Robotics & Automation News

Market trends and business perspectives

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Exoskeleton market projected to grow to $6 billion

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The current robotics limelight tends to focus on the ability of new innovations to automate tasks, but a less publicized development is taking place whereby passive exoskeletons have been slowly deployed and adopted to help augment the capability of human workers.

Exoskeleton popularization through passive suits will provide a base for increased resources for powered suits, which will eventually provide significant augmentative capability to the industrial workforce.

By 2028, global Exoskeleton revenues will reach $5 billion with hundreds of thousands of active exoskeletons being deployed, according to ABI Research. The research consultancy’s findings are on its report, Exoskeletons for Industrial Use Cases.

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GM’s autonomous driving business Cruise raises another $1.15 billion

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The autonomous driving business which General Motors acquired three years ago, Cruise, has raised more than $1 billion in its latest funding round, bringing total capital raised to approximately $7 billion.

Cruise says the equity investment of $1.15 billion is from a group comprising institutional investors, including funds and accounts advised by T. Rowe Price Associates, and existing partners GM, SoftBank Vision Fund and Honda.

Dan Ammann, Cruise CEO, says: “Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation.

[Read more…] about GM’s autonomous driving business Cruise raises another $1.15 billion

Trump to raise tariffs on China goods to 25 percent

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US President Donald Trump is preparing to raise tariffs on Chinese imports to 25 percent from the current 15 percent.

The levies will affect approximately $350 billion worth of Chinese exports to America.

Trump made the announcement through Twitter. He tweeted: “For 10 months, China has been paying tariffs to the USA of 25 percent on $50 billion dollars of high-tech, and 10 percent on $200 billion of other goods.

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Foxconn boss reiterates commitment to build factory in Wisconsin

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Foxconn boss Terry Gou has reiterated his commitment to building a multi-million-dollar factory in Mount Pleasant, in the US state of Wisconsin.

The chairman of Foxconn, which is better known as Hon Hai Precision in its native Taiwan, met with US President Donald Trump at the White House earlier this week.

After the meeting, media reports suggested that Foxconn will make additional investments in the Wisconsin facility.

Read moreCNBC

Samsung moves into the vertical farming market

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Agricultural innovations are essential for feeding our ever-growing global population.

Especially these days, as industrialisation and global warming continue to negatively affect soil fertility and reduce the amount of arable land.

According to the United Nations, the world’s population is set to reach 9.8 billion by 2050.

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Samsung Electronics to invest $115 billion in logic chip businesses by 2030

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Samsung Electronics, a world leader in advanced semiconductor technology, will invest KRW 133 trillion (US$115 billion) by 2030 to strengthen its competitiveness in System LSI and Foundry businesses.

The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030.

The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess.

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ADAS: Top 40 advanced driver assistance systems companies

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The term “advanced driver assistance systems”, or ADAS, refers to a collection of automotive electronics technologies which are designed to enable vehicles to operate autonomously in certain situations.

The market for ADAS is forecast to be worth around $70 billion by 2025, according to Grand View Research. And although it’s already a huge market, a lot of the activity now is with the future in mind, a future in which many believe autonomous and electric cars will dominate.

A longer list of ADAS functions can be found elsewhere on this website, but examples include cruise control, lane-keeping, self-parking, and collision avoidance.

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$700 billion spent on mergers and acquisitions in industrial sector

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Almost $700 billion was spent on mergers and acquisitions in industrial sector last year, according to a study.

Research from global management consultancy A.T. Kearney has found that the total value of deals in the industrials market has risen to $680 billion in 2018, an increase from $662 billion the year before.

A.T. Kearney’s Industrials M&A Report 2019 analysed over 76,000 global transactions between 2009 and 2018 and found that the trend towards so-called ‘megadeals’ is set to continue.

2018 alone saw more than 100 individual deals worth over $1 billion, and seven of those transactions topping the $10 billion mark – including significant deals such as United Technologies’ $30+ billion takeover of avionics supplier Rockwell Collins and the intra-UK $12.1bn deal between Melrose Industries and GKN. [Read more…] about $700 billion spent on mergers and acquisitions in industrial sector

Denso to Invest $1.6 bn in automotive electrification

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Denso is to invest approximately 180 billion yen (US$1.6 billion) over three years – from FY2018 to late FY2020 – to support development and production of electrified automotive products, systems and technologies.

To accelerate business execution around electrification, Denso is establishing the Electrification Innovation Center at its plant in Anjo, Aichi, Japan, in May 2020.

The centre will conduct advanced R&D, develop and test prototypes, and launch mass produce newly developed automotive electrification products, systems and technologies.

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Foxconn boss Terry Gou considers automating the entire population of Taiwan

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Foxconn boss Terry Gou has confirmed that he is considering running for president in Taiwan’s general election next year, according to the South China Morning Post.

“I will decide in the next two days whether to run for president,” Gou told reporters at a seminar in Taipei earlier today. “I hardly slept last night thinking of the future of Taiwan and its security issues.”

He added that the 2020 presidential election will be “extremely critical in determining Taiwan’s future in the next 20 years in the political, defense and economic sectors”.  [Read more…] about Foxconn boss Terry Gou considers automating the entire population of Taiwan