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Universal Robots partners with DLL to launch financial services leasing program

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Universal Robots, the largest collaborative robot manufacturer in the world, has launched a new cobot leasing program in partnership with DLL, a global vendor finance company.

The new agreement enables all manufacturers, regardless of size or capital equipment budgets, to reap the benefits of automation without worrying about cash flow and seasonal fluctuations.

Klaus Vestergaard, CFO at Universal Robots, says: “We’re leveling the playing field by enabling all manufacturers to immediately put cobots to work without an upfront capital investment. [Read more…] about Universal Robots partners with DLL to launch financial services leasing program

Piab Group claims to be ‘global leader in ergonomic handling solutions’ after TAWI acquisition

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Piab Group now claims to be the “global leader in ergonomic handling solutions” after its acquisition of the TAWI Group.

Piab Group entered into the agreement to acquire TAWI Group recently. TAWI is a manufacturer of smart lifting solutions with global reach.

Total 2019 sales for TAWI is expected to reach 340 million Swedish krona, which is about $36 million. [Read more…] about Piab Group claims to be ‘global leader in ergonomic handling solutions’ after TAWI acquisition

Industry 4.0 to ‘revolutionize’ use of safety sensors and switches, says report

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The so-called “Industry 4.0” trend – an umbrella term for a range of connectivity and automation technologies – will “revolutionize” the use of safety sensors and switches, according to a new report.

The Global Market Study on Safety Sensors and Switches, by Persistent Market Research, says the global market is projected to expand at “a meteoric rate” to register annual growth of 10.7 per cent throughout the period of assessment, 2017-2025.

In 2017, the global market for safety sensors and switches was valued at around $13.8 billion and is estimated to touch a valuation higher than $30 billion by the end of the period of forecast. [Read more…] about Industry 4.0 to ‘revolutionize’ use of safety sensors and switches, says report

Market for transportation and warehousing sensors forecast to grow to $16 billion

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The global market for sensors for the transportation and warehousing industries are set to grow by 30 per cent, according to a report by Persistence Market Research.

Surpassing the market value of $16 billion in 2018, the global sales of internet of things sensors is poised for a whopping 24 per cent annual growth during the course of next decade.

Industry’s shift from legacy systems to advanced IoT enabled systems for utmost reliability and accuracy of data is creating potential growth opportunities for the IoT sensors market. [Read more…] about Market for transportation and warehousing sensors forecast to grow to $16 billion

Elisa Smart Factory and TCS partner to develop advanced analytics solutions to manufacturing sector

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Elisa Smart Factory, an industrial internet of things and data analytics provider, has agreed a partnership with Tata Consultancy Services, an IT services, consulting and business solutions organization.

Under this collaboration, Elisa Smart Factory and TCS will jointly undertake efforts to market and deploy Elisa Smart Factory IIoT and advanced analytics solutions to a broad spectrum of industry manufacturers.

Kari Terho, general manager, Elisa Smart Factory, says: “Elisa Smart Factory solutions represent a tremendous opportunity for industry manufacturers, especially for companies in the process and discrete manufacturing. [Read more…] about Elisa Smart Factory and TCS partner to develop advanced analytics solutions to manufacturing sector

Growth of industrial robot market ‘slowed in 2019 but long-term forecast is positive’

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The growth of industrial robot revenues slowed in 2019 but is forecast to pick up again towards late 2020 and accelerate in 2021, according to new market research from Interact Analysis.

The market intelligence firm released a new market report focusing on the industrial robot market which outlines reasons to be positive in the sector, despite an immediate, short term decline in revenues. [Read more…] about Growth of industrial robot market ‘slowed in 2019 but long-term forecast is positive’

Teradyne completes acquisition of AutoGuide Mobile Robots

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Teradyne has completed the acquisition of AutoGuide Mobile Robots, a leading supplier of high payload autonomous mobile robots (AMRs).

AutoGuide’s advanced products deliver easy deployment, improved safety, reduced costs and increased efficiency of industrial and warehouse material-handling operations.

Mark Jagiela, president and CEO of Teradyne, says: “AutoGuide’s safe, high-payload AMRs for the global forklift market provide a powerful, additional growth engine to Teradyne’s Industrial Automation group. [Read more…] about Teradyne completes acquisition of AutoGuide Mobile Robots

Worldwide semiconductor manufacturing equipment sales jump 12 percent

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Worldwide semiconductor equipment manufacturers posted third-quarter 2019 billings of $14.9 billion, a quarter-over-quarter increase of 12 percent but down 6 percent from the third quarter of 2018.

This is according to data collated by SEMI, the global industry association representing the electronics manufacturing and design supply chain, reported today.

The data are gathered jointly with the Semiconductor Equipment Association of Japan from more than 80 global equipment companies that provide data on a monthly basis. [Read more…] about Worldwide semiconductor manufacturing equipment sales jump 12 percent

ISO unveils ‘world’s first’ drone safety standards

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The International Organisation for Standardisation has launched what are described as the “world’s first” drone standards.

The regulations are the result of a 12-month period of consultation with drone professionals, academics, businesses and the general public.

The final publication of these new international safety and quality Standards for Unmanned Aircraft Systems is set to have a massive impact on the future growth of the drone industry throughout the world, and, are the product of several years of cooperation and rigorous interrogation from all sectors of society. [Read more…] about ISO unveils ‘world’s first’ drone safety standards

Manufacturing industry turning to robotics and AI in challenging economic landscape, says Deloitte

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The manufacturing industry is turning to robotics and artificial intelligence as well as a range of other strategies to navigate an increasingly challenging economic landscape, according to a report by Deloitte.

The management consultancy says that, as the risk of a global economic downturn grows, the industrial manufacturing industry faces a challenging landscape in 2020 replete with trade tensions, muted job growth, supply chain volatility and an ongoing skilled talent shortage.

Yet, despite these headwinds, industry leaders are rapidly developing coping strategies – not only to weather the brewing storm, but to thrive in spite of it. [Read more…] about Manufacturing industry turning to robotics and AI in challenging economic landscape, says Deloitte