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Demand for robot vision system set to surpass $7 million by 2033

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The global robot vision system market is likely at $2,690.4 million in 2023 and expected to grow at a compound annual growth rate of 10.4 percent during the forecast years of 2023-2033, according to a report by Fact.MR.

In order to improve job efficiency and replace human labour, the market for robots is rising and is anticipated to rise more during the coming year.

The market is expanding as a result of increased adoption of machine vision systems and the use of cognitive humanoid robots in end use industries such as automotive industry and others. [Read more…] about Demand for robot vision system set to surpass $7 million by 2033

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

Hai Robotics raises more than $100 million in D+ financing round

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Hai Robotics, the developer of its own Autonomous Case-handling Robot (ACR) systems for warehouse logistics, has raised more than $100 million in a D+ round of financing.

The lead investor is Capital Today, and co-investors include a top US dollar fund and existing shareholders including 5Y Capital, Source Code Capital, Sequoia Capital and 01VC.

This is the third round of financing it has obtained within the past 12 months. [Read more…] about Hai Robotics raises more than $100 million in D+ financing round

Geek+ and DHL showcase ‘the future of robotics automation’ in DHL’s Asia Pacific Innovation Center

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Geek+, a manufacturer of autonomous mobile robots, is partnering with DHL’s Asia Pacific Innovation Center. Located in Singapore, the center will be home to a new exhibit that showcases a cutting-edge, automated, and completely integrated e-commerce solution.

Named the “Warehouse of the Future”, the exhibit integrates RoboShuttle tote-picking robot and robot-arm technology for full-scale automation.

The project represents the shared values and commitments of both Geek+ and DHL to accelerate innovation and educate supply chain leaders on the opportunities that come with robotics automation. [Read more…] about Geek+ and DHL showcase ‘the future of robotics automation’ in DHL’s Asia Pacific Innovation Center

Rootstock Software partners with Xitricon to deliver Rootstock Cloud ERP to the Middle East

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Rootstock Software, a leading provider of cloud Enterprise Resource Planning (ERP) solutions built on the Salesforce platform, has agreed a partnership with Xitricon, a Dubai-headquartered company that specializes in planning, configuration, and implementation of enterprise solutions, such as ERP and customer relationship management (CRM).

Xitricon operates in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, countries comprising the Gulf Cooperation Council. It also has a development and resource center in Sri Lanka.

Henk Bruinekreeft, regional vice president at Rootstock Asia Pacific, says: “With this partnership, we add six countries to our international ERP market, and we extend our presence in the Middle East. [Read more…] about Rootstock Software partners with Xitricon to deliver Rootstock Cloud ERP to the Middle East

Kia to develop autonomous vehicles for last-mile delivery in Singapore

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Kia is planning to develop a variety of technologies including autonomous vehicles for last-mile delivery in Singapore.

The company has begun to lay the groundwork for its “Purpose Built Vehicle” (PBV) business, partnering with cold chain start-up S.lab Asia to break into Singapore’s last-mile delivery market.

The two companies have signed an agreement aimed at launching a pilot project in Singapore using the e-Niro and evaluating the potential for a future PBV-based business model. [Read more…] about Kia to develop autonomous vehicles for last-mile delivery in Singapore

Top Australian retailer installs more than 100 Geek+ warehouse robots in partnership with Körber

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Geek+, a manufacturer of autonomous mobile robots, has been chosen by Catch.com.au, one of Australia’s leading online retailers, to provide more than 100 AMRs through its global integration partner Körber.

The companies say the partnership is bringing new opportunities for the e-commerce marketplace in Australia and New Zealand.

In the past year, Catch.com.au has seen its already rapidly growing business expand with thousands of additional SKUs being added to its already extensive range of brands and products. [Read more…] about Top Australian retailer installs more than 100 Geek+ warehouse robots in partnership with Körber

OnRobot launches new gripper for demanding applications

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OnRobot has launched a new gripper for demanding applications.

OnRobot’s cleanroom-ready, IP67-certified, collaborative 2FG7 parallel gripper is the latest addition to OnRobot’s range of all-electric gripper products.

OnRobot describes the 2FG7 as “a complete, low cost, easy to use, out-of-the-box, cleanroom-ready parallel gripper”. [Read more…] about OnRobot launches new gripper for demanding applications

Hitachi awarded its ‘largest order’ to install 300 lifts at Singapore apartments

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Hitachi Elevator Asia has been awarded the contract for the supply and installation of 300 lifts by the Housing & Development Board of Singapore.

This is the largest single order for the Hitachi group’s lifts and escalators business in Singapore.

Hitachi Elevator Asia will see the supply, delivery and installation of the 300 lifts at HDB blocks. [Read more…] about Hitachi awarded its ‘largest order’ to install 300 lifts at Singapore apartments

Industry 4.0 to ‘revolutionize’ use of safety sensors and switches, says report

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The so-called “Industry 4.0” trend – an umbrella term for a range of connectivity and automation technologies – will “revolutionize” the use of safety sensors and switches, according to a new report.

The Global Market Study on Safety Sensors and Switches, by Persistent Market Research, says the global market is projected to expand at “a meteoric rate” to register annual growth of 10.7 per cent throughout the period of assessment, 2017-2025.

In 2017, the global market for safety sensors and switches was valued at around $13.8 billion and is estimated to touch a valuation higher than $30 billion by the end of the period of forecast. [Read more…] about Industry 4.0 to ‘revolutionize’ use of safety sensors and switches, says report