Robotics & Automation News

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Exotec seeing ‘rapid growth and strong demand’ for its warehouse robots

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Exotec, a warehouse robotics provider, says it is seeing “continued rapid growth” in North America as the company continues its global expansion, adding that the business momentum is driven by the growing demand for warehouse automation.

Romain Moulin, Exotec CEO and co-founder, says: “We continue to see a strong demand for scalable and proven warehouse robotic solutions.

“Our track record of serving the world’s largest brands positions Exotec to benefit from the explosive growth of the global warehouse robotics market, which is expected to reach $16 billion by 2031.”    [Read more…] about Exotec seeing ‘rapid growth and strong demand’ for its warehouse robots

Indian startup Unbox Robotics launches sortation robots in the US

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Unbox Robotics, an India-based robotics technology company for intralogistics, plans to expand its footprint in the international markets starting with the United States.

With proven success within the domestic 3PL industry, the company is looking to make its tech available to meet the current demand for innovative plug and play automation solutions in the US.

Unbox Robotics currently supports several leading e-commerce, retail and logistics companies across the globe to automate their fulfilment operations through its UnboxSort system. [Read more…] about Indian startup Unbox Robotics launches sortation robots in the US

AutoStore launches pay-per-pick option to meet ‘fast-growing demand’ for its fulfillment automation

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AutoStore has made its warehouse automaton system available as a pay-per-pick service. 

The company says its new offering will “enable a lower entry price point to help retailers meet the growing need for more efficient warehouse operations and faster customer delivery”.

AutoStore also signed a global distribution partnership agreement with THG Ingenuity, the direct-to-consumer digital brands group. [Read more…] about AutoStore launches pay-per-pick option to meet ‘fast-growing demand’ for its fulfillment automation

Intel to invest $20 billion in building two new chip factories in Ohio

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Intel has announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Licking County, Ohio.

The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of Intel’s IDM 2.0 strategy.

As the largest single private-sector investment in Ohio history, the initial phase of the project is expected to create 3,000 Intel jobs, 7,000 construction jobs over the course of the build, and support tens of thousands of additional local long-term jobs across a broad ecosystem of suppliers and partners. [Read more…] about Intel to invest $20 billion in building two new chip factories in Ohio

Material handling robot market predicted to grow to $13 billion by 2033

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The global market value for material handling robots will reach $5,542 million in 2023 and grow at a healthy compound annual growth rate of 8.6 percent between 2023 and 2033, according to research by Fact.MR. 

Increasing acceptance of advanced automated material handling robots, increasing need for high efficiency systems, increasing industrialization in emerging markets, constant technological advances, multiple industries such as automotive, manufacturing, e-commerce and many more.

High acceptance of US Investment in digital infrastructure and growing need to reduce labor costs are key factors behind the growth of the automated material handling robots market. [Read more…] about Material handling robot market predicted to grow to $13 billion by 2033

Industrial robot components market set for higher growth over next decade

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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

Why Artificial Intelligence is Digital Marketing’s Future

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When it comes to business, marketing is the area where many experts widely predict that enormous change will occur due to artificial intelligence.

Moreover, beyond sales, studies have found this single function where the technology is likely to have the most impact financially.

What this means is that marketers who aren’t leveraging the power of AI are likely to miss out on all of the transformative advantages it offers. For this reason, it’s considered to be digital marketing’s future. [Read more…] about Why Artificial Intelligence is Digital Marketing’s Future

Universal Robots reports record annual revenue of $326 million

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Universal Robots, the Danish collaborative robot company, has reported Q4 revenue of $85 million, bringing 2022 annual revenue to $326 million, up 5 percent on 2021.

On a constant currency basis, growth over the year was 12 percent.

Kim Andreasen, Universal Robots’ chief financial officer, says: “We are proud to have continued to grow our business despite facing a difficult macroeconomic environment in 2022. [Read more…] about Universal Robots reports record annual revenue of $326 million

SEKO Logistics partners with GreyOrange to scale up warehouse operations

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SEKO Logistics, a global logistics provider, is today announcing a strategic partnership with GreyOrange, a global leader in automated robotic fulfilment and inventory optimization software, to help scale-up its warehouse operations.

The partnership, which will involve SEKO using a fleet of GreyOrange’s Ranger Assist Bots and GreyMatter fulfilment orchestration platform, will enable the company to both increase available capacity and throughput across its warehouse while also reducing operating costs.

GreyOrange’s solution will empower SEKO to scale its warehouse operations to meet changing demand without having to source additional labour. [Read more…] about SEKO Logistics partners with GreyOrange to scale up warehouse operations

NFI places $10 million order for material handling robots from Boston Dynamics

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NFI Industries, a supply chain solutions provider, has signed a $10 million agreement to deploy Boston Dynamics’ newest robot, Stretch, across its US warehousing operations.

The mobile robot will begin unloading trucks and containers as a pilot program at NFI’s Savannah, GA facility in 2023, with plans to outfit additional warehouse locations across North America over the next few years.

Supply chain demand remains near all-time highs. To support the flow of goods and increase operational capacity, NFI continues to invest in technology that supports a people-led, technology-enabled approach. [Read more…] about NFI places $10 million order for material handling robots from Boston Dynamics