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Growing factory automation driving servo motors and drives sales

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The global servo motors and drives market was valued at approximately $9 billion in 2014, and is expected to surpass $12 billion by the end of 2019.

The servo motors and drives market is expected to grow at a annual growth of approximately 8 percent between 2019 and 2029, and is estimated to reach a global value of approximately $28 billion by the end of 2029.

A new global market study on the servo motors and drives market, which includes the industry analysis for 2014-2018 and forecast 2019-2029. [Read more…] about Growing factory automation driving servo motors and drives sales

Ericsson automated smart factory now operational in China

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Swedish telecommunications equipment maker Ericsson says September 2019 marks “a major milestone in smart manufacturing capabilities”.

The reason for this is that the $50 million transformation of the company’s existing factory in Nanjing, China, has now reached its conclusion.

The resulting automated factory stands “among the most advanced manufacturing facilities in the industry”, claims Ericsson. [Read more…] about Ericsson automated smart factory now operational in China

Septentrio and Artisense to demonstrate advanced localization technology for autonomous vehicles at Auto AI Show

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Septentrio, a manufacturer of GPS / GNSS technology for demanding applications, is providing positioning technology to Artisense, supplier of innovative computer vision solutions for automated vehicles.

Artisense incorporates Septentrio GPS / GNSS in their latest Visual Inertial Navigation System (VINS), which will be demonstrated live at Auto AI Show in Berlin, Germany on September 25-27, 2019.

VINS combines computer vision, inertial sensors and GNSS (Global Navigation Satellite System) measurements to deliver highly accurate global 3D positioning and orientation information in any environment, even indoors. [Read more…] about Septentrio and Artisense to demonstrate advanced localization technology for autonomous vehicles at Auto AI Show

CMR Surgical raises $240 million in Series C financing

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CMR Surgical, the maker of the “Versius” robotic surgery system, has raised $240 million in its latest funding round.

The company says the new money will enable it to fully fund the global commercialisation of the business.

Since the last funding round in May 2018, CMR Surgical has further accelerated its growth in order to achieve its mission of bringing minimal access surgery to patients around the world. [Read more…] about CMR Surgical raises $240 million in Series C financing

Dow showcasing new materials aimed at automotive sector at Battery Show

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Dow Performance Silicones is showcasing new materials aimed at the automotive sector at the ongoing Battery Show North America.

The silicon-based technology and innovations include new materials and capabilities for electric vehicle and battery packs.

The company says the technologies are intended to help designers and engineers to manage thermal, adhesion, sealing and throughput challenges. [Read more…] about Dow showcasing new materials aimed at automotive sector at Battery Show

Global wearable robotic exoskeleton market forecast to grow to $4 billion

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The global wearable robotic exoskeleton market is forecast to grow to more than $4 billion by the end of 2026 and record annual growth of 43.1 per cent during the forecast period of 2019-2026.

At present advancement in Artificial Intelligence and robotics is enabling wearable robotic exoskeleton development primarily for logistics, medical and engineering commitments due to limited battery support capabilities.

However wearable robotic exoskeleton can be applied in a wide range of industries capable of augmenting the growth of the global wearable robotic exoskeleton market. [Read more…] about Global wearable robotic exoskeleton market forecast to grow to $4 billion

Demand for robots to surge in electronics industry, says report

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The demand for articulated robots is forecast to surge in line with increasing applications in the electronics industry, according to a report by FMI.

The research company forecasts the global industrial robotics market to see substantial growth over the forecast period due to multiple driving factors such as the adoption of internet of things in industries and growing digitalization of manufacturing industry across geographies.

The global industrial robotics market was valued at approximately $17 billion in 2018 and is estimated to increase at annual growth of approximately 18 per cent between the forecast periods of 2019 and 2029. [Read more…] about Demand for robots to surge in electronics industry, says report

Yamaha taps into its $100 million fund to invest in Advanced Farm Technologies

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Yamaha is using part of its $100 million investment fund to buy a stake in Advanced Farm Technologies.

Yamaha Motor Ventures & Laboratory Silicon Valley led the Series A funding round for the startup.

Yamaha says this latest investment reflects the company’s “core interest in businesses driving innovation in the agricultural sector. [Read more…] about Yamaha taps into its $100 million fund to invest in Advanced Farm Technologies

ABB names Björn Rosengren as CEO

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ABB has appointed Björn Rosengren as chief executive officer. He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter Voser will revert to his position at ABB solely as chairman.

Rosengren, a Swedish citizen, is a highly experienced, international executive and leader of industrial businesses, says ABB.

He has been the CEO of Sandvik, a high-tech global engineering group, since 2015. [Read more…] about ABB names Björn Rosengren as CEO

Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

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Switzerland-based Teralytics has raised $17.5 million for what is described as “the world’s first intelligent mobility operating system”.

innogy Ventures, the venture capital investment arm of innogy Innovation Hub, has invested in Teralytics as part of a $17.5 million funding round. innogy Ventures and innogy Innovation Hub are backed by innogy SE, a leading German energy company.

The round was led by Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group. Other participants included Deutsche Bahn Digital Ventures, LBBW Venture Capital and Liil Ventures, as well as existing investors Atomico and Lakestar. [Read more…] about Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’