Robotics & Automation News

Market trends and business perspectives

billion

Industrial robot components market set for higher growth over next decade

by Leave a Comment

The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023. [Read more…] about Industrial robot components market set for higher growth over next decade

Plus One Robotics’ parcel handling solutions surpass 500 million picks

by Leave a Comment

Plus One Robotics, a provider of a parcel handling robotics platform claiming to performing over 1 million parcel picks each day in production, says its platform has reached over half a billion parcel picks globally. 

The company says the 500 million figure is “currently an industry leading metric”.

Erik Nieves, Plus One Robotics’ CEO and founder, says: “Our north star will always be to increase our customers’ total picks per day. [Read more…] about Plus One Robotics’ parcel handling solutions surpass 500 million picks

Automation‌ ‌and‌ ‌IoT‌‌: ‌Transforming‌ ‌How‌ ‌Industries‌ ‌Function‌

by Leave a Comment

The key role of technologies is to facilitate our life. But the modern use cases of tech solutions are not limited to everyday tasks.

Actually, we should admit that the most important functions that technologies, and especially the Internet of Things (IoT), have today are related to their implementation by different industries.

As a result, the main beneficiaries are enterprises that have the possibility to fully transform their approach to organizing various processes. [Read more…] about Automation‌ ‌and‌ ‌IoT‌‌: ‌Transforming‌ ‌How‌ ‌Industries‌ ‌Function‌

Global spending on semiconductor fabrication equipment forecast to reach ‘all-time high’ of almost $100 billion in 2022

by Leave a Comment

Global fabrication equipment spending for front-end facilities is expected to increase approximately 9 percent year-over-year to a new “all-time high” of $99 billion in 2022, according to SEMI.

The industry association revealed its prediction in its latest quarterly World Fab Forecast report. The report also shows the global fab equipment industry increasing capacity this year and again in 2023.

Ajit Manocha, SEMI president and CEO, says: “After achieving a record level in 2022, the global fab equipment market is projected to remain healthy next year driven by new fabs and upgrade activity.” [Read more…] about Global spending on semiconductor fabrication equipment forecast to reach ‘all-time high’ of almost $100 billion in 2022

Kuka receives ‘record orders’ in first six months of year

by Leave a Comment

Kuka, one of the world’s largest manufacturers of industrial robots, says it has achieved “record orders” in the first six months of 2022.

At €2,545.4 million, the value of Kuka Group’s orders received in the first half of the year was 34.8 percent higher than in the previous year, and sales revenues increased by 13.5 percent to around €1.7 billion.

In addition, Kuka improved earnings before interest and taxes (EBIT) to €48.6 million (H1/21: €33.8 million). The EBIT margin increased to 2.8 percent in the first half-year 2022. [Read more…] about Kuka receives ‘record orders’ in first six months of year

Veo Robotics named in CB Insights’ advanced manufacturing top 50

by Leave a Comment

Business research website CB Insights has named Veo Robotics, the Waltham-based industrial automation company building sensing and intelligence for robots to collaborate with humans safely, to its first-annual Advanced Manufacturing 50 ranking, showcasing the 50 most promising private advanced manufacturing companies in the world.

Founded by Patrick Sobalvarro, Clara Vu, and Scott Denenberg, Veo has pioneered the creation of software and hardware that allow for fluid, efficient, and flexible production lines within manufacturing facilities.

Also making the list within the robotics and collaborative robots category were Rokae, Novarc Technologies, Linkwiz, Exotic, and Locus Robotics. [Read more…] about Veo Robotics named in CB Insights’ advanced manufacturing top 50

Global semiconductor equipment sales grow 5 percent to $25 billion

by Leave a Comment

Global semiconductor equipment billings grew 5 percent year-over-year to $24.7 billion in the first quarter of 2022, according industry association SEMI.

The figures were revealed in SEMI’s Worldwide Semiconductor Equipment Market Statistics Report. Quarter-over-quarter billings in the seasonally soft first quarter declined 10 percent.

Ajit Manocha, SEMI president and CEO, says: “Year-over-year first quarter equipment revenue growth is in sync with positive forecasts for 2022 as the semiconductor industry continues its robust increase of fab capacity. North America and Europe logged healthy quarter-over-quarter rises in equipment spending as they intensify efforts to bolster domestic chipmaking.” [Read more…] about Global semiconductor equipment sales grow 5 percent to $25 billion

Key VPN Statistics: What Are the Numbers Telling Us?

by Leave a Comment

All over the world, individuals use virtual private networks (VPNs) to secure their connections to the internet. The encryption protects your activity from prying eyes, allowing you to browse the web with greater anonymity.

Furthermore, a VPN may replace your actual IP address with one from another region, allowing you to access material that would otherwise be. [Read more…] about Key VPN Statistics: What Are the Numbers Telling Us?

Global semiconductor equipment sales to reach $118 billion

by Leave a Comment

Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a record $117.5 billion in 2022, rising 14.7 percent from the previous industry high of $102.5 billion in 2021, and increase to $120.8 billion in 2023, SEMI reports in its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective at SEMICON West 2022 Hybrid.

Both the front-end and back-end semiconductor equipment segments are contributing to the market expansion. The wafer fab equipment segment, which includes wafer processing, fab facilities, and mask/reticle equipment, is projected to expand 15.4% to a new industry record of $101 billion in 2022, followed by a 3.2 percent increase to $104.3 billion in 2023.

Ajit Manocha, president and CEO of SEMI, says: “In line with the semiconductor industry’s determined push to increase and upgrade capacity, the wafer fab equipment segment is poised to reach the $100 billion milestone for the first time in 2022. [Read more…] about Global semiconductor equipment sales to reach $118 billion

German robotics and automation sector experiencing ‘booming demand’

by Leave a Comment

The robotics and automation industry in Germany is benefiting from a boom in demand, according to industry association VDMA.

In the first four months of 2022, order intake increased by 38 percent year-on-year. The dynamic market development had already been noticeable with the results for 2021, in which industry turnover rose by 13 percent – more than expected.

Frank Konrad, chairman of the VDMA Robotics + Automation Association, says: “The robotics and automation industry is booming. [Read more…] about German robotics and automation sector experiencing ‘booming demand’