Robotics & Automation News

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Danfoss and RISE Robotics collaborate on new innovation to ‘accelerate electrification of heavy machinery’

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Danfoss Power Solutions and RISE Robotics have signed a collaboration agreement to jointly validate and test a key innovation that has the potential to transform the heavy machinery market through electrification.

Danfoss Power Solutions, a global supplier of mobile and industrial hydraulics as well as electric powertrain systems, and RISE Robotics, a leading zero-emission heavy machinery company, have formalized their collaborative relationship.

The two businesses have signed an agreement to work together to validate the latest electromechanical actuator technology from RISE. [Read more…] about Danfoss and RISE Robotics collaborate on new innovation to ‘accelerate electrification of heavy machinery’

Industrial robot costs to drop by half in the next three years

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Karthee Madasamy, founder and managing partner at MFV Partners

According to ARK Invest research, industrial robot costs will drop by 50-60 percent by 2025. This dramatic drop in costs, combined with other factors such as the global pandemic’s acceleration of industries embracing automation, has resulted in a situation where interest in robotics has reached a fever pitch.

In fact, in the first year of the pandemic venture firms poured $6.3 billion into robotics companies, up nearly 50 percent from the $4.3 billion they invested over the same period a year earlier.

Further, in North America, industrial robot sales had their strongest year ever in 2021. With this activity it’s not surprising that the global market is forecasted to reach $31 billion by 2028. [Read more…] about Industrial robot costs to drop by half in the next three years

Faccin Group opens new USA headquarters in Texas

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Faccin USA, a Faccin Group company, a global manufacturer of metal bending machines, is expanding its footprint within the US market with the opening of its new headquarters in Addison, Texas.

The expansion is focused on increasing and facilitating customer service and spare parts delivery.

The new facilities, located at 4270 Kellway Circle in Addison, Texas, mark the group’s continued global growth and development. [Read more…] about Faccin Group opens new USA headquarters in Texas

Pitney Bowes and Ambi Robotics sign $23 million deal to optimize last-mile sorting across US hubs

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Pitney Bowes, a global logistics company, and Ambi Robotics, a developer of robotic sorting systems for supply chain operations, have agreed a $23 million implementation expansion of AmbiSort systems in Pitney Bowes’ e-commerce hubs across the US.

The AI-powered robotics will help Pitney Bowes speed parcel sortation to last-mile delivery providers, while improving productivity, accuracy and worker safety as the company’s shipping and e-commerce businesses surpass 50 percent of total revenue.

Pitney Bowes will make the investment in Robot as a Service (RaaS) fees over the next four years. [Read more…] about Pitney Bowes and Ambi Robotics sign $23 million deal to optimize last-mile sorting across US hubs

Global semiconductor manufacturing equipment sales surge 44 percent to record $103 billion

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Worldwide sales of semiconductor manufacturing equipment in 2021 surged 44 percent to an all-time record of $102.6 billion from $71.2 billion in 2020, SEMI, the industry association representing the global electronics product design and manufacturing supply chain, reported.

The data is now available in SEMI’s Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.

China claimed the largest market for semiconductor equipment for the second time with sales expanding 58 percent to $29.6 billion to mark the fourth consecutive year of growth. [Read more…] about Global semiconductor manufacturing equipment sales surge 44 percent to record $103 billion

Car Exports 101

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The automotive industry is a vital part of the global economy, and the export of cars is a significant contributor to this.

There are several reasons countries export cars. For example, a country may have a surplus of cars that it cannot sell domestically, or it may seek to take advantage of attractive foreign markets.

Whatever the reason, exporting cars can be a complex process, and there are a number of things that need to be taken into consideration. [Read more…] about Car Exports 101

Spending on semiconductor fabrication equipment expected to reach record $107 billion in 2022

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Global fab equipment spending for front-end facilities is expected to jump 18 percent year-over-year to an all-time high of $107 billion in 2022, marking a third consecutive year of growth following a 42 percent surge in 2021, according to a report by industry association SEMI.

Ajit Manocha, president and CEO of SEMI, says: “Crossing the $100 billion mark in spending on global fab equipment for the first time is a historic ​milestone for the semiconductor industry.

“This ​significant achievement is a tribute to the relentless drive to add and upgrade capacity to address a diverse range of markets and emerging applications, solidifying expectations for long-term industry growth to enable electronics for the digital world.” [Read more…] about Spending on semiconductor fabrication equipment expected to reach record $107 billion in 2022

Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

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Pony.ai, a developer of autonomous driving technology, has completed its first close of its Series D financing.

The Series D round, which has a significant valuation uplift from the 2020 C and C+ rounds, is a recognition by investors of Pony.ai’s achieved technical milestones and significant progress toward a commercialized robotaxi and robotruck product.

The proceeds from the funding will be used to further augment Pony.ai’s hiring, investment in research and development, global testing of robotaxi and robotrucking on an ever-growing fleet, enter into important strategic partnerships, and accelerate our development toward mass production and mass commercial deployment. [Read more…] about Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

John Deere opens new ‘automation and autonomy’ innovation hub in Austin, Texas

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Deere & Company, the world’s largest manufacturer of agricultural and forestry vehicles, is expanding its US footprint and technology operations with a new office in Austin, Texas.

Deere says the new location enables it to further strengthen its technology capabilities and attract talent interested in solving some of the world’s most pressing challenges – including feeding a growing population.

Jahmy Hindman, Chief Technology Officer at John Deere, says: “Austin is a growing destination for some of the brightest minds in technology. Opening this office was a strategic decision from both a talent and collaboration perspective, particularly in software and data analytics. [Read more…] about John Deere opens new ‘automation and autonomy’ innovation hub in Austin, Texas

China aims for global leadership in robotics with new five-year plan

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The new five-year plan for the robotics industry in China, released by the Ministry of Industry and Information Technology in Beijing, focuses on promoting innovation.

The government wants to make China a global leader for robot technology and industrial advancement.

The statistical department of the International Federation of Robotics reports about the domestic and foreign engagement on the world’s largest market.

Milton Guerry, president of the International Federation of Robotics, says: “China is by far the biggest robot market in the world regarding annual sales and the operational stock. [Read more…] about China aims for global leadership in robotics with new five-year plan