Robotics & Automation News

Market trends and business perspectives

billion

Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

by Leave a Comment

The market for autonomous mobile robots performing material handling tasks has expanded greatly in the last few years, with global revenues of $223 million in 2016 expanding to $800 million in 2020, according to a new report by ABI Research.

To help commentators and end users understand the strongest horses in this race, global tech market advisory firm, ABI Research has completed a detailed profile on ten of the most promising autonomous handling robotics vendors: Teradyne, Fetch, Bluebotics, Seegrid, Gideon Brothers, Agilox, Baylo, IAM Robotics, Vecna Robotics, and Forward X. [Read more…] about Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

Mitsubishi Electric to supply elevators and escalators for ‘One Bangkok’ development

by Leave a Comment

Mitsubishi Electric says its subsidiary Mitsubishi Elevator in Thailand has secured a major order from “One Bangkok”, an enormous new development in the capital city.

A joint venture between TCC Assets and Frasers Property, One Bangkok is Thailand’s largest private sector property initiative ever undertaken, setting new benchmarks in design, smart-city living and sustainability.

The fully integrated district is poised to become a global landmark, attracting top-level businesses, tourists and locals alike by seamlessly connecting offices, retail, luxury hotels, residences, as well as cultural spaces. [Read more…] about Mitsubishi Electric to supply elevators and escalators for ‘One Bangkok’ development

Delivery robot company Refraction AI raises $4.2 million

by Leave a Comment

Refraction AI, the robotics startup and creator of the REV-1 autonomous delivery robot, has raised $4.2 million in new seed funding led by Pillar VC.

The company says the capital will be used for customer acquisition, geographic expansion and product development.

Founded in July 2019, Refraction AI solves last-mile delivery logistics with a practical, economical and sustainable application of mobile robot technology. [Read more…] about Delivery robot company Refraction AI raises $4.2 million

Agriculture robotics startup Future Acres looking to raise $3 million

by Leave a Comment

Startup Future Acres is looking to raise $3 million to bring agricultural robotics to the farm industry in order to “optimize workforce efficiency”. 

The initiative to raise up to $3 million in seed capital is being organized through the equity crowdfunding site SeedInvest. The company is producing an autonomous, electric agricultural robotic harvest companion, named Carry, to help farmers gather hand-picked crops faster and with less physical demand.

At a time when farmers are tasked with producing more food than ever before to meet growing global population demands – predicted to get as high as 10 billion people by 2050 – limitations in labor and harvesting tools, in addition to environmental scrutiny, have prevented farmers from staying profitable and scaling their businesses. [Read more…] about Agriculture robotics startup Future Acres looking to raise $3 million

ABB launches new range of ‘next generation’ collaborative robots

by Leave a Comment

ABB is expanding its collaborative robot portfolio with the new GoFa and SWIFTI cobot families, offering higher payloads and speeds, to complement YuMi and Single Arm YuMi in ABB’s cobot line-up.

These stronger, faster and more capable cobots will accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.

GoFa and SWIFTI are intuitively designed so customers need not rely on in-house programming specialists. This will unlock industries that have low levels of automation, with customers able to operate their cobot within minutes of installation, straight out of the box, with no specialized training. [Read more…] about ABB launches new range of ‘next generation’ collaborative robots

GM to invest $800 million to convert existing facility into Canada’s first large-scale commercial EV plant

by Leave a Comment

American auto giant General Motors to invest $800 million to convert one of its existing facilities into Canada’s first large-scale commercial electric vehicle manufacturing plant.

Subject to ratification of a tentative 2021 agreement reached with Unifor and confirmation of government support, GM plans to bring production of its recently announced BrightDrop electric light commercial vehicle, the EV600, to its CAMI manufacturing plant in Ingersoll, Ontario (main picture, courtesy 3BL Media).

The nearly $800 million (1 billion Canadian dollar) investment will support GM’s timing to deliver BrightDrop EV600 in late 2021. The investment will enable GM to convert CAMI into Canada’s first large-scale electric delivery vehicles manufacturing plant. [Read more…] about GM to invest $800 million to convert existing facility into Canada’s first large-scale commercial EV plant

Autonomous shuttle market forecast to be worth $18 billion

by Leave a Comment

The autonomous shuttle market is forecast to be worth $18 billion by IDTechEx, which includes driverless minibuses and small, sidewalk delivery robots in the category. 

An increasing number of commercial vehicles are going battery-electric, assisted by battery life of one million miles and ranges of up to 600 miles being imminent. Shenzhen alone has 70,000 electric logistics vehicles.

Next come robot buses, robotrucks and robotaxis with driver elimination reducing cost by intensive use. IDTechEx has a report on the topic, Electric, Hybrid & Fuel Cell Light Commercial Vehicles 2021-2041. [Read more…] about Autonomous shuttle market forecast to be worth $18 billion

Bobacino launches robotic tea bar

by Leave a Comment

A startup company called Bobacino has launched its automated Boba Tea Bar, which uses a robotic arm to make beverages for customers. (See video below.)

Bobacino says it is bringing the “unique boba tea experience” to a growing audience of boba aficionados and new enthusiasts through advanced artificial intelligence, automation and robotics.

The company has launched on StartEngine, a crowdfunding platform, to target a market that it forecasts is set to hit $8.4 billion by 2024. [Read more…] about Bobacino launches robotic tea bar

Carbon fiber reinforced plastics market set to grow to $64 billion by 2030

by Leave a Comment

Carbon fiber reinforced polymers (CFRPs) are a critical class of performance materials, but disruptions from Covid-19 have made the future of the industry uncertain.

In a new report, The Future of Carbon Fiber Composites, Lux Research outlines major challenges and opportunities carbon fibers and CFRPs face and how standardization and recycling are enabling the CFRP market to grow to a $64 billion industry by 2030.

The carbon fiber industry is facing three major challenges: weakness in underlying markets, fiber standardization, and recycling. [Read more…] about Carbon fiber reinforced plastics market set to grow to $64 billion by 2030

Walmart’s doubling of online sales to boost warehouse robotics sector

by Leave a Comment

Walmart has reported that its e-commerce sales have almost doubled as a result of the coronavirus lockdown forcing everyone to lock themselves up at home as often as possible and shopping online.

The company reported a staggering 97 percent increase in online sales for its second quarter, total revenue of almost $138 billion, which is an increase of $7.4 billion overall across internet and in-store sales.

Additionally, Walmart’s marketplace has also seen a doubling in the number of sellers included, to more than 50,000. [Read more…] about Walmart’s doubling of online sales to boost warehouse robotics sector

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close