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Semiconductor fabricators expected to spend record $68 billion in 2021

June 10, 2020 by Sam Francis Leave a Comment

Semiconductor fabrication companies are expected to log record spending of nearly $68 billion in 2021 after the 2020 lull caused by the coronavirus pandemic, according to industry association SEMI.

“2021 is poised to mark a banner year for global fab equipment spending with 24 percent growth to a record $67.7 billion, 10 percent higher than the previously forecast US$65.7 billion,” says SEMI in a statement.

The organisation adds that all product segments look like they will provide “solid growth rates”. [Read more…] about Semiconductor fabricators expected to spend record $68 billion in 2021

LG partners with Woowa Brothers to develop food delivery robots

May 29, 2020 by Mai Tao Leave a Comment

Electronics and household appliances giant LG is partnering with unicorn startup Woowa Brothers to develop food delivery robots.

The partnership will aim to produce mobile robots that can deliver food to people’s homes as well to the tables of customers at restaurants.

While LG is well known around the world, Woowa Brothers is a startup which achieved unicorn status – became worth more than $1 billion – when German company Delivery Hero acquired it for around $4 billion in January this year. [Read more…] about LG partners with Woowa Brothers to develop food delivery robots

Robotics industry raised $46 billion funding last year

May 7, 2020 by David Edwards Leave a Comment

The robotics industry received record investment in 2019, totaling $46 billion.

According to recent figures published by global tech advisory firm ABI Research, a total of $17.8 billion went to acquisitions and a further $29 billion went into investments.

Most of the funding was focused on autonomous passenger vehicles, surgical robotics, and warehouse automation, with significant growth for field robotics and drone services. [Read more…] about Robotics industry raised $46 billion funding last year

Automotive robotics market forecast to reach $6 billion by 2024

April 20, 2020 by Sam Francis Leave a Comment

The automotive robotics market is set to grow from its current market value of more than $4 billion to over $5.96 billion by 2024, according to the latest study by Global Market Insights.

Growing utilization of automated machines for production and assembly of automotive parts is estimated to drive global automotive robotics market.

The automotive robotics industry is growing steadily on the back of expanding automotive industry. [Read more…] about Automotive robotics market forecast to reach $6 billion by 2024

Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

March 13, 2020 by David Edwards Leave a Comment

Robotic last-mile deliveries are forecast to generate almost $50 billion in revenue by 2030, according to a new report by Lux Research.

Automated parcel delivery technologies, such as small mobile delivery robots, are growing due to the rise in consumer demand for faster deliveries.

The rise in e-commerce is fueling rapid growth in parcel delivery volumes, a market expected to grow to $665 billion by 2030. Consumers are increasingly expecting parcels to be delivered quickly. [Read more…] about Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

Global robotics market predicted to triple to $275 billion by 2025

February 16, 2020 by Sam Francis Leave a Comment

The global robotics market is predicted to triple to $275 billion by 2025, according to analysis of International Federation of Robotics data by DC Advisory.

The investment bank calculates that the market was worth approximately $98 billion in 2018.

DC Advisory says changing consumer market has driven manufacturers and logistics companies to adopt new methods of production and distribution – chiefly the new generations of robotics and automation technology. [Read more…] about Global robotics market predicted to triple to $275 billion by 2025

Teradyne to build ‘world’s largest’ collaborative robotics hub at a cost of $36 million

February 4, 2020 by Sam Francis Leave a Comment

Teradyne has embarked on a project to build what it says will be “the world’s largest collaborative robotics hub” when it is finished.

The facility (main illustration) is located in Denmark and its eventual cost is estimated at approximately $36 million.

Denmark’s minister of industry, business and financial affairs, Simon Kollerup, unveiled what will become the new home of Teradyne’s robotics business units, Mobile Industrial Robots and Universal Robots, both of which it acquired in the past year or so. [Read more…] about Teradyne to build ‘world’s largest’ collaborative robotics hub at a cost of $36 million

General Motors to invest $2.2 billion in Detroit-Hamtramck plant to make it ‘100 percent devoted to electric vehicles’

January 30, 2020 by David Edwards Leave a Comment

General Motors is making a $2.2 billion investment into its Detroit-Hamtramck assembly plant to produce a variety of all-electric trucks and SUVs.

The company says the plant will be “100 percent devoted to electric vehicles”.

GM’s first all-electric truck will be a pickup with production scheduled to begin in late 2021. This will be followed soon after by the Cruise Origin, a shared, electric, self-driving vehicle unveiled by Cruise in San Francisco last week. [Read more…] about General Motors to invest $2.2 billion in Detroit-Hamtramck plant to make it ‘100 percent devoted to electric vehicles’

Smart factory market to grow to $155 billion by 2025

January 28, 2020 by David Edwards Leave a Comment

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