Robotics & Automation News

Market trends and business perspectives

adoption

Smart factory market to grow to $155 billion by 2025

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The global smart factory market is set to grow from its current market value of more than $75 billion in 2018 to $155 billion by 2025, according to a new research report by Global Market Insights.

The increasing adoption of technology has driven the demand for smart industrial solutions to save operational and labor costs, and is driving smart factory market.

Digitally advanced factories have been manufacturing industrial robots that are replacing human laborers in several operations with the help of evolutionary technologies like big data, artificial intelligence, analytics and internet of things. [Read more…] about Smart factory market to grow to $155 billion by 2025

TypingDNA Aims to Increase the Adoption of Behavioral Biometrics Worldwide

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Behavioral biometrics company TypingDNA has announced a successful funding round, capping at $7,000,000.

TypingDNA was founded in Romania in 2016. Since 2018 they have a branch in New York and have raised around $8.8 million to date. Google’s AI-focused venture fund, Gradient Ventures, and EU-based fund GapMinde led the latest funding round.

With their funding secured, TypingDNA hopes to expand the adoption of behavioral biometrics worldwide. They will start by increasing the number of platforms their API can integrate with. [Read more…] about TypingDNA Aims to Increase the Adoption of Behavioral Biometrics Worldwide

Universal Robots ‘future-proofs’ production processes at Vietnamese manufacturer with collaborative robots

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Universal Robots has helped Vietnam-based Vinacomin Motor Industry Joint Stock Company “future-proof” its production processes with collaborative robots.

VMIC is a subsidiary of the Vinacomin Group, a state-owned coal and mining giant.

VMIC, one of the first state-owned manufacturers to deploy cobots, has seen productivity increase two to three times, with improved product quality, leading to a 50 to 60 percent rise in orders. [Read more…] about Universal Robots ‘future-proofs’ production processes at Vietnamese manufacturer with collaborative robots

Smart homes to drive consumer robotics demand to 39 million shipments a year by 2024

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Smart homes are predicted to drive the demand for consumer robotics to 39 million shipments a year by 2024, according to analysis by ABI Research.

But a “disconnect between smart home and home robotics offerings has been a factor limiting home robotics adoption”. says ABI.

Pricing, availability, and consumer awareness have been factors too, but a new study finds that robot vendors increasingly see value in supporting the integration of their devices into smart home functionality. [Read more…] about Smart homes to drive consumer robotics demand to 39 million shipments a year by 2024

StoreDot and BP fully charge an electric vehicle in five minutes

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StoreDot and BP have demonstrated a live, full-charge of a two-wheel electric vehicle (EV) in just five minutes.

An electric scooter equipped with StoreDot’s charging battery demonstrated that this technology can charge an electric vehicle in only five minutes.

This proof-of-concept is a major milestone for ultra-fast charging battery technology and its game-changing potential to accelerate the adoption of EVs.

[Read more…] about StoreDot and BP fully charge an electric vehicle in five minutes

Opinion: Robotic end-of-arm tools are shaping the manufacturing industry

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By Thomas Knudsen, general manager Northern Europe, OnRobot

Within a diverse and innovative sector like the manufacturing industry, flexibility is key.

Robotics, a key enabler of this, has already taken this industry by storm, allowing factories worldwide to automate more and more tasks, cutting costs and increasing productivity.

However, simple automation is no longer enough. Manufacturers now require unique automation solutions for each specific production environment, to tackle the talent shortage they are facing, but can’t redesign facilities for every different process and application.  [Read more…] about Opinion: Robotic end-of-arm tools are shaping the manufacturing industry

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