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Humanoid robotics set to ‘transform industries with human-like dexterity and intelligence’, says GlobalData

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Humanoid robotics technologies are set to transform industries by offering “advanced dexterity, precision, and human-like capabilities”, according to a new study by GlobalData.

These developments promise to automate complex tasks, address labor shortages, and enhance operational efficiency across industries such as healthcare, manufacturing, logistics, and service industries, says the data and analytics research company.

Saurabh Daga, project manager of disruptive tech at GlobalData, says: “The rapid progress in humanoid robotics signals a turning point in robotics innovation. [Read more…] about Humanoid robotics set to ‘transform industries with human-like dexterity and intelligence’, says GlobalData

Advancements in robotics continue to transform oil and gas operations, says GlobalData

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With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations.

Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a data and analytics research company.

GlobalData’s latest thematic report, Robotics in Oil and Gas, highlights the role of major oil and gas companies, such as ADNOC, BP, Eni, Equinor, ExxonMobil, Repsol, Rosneft, Shell, and TotalEnergies in the development and adoption of robotics to enhance safety and productivity on the field. [Read more…] about Advancements in robotics continue to transform oil and gas operations, says GlobalData

Robotics market will be worth $218 billion by 2030, forecasts GlobalData

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There are already well over 3 million industrial robots installed worldwide, and the pace of installation is increasing rapidly.

Use cases are proliferating from shelf stacking to cleaning to manufacturing. Robots are increasingly important as many countries struggle with labor shortages and aging populations.

Against this backdrop, the robotics market is forecast to reach $218 billion by 2030, according to GlobalData, a data and analytics company. [Read more…] about Robotics market will be worth $218 billion by 2030, forecasts GlobalData

Toyota and Daimler partner to advance autonomous truck technologies in Japan

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Following the news that Daimler Truck and Toyota have entered into a partnership to combine their truck businesses in Japan, Varshini Shetty, automotive analyst at GlobalData, offers her view.

Shetty says: “To accelerate the development and manufacture of CASE (Connected / Autonomous & Automated / Shared / Electric) technology and hydrogen vehicles, many businesses are forming alliances with other automakers, start-ups, and original equipment manufacturers (OEMs).

“Aligning with this trend is the deal between Toyota subsidiary Hino Motors Ltd. and Daimler-owned Mitsubishi Fuso Truck and Bus Corp. to combine their truck businesses in Japan. [Read more…] about Toyota and Daimler partner to advance autonomous truck technologies in Japan

Autonomous vehicle development will be stalled by technological and regulatory barriers, says report

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Autonomous vehicles are currently more hype than substance, given the significant technological, financial, and regulatory barriers to their widespread use, according to GlobalData.

In its latest report, Tech, Media, & Telecom Predictions 2022, the data and analytics company predicts that focus will shift onto “lower-level” autonomous vehicles that require greater human supervision, while mergers and acquisition activity will continue to be driven by transport technology such as robotaxis.

Amrit Dhami, thematic analyst at GlobalData, offers her view on these predictions. She says technological barriers will shift focus onto lower-level autonomous vehicles. [Read more…] about Autonomous vehicle development will be stalled by technological and regulatory barriers, says report

Autonomous vehicles ranked among top 10 innovations attracting investment

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The convergence of automotive and technology industries is accelerating the pace of innovation in the mobility and transportation sectors, leading to a surge in patent grants relevant to autonomous vehicles while also attracting venture capital investors’ interest in the area.

GlobalData, a leading data and analytics company, has ranked autonomous vehicles among the top 10 innovation-led technologies.

GlobalData’s Technology Innovation Intensity framework is a proprietary data-driven model that incorporates key innovation drivers from alternative datasets such as patents and deals to track a technology’s pace of innovation as well as its lifecycle stage. [Read more…] about Autonomous vehicles ranked among top 10 innovations attracting investment

Urban air taxi solutions will revolutionize mobility industry, says GlobalData

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The race to develop urban air mobility (UAM) solutions has gathered momentum over the past few years even though the concept has been around for decades.

UAM, in particular electric vertical take-off and landing (eVTOL), has potential benefits such as easing traffic congestion and enables efficient passenger and cargo transportation, says GlobalData, a data and analytics company.

In a global survey (over 500 respondents) conducted by GlobalData between 6 May and 10 May 2021, 35 percent of the respondents stated that they are aware of UAM/flying vehicles, and 34 percent felt that safety and reliability will be the primary drivers for using UAM solutions. [Read more…] about Urban air taxi solutions will revolutionize mobility industry, says GlobalData

Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

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Hyundai Motor Group has agreed to acquire approximately 80 percent stake in American engineering and robotics design company Boston Dynamics from SoftBank Group for $1.1bn.

The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and advanced intelligence, says data and analytics company GlobalData.

Venkata Naveen, senior disruptive tech analyst at GlobalData, says: “Hyundai’s move to acquire major stake in Boston Dynamics polarizes with many automakers competing to add their name to the me-too stack of autonomous carmakers by purchasing self-driving tech startups. [Read more…] about Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

3D printing moving into mainstream manufacturing, says GlobalData

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3D printing technology is slowly cementing its role as a key part of the manufacturing mix, continuing its journey towards industry 4.0.

It has already lowered the barriers to entry for manufacturing, allowing enterprises across many industries to respond to customer demands while offering greater customization of products and speed to market, says GlobalData, a data analytics company.

Venkata Naveen, disruptive tech analyst at GlobalData, says: “3D printing has leaped from the proof-of-concept stage to a viable manufacturing alternative, demonstrating its potential in real-world environments, notably in industries such as aerospace and defense, construction, consumer and automotive.” [Read more…] about 3D printing moving into mainstream manufacturing, says GlobalData

Industrial automation is ‘paying the price for failing to think big and invest bigger’

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The industrial automation sector is “paying the price for failing to think big and invest bigger”, according to a report by GlobalData.

The industrial automation sector was not in a great place before Covid-19 struck, having been slowed by flat capital expenditure and declining industrial production, says GlobalData, a leading data and analytics company.

The virus has since closed factory after factory worldwide with workers sent home. The reality is that despite much hype over the years, advanced factory automation has not been substituted for human workers at scale. [Read more…] about Industrial automation is ‘paying the price for failing to think big and invest bigger’