Robotics & Automation News

Market trends and business perspectives

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

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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

Smart factory market to grow to $155 billion by 2025

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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

Exploring the Present and Future Impact of Robotics and Machine Learning on the Healthcare Industry

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Robotics has already revolutionized the manufacturing industry, but it has begun to impact the healthcare industry as well. AI is already showing that it can do a lot of what humans can, only faster and cheaper.

The potential benefits of machine learning and artificial intelligence are only starting to be seen, though we can make an educated guess regarding the benefit it can have.

Let’s look at the current and future impact robotics and machine learning is making on the healthcare industry. [Read more…] about Exploring the Present and Future Impact of Robotics and Machine Learning on the Healthcare Industry

Visteon opens new technical center in Mexico

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Visteon, a supplier of digital automotive dashboard electronics, has opened a newly constructed engineering center in Querétaro, Mexico.

Visteon says its Querétaro Technical Center (VTCQ) is home to highly skilled software, hardware and mechanical engineers responsible for developing advanced cockpit electronics products for North America-based vehicle manufacturers.

These products include digital instrument clusters, infotainment and information displays – and new technologies for connected and autonomous driving. [Read more…] about Visteon opens new technical center in Mexico

Universal Robots ‘future-proofs’ production processes at Vietnamese manufacturer with collaborative robots

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Universal Robots has helped Vietnam-based Vinacomin Motor Industry Joint Stock Company “future-proof” its production processes with collaborative robots.

VMIC is a subsidiary of the Vinacomin Group, a state-owned coal and mining giant.

VMIC, one of the first state-owned manufacturers to deploy cobots, has seen productivity increase two to three times, with improved product quality, leading to a 50 to 60 percent rise in orders. [Read more…] about Universal Robots ‘future-proofs’ production processes at Vietnamese manufacturer with collaborative robots

Magna signs first complete vehicle manufacturing joint venture in China

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Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing their electric vehicle manufacturing joint venture in Zhenjiang, China, which marks another milestone of their continued cooperation.

The transaction, which is pending regulatory approval and other closing conditions, is expected to close in the fourth quarter of 2019.

The joint venture, which is to be controlled by an affiliate of the BAIC Group, is Magna’s first investment in a complete vehicle manufacturing facility outside Europe.

[Read more…] about Magna signs first complete vehicle manufacturing joint venture in China

Raytheon and United Technologies aerospace businesses to merge

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Raytheon Company and United Technologies have entered into an agreement to combine in an all-stock merger of equals.

The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defence.

The merger of Raytheon, a leading defence company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defence technologies.

[Read more…] about Raytheon and United Technologies aerospace businesses to merge

HPE to acquire supercomputer manufacturer Cray for $1.3 billion

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Hewlett Packard Enterprise has reached an agreement to acquire Cray, the manufacturer of supercomputing systems.

HPE says the acquisition will cost $35 per share, in a transaction valued at approximately $1.3 billion, net of cash.

Antonio Neri, president and CEO, HPE, says: “Answers to some of society’s most pressing challenges are buried in massive amounts of data. [Read more…] about HPE to acquire supercomputer manufacturer Cray for $1.3 billion

RIA publishes new technical report on collaborative robots

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The RIA R15.06 Standards Committee has finalized Technical Report R15.806-2018 to address the test methods and metrics for measuring pressure and force associated with quasi-static and transient contact events of collaborative applications.

A collaborative robot, or cobot, is a type of robot intended to physically interact with humans in a shared workspace. Collaborative robots are experiencing rapid market growth.

According to Markets and Markets research, the collaborative robots market is expected to reach a value of $4.28 billion by 2023, growing at an astounding 56.94 percent compound annual growth rate.

[Read more…] about RIA publishes new technical report on collaborative robots

Mitsubishi Electric takes a stake in Realtime Robotics

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Mitsubishi Electric Corporation has taken an equity stake in Realtime Robotics, Inc. a U.S. technology startup that develops and commercialises motion-planning technologies.

Motion planning is the process of calculating and determining the optimised path that a robot should take to reach a goal without colliding with any obstacle. Realtime Robotics’ motion path planning solution performs the necessary calculations in real time.

Funding by Mitsubishi Electric is expected to accelerate the development of industrial robot systems offering enhanced safety and performance.

[Read more…] about Mitsubishi Electric takes a stake in Realtime Robotics

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