Robotics & Automation News

Market trends and business perspectives

expected

Microsurgery robot market set to reach $2 billion by 2026

by Leave a Comment

The microsurgery robot market is projected to attain “remarkable revenue growth” in view of rapid technological advancements in the field of medical science, according to a recent study by market research firm Global Market Insights.

The analyst forecasts that the microsurgery robot market will reach $2 billion by 2026.

Growing inclination towards creating innovative microsurgery devices that are capable of undertaking complex surgeries could massively enhance the product demand in the future. [Read more…] about Microsurgery robot market set to reach $2 billion by 2026

PTC to acquire product lifecycle management provider Arena Solutions

by Leave a Comment

Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions

CFD Trading Market Prognosis For 2021

by Leave a Comment

Regardless of whether you are starting your way in trading CFDs or you are already experienced in online CFDs trading, you have to figure out where the market goes in the coming year and beyond.

CFDs have grown a lot over the last decade and gained popularity amongst many investors as a way to deal with the volatility and make short-term investments with a relatively low initial capital.

Our partners from the Invesous.com platform prepared a detailed analysis of the market for 2021 so that you can get ready and get the most of your investments. [Read more…] about CFD Trading Market Prognosis For 2021

Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

by Leave a Comment

Volvo Group and Daimler Trucks have entered into a joint venture to develop, produce and commercialize hydrogen fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications.

The ambition of both partners is to make the new company a leading global manufacturer of fuel cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.

Volvo will acquire 50 percent of the partnership interests in Daimler Truck Fuel Cell for approximately €600 million on a cash and debt-free basis. Closing of the transaction is expected during the first half of 2021. [Read more…] about Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

Service robotics market grows by 33 percent in China

by Leave a Comment

China’s robotics industry outlook remains positive post-Covid-19 outbreak, especially across manufacturing, hospitality, and healthcare sectors.

This is according to a new report, How is Covid-19 Shaping China’s Robotics Industry?, by YCP Solidiance, which highlights that the $8 billion robotics industry projects a positive long-term growth forecast highlighting robotic automation and its useful applications across different industries.

Investment Contraction in China Following Covid-19: The Covid-19 outbreak has caused investment contraction in Q1 2020 – between 50 percent to 57 percent year-on-year, setting off a difficult funding situation across China and globally. [Read more…] about Service robotics market grows by 33 percent in China

China’s biggest chipmaker to double investment in capital goods to $7 billion

by Leave a Comment

China’s largest chipmaker Semiconductor Manufacturing International is to double its investment in capital goods to $6.7 billion, according to a report on the Nikkei Asian Review website. 

The company is somewhat flush with cash as a result of net profit skyrocketing by 644 percent in the second quarter. Part of the increase is due to Chinese telecommunications giant Huawei stockpiling chips.

Huawei is trying to prepare for any potential shortage in its supply chain caused by the ban imposed on its activities in the US and Europe. [Read more…] about China’s biggest chipmaker to double investment in capital goods to $7 billion

Oil-producing nations struggling with economic woes as society shifts towards electric movement

by Leave a Comment

Oil-producing nations located in the Middle East and North Africa are struggling with their economies, most of which are not diversified enough to offset the losses caused by falls in the price of crude.

A quick check shows that the current price of a barrel of crude oil – which is about 160 litres – is just above $40, which is significantly lower than certainly Arab countries need it to be.

According to the Economist, Algeria needs the price to be about $157 a barrel, while Oman wants to get to at least $87. [Read more…] about Oil-producing nations struggling with economic woes as society shifts towards electric movement

Spending on chip manufacturing equipment to reach record high of $70 billion in 2021

by Leave a Comment

Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to increase six percent to $63.2 billion in 2020, compared to $59.6 billion in 2019, before logging record high revenue of $70 billion in 2021 on the strength of double-digit growth, according to industry association SEMI.

The group revealed the figures is its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective at the annual SEMICON West exposition.

Growth across a number of semiconductor segments is expected to power the expansion. The wafer fab equipment segment – which includes wafer processing, fab facilities, and mask/reticle equipment – is expected to rise five percent in 2020 followed by 13 percent growth in 2021 driven by a memory spending recovery and investments in leading-edge and China. [Read more…] about Spending on chip manufacturing equipment to reach record high of $70 billion in 2021

Robotic lawn mowers market to grow to $1.3 billion this year

by Leave a Comment

The global market for robotic lawn mowers is expected to reach $1.3 billion in 2020, growing at an annual rate of more than 12 percent during the period 2019-2025.

The is according to a study by Research and Markets called Insights on the Robotic Lawn Mowers Global Market to 2025.

The year-on-year growth of robotic lawnmowers will be in the double-digit due to the high demand from Europe, North America, and APAC, coupled with the rise in awareness of these devices in developing countries. [Read more…] about Robotic lawn mowers market to grow to $1.3 billion this year

How Smartphones Can Impact Autonomous Vehicles

by Leave a Comment

With the recent advancements in technology, the world is expecting more impressive breakthroughs in the future.

Even though some of the major tech companies around the world have been experimenting with driverless technology, and a couple have also released vehicles that offer users the feature, it still needs more improvements.

The changes in traffic can lead to much safer and more organized roads, as the steering wheels will be replaced with technology. [Read more…] about How Smartphones Can Impact Autonomous Vehicles

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