmaker AMD has launched a new Kria-based ecosystem program to help developers bring automation solutions to market faster.

Building on the success of its AMD Kria portfolio of adaptive system-on-modules (SOMs), the company has unveiled the AMD Kria SOM ODM Partner Ecosystem.

AMD says this new program delivers production-grade, fully functional Kria SOM-based solutions that help customers get to market faster without the need for dedicated chip-design resources. [Read more…] about AMD launches Kria ecosystem program to help developers bring automation solutions to market faster

stow Robotics and Phononic collaborate to design cold chain fulfillment solutions

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stow Robotics, the warehouse automation business unit within stow Group, and Phononic, a provider of solid state cooling technology, have formed a strategic alliance to provide cold chain fulfillment solutions that serve the retail grocery industry across North America and Europe.

Combining stow Robotics’ automation expertise with Phononic’s sustainable active cooling technology, the two companies are collaborating to design, develop and scale solutions for cold chain fulfillment, particularly for grocery automated fulfillment centers.

stow Group is one of the leading suppliers of industrial storage solutions. Through stow Robotics, stow Group is implementing warehouse automation for every industrial need with its growing platform of scalable and innovative automated technologies. [Read more…] about stow Robotics and Phononic collaborate to design cold chain fulfillment solutions

Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

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Sales in the global industrial robotics market are expected to total $33.75 billon by 2022, rising at a compound annual growth rate of 19.2 percent during the forecast period 2022-2028.

A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights. The report analyses the industrial robotics market and makes significant forecasts for the years 2019 to 2029.

The industrial robotics market is projected to reach $96.82 billion by the end of 2028. As more focus is placed on increasing the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices, the market is expanding. [Read more…] about Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

What is Big Data Analytics and How Can it Help Small Businesses?

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Big data analytics refers to the complex process of using advanced analytical tools to make sense of the vast amount of information that can be gathered from sources such as IoT devices, social media, and cloud applications.

Deriving usable information from big data can help small businesses improve their management models, rise against competitors, and make strategic business decisions.

The roots of big data can be traced back to 1663 when John Graunt used statistical data analysis for the first time in dealing with bubonic plague studies. [Read more…] about What is Big Data Analytics and How Can it Help Small Businesses?

How Automation Has Revolutionized the Healthcare Industry

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Automation is more than just a buzzword – it’s a way of working that’s revolutionizing not only the business world, but people’s home lives, too.

With at least one process being automated in 31 percent of companies and automation spending growing by 14 percent annually, there’s never been a better time to invest in automation solutions.

But what exactly is automation, and how is it helping the pharmaceutical industry to evolve? Let’s take a look. [Read more…] about How Automation Has Revolutionized the Healthcare Industry

New 3D Printer That Creates Custom Prescription Drugs Developed by University College London

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University College London (UCL) have developed an exciting new 3D printing technique: “volumetric 3D printing” that lets the pharmaceutical industry customize drugs – including shape, size, dosage, and release – according to each patient’s individual needs.

In turn, medical professionals may eventually be able to use 3D printing to “print” prescription drugs for patients in-office in the future. Not only does 3D printing promise to improve personalized medicine, but it’s also set to drastically cut cost and waste in the process. [Read more…] about New 3D Printer That Creates Custom Prescription Drugs Developed by University College London

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