Robotics & Automation News

Market trends and business perspectives

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Georgia Tech develops robot designed for thinning and pruning peach trees

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Peaches, not surprisingly, pack a punch for Georgia’s economy.

Over 130 million pounds of peaches are produced in Georgia per year, and the Southern staple has a total farm gate value of over $71 million, according to recent estimates.

But cultivating peaches is a complex and manually-intensive process that has put a strain on many farms stretched for time and workers. To solve this problem, the Georgia Tech Research Institute (GTRI) has developed an intelligent robot designed to handle the human-based tasks of thinning and pruning peach trees, which could result in significant cost savings for peach farms in Georgia. [Read more…] about Georgia Tech develops robot designed for thinning and pruning peach trees

SVT Robotics raises $25 million in Series A funding round led by Tiger Global

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SVT Robotics, whose software accelerates and simplifies the integration and implementation of robotics, has closed a $25 Million Series A funding round.

The investment was led by Tiger Global, with participation from Prologis Ventures.

Griffin Schroeder, partner at Tiger Global, says: “With no ‘plug-and-play’ integration solution for industrial robotics, warehouses and manufacturers have been prevented from quickly deploying the automation they need to keep pace with the dramatic shifts in labor dynamics we’ve seen over the past year. [Read more…] about SVT Robotics raises $25 million in Series A funding round led by Tiger Global

Locus Robotics opens European headquarters in Amsterdam

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Locus Robotics, a maker of autonomous mobile robots for fulfillment warehouses and distribution centers, is opening its European headquarters in Amsterdam.

The new facility will support Locus’s existing EU and UK customer base and develop new opportunities within the fast-growing European warehouse fulfillment and distribution segments.

Rick Faulk, CEO of Locus Robotics, says: “Our decision to expand our presence in the European market was a logical step in our business growth strategy.

“Choosing Amsterdam gives us a central location that is ideal for serving our customer base, as well as giving us access to a vibrant and diverse talent pool to recruit from.” [Read more…] about Locus Robotics opens European headquarters in Amsterdam

Collaborative robotics market set to grow to $8 billion by 2030

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Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability, and convenience to end-users who struggle to afford more traditional forms of automation.

According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade.

The market had a global valuation of $475 million in 2020, which will expand to $600 million in 2021 and $8 billion in 2030, with a projected annual growth of 32.5 percent. [Read more…] about Collaborative robotics market set to grow to $8 billion by 2030

Volkswagen to design its own chips for autonomous vehicles

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Automotive giant Volkswagen is planning to design its own chips for autonomous vehicles, according to a report in German newspaper, Handelsblatt.

VW’s CEO, Herbert Diess, is said to have “ordered” the company to “launch the next revolution after electromobility”, and Handelsblatt says that Diess “wants to create the fully networked and self-steering vehicle with its own processor”.

Diess told Handelsblatt: “To achieve optimal performance in light of the high demands that exist for cars, software and hardware have to come out of one hand.” [Read more…] about Volkswagen to design its own chips for autonomous vehicles

10 Ways to Make Sure Your Business is Ahead of the Curve

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When it comes to business, it’s often going to be the case that you want to be able to get ahead and find success. But how can you do that?

With so many other online businesses out there, how will you stand out?

You know that you want to get ahead of the curve and become a leader in the field – but how exactly can you do that? [Read more…] about 10 Ways to Make Sure Your Business is Ahead of the Curve

CFD Trading Market Prognosis For 2021

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Regardless of whether you are starting your way in trading CFDs or you are already experienced in online CFDs trading, you have to figure out where the market goes in the coming year and beyond.

CFDs have grown a lot over the last decade and gained popularity amongst many investors as a way to deal with the volatility and make short-term investments with a relatively low initial capital.

Our partners from the Invesous.com platform prepared a detailed analysis of the market for 2021 so that you can get ready and get the most of your investments. [Read more…] about CFD Trading Market Prognosis For 2021

12 Things You Should Know To Grow Your Digital Business

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It can take a lot of work to turn a small idea into a fully fledged business, but even then, the work isn’t over. You need to get serious about growing your business and making sure it has what it takes to last.

Below are 12 things you should know to grow your digital business. Take a look and see what you can do. [Read more…] about 12 Things You Should Know To Grow Your Digital Business

Carbon fiber reinforced plastics market set to grow to $64 billion by 2030

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Carbon fiber reinforced polymers (CFRPs) are a critical class of performance materials, but disruptions from Covid-19 have made the future of the industry uncertain.

In a new report, The Future of Carbon Fiber Composites, Lux Research outlines major challenges and opportunities carbon fibers and CFRPs face and how standardization and recycling are enabling the CFRP market to grow to a $64 billion industry by 2030.

The carbon fiber industry is facing three major challenges: weakness in underlying markets, fiber standardization, and recycling. [Read more…] about Carbon fiber reinforced plastics market set to grow to $64 billion by 2030

SICK continues to grow despite ‘challenging market’

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Sensors giant SICK says its business has continued to grow despite a “challenging market environment”.

Group sales by the sensor producer increased by 7 percent to €1,750.7 million during the 2019 fiscal year (2018: €1,636.8 million).

Growth was considerably higher than the average for the sensor industry, estimated as having shrunk by 1 percent for 2019 by the AMA Association for Sensors and Measurement. [Read more…] about SICK continues to grow despite ‘challenging market’