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Global autonomous cars market size to reach $16 billion by 2030

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The global market for autonomous cars was valued at $1.35 billion in 2021 and is projected to reach $15.55 billion by 2030, growing at a compound annual growth rate of 31.19 percent from 2023 to 2030.

The increasing demand for connected cars employing the internet of things and the growing development of smart cities in the countries is driving the Autonomous Cars Market growth.

This is according to a new report by Verified Market Research, which says the increasing demand for connected cars employing the internet of things is the key force driving the autonomous car market. [Read more…] about Global autonomous cars market size to reach $16 billion by 2030

China overtakes USA in robot density

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China’s massive investment in industrial robotics has put the country in the top ranking of robot density, surpassing the United States for the first time, according to a report by the International Federation of Robotics.

The number of operational industrial robots relative to the number of workers hit 322 units per 10,000 employees in the manufacturing industry. Today, China ranks in fifth place.

The world’s top 5 most automated countries in manufacturing 2021 are: South Korea, Singapore, Japan, Germany and China. [Read more…] about China overtakes USA in robot density

Universal Robots reports record annual revenue of $326 million

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Universal Robots, the Danish collaborative robot company, has reported Q4 revenue of $85 million, bringing 2022 annual revenue to $326 million, up 5 percent on 2021.

On a constant currency basis, growth over the year was 12 percent.

Kim Andreasen, Universal Robots’ chief financial officer, says: “We are proud to have continued to grow our business despite facing a difficult macroeconomic environment in 2022. [Read more…] about Universal Robots reports record annual revenue of $326 million

Berkshire Grey and Locus Robotics combine to offer ‘industry-first’ cross-platform robotic automation

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Berkshire Grey, a provider of robotic solutions that automate supply chain processes, and Locus Robotics, a builder of autonomous mobile robotics for logistics and distribution warehouses, have agreed a partnership with the unveiling of their combined solution that integrates the Berkshire Grey Robotic Shuttle Put Wall (BG RSPWi) with Locus Origin and Locus Vector bots.

This “innovative integrated solution” uses end-to-end robotic automation solutions for retail and e-commerce customers looking to maximize their supply chain productivity and throughput while addressing growing labor shortages.

Ongoing labor availability and inflation challenges continue to put growing pressures on supply chain and distribution frameworks. [Read more…] about Berkshire Grey and Locus Robotics combine to offer ‘industry-first’ cross-platform robotic automation

Robotics and Automation in Gardening

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Robotics and automation in gardening can be quite challenging. For example, it is possible to increase crop yields while decreasing labor costs. But this requires that robotics be built with sustainability in mind. Read this article to learn about some of the challenges robotics face in agriculture.  [Read more…] about Robotics and Automation in Gardening

3 Capabilities of an Electronic Manufacturing Services Company

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The process of manufacturing in-demand gadgets like phones and TVs follows several phases. In effect, the original equipment manufacturer (OEM) has to research and develop a design that meets current consumer needs.

Because of these current demands, most manufacturers build their products in-house or outsource related tasks. The latter has become a standard option for most OEMs as they focus on researching possible product improvements.

The subcontractors who handle these tasks do so in what’s referred to as electronic manufacturing services (EMS). Specialized engineering experts like Nortech Systems help OEMs attain their project goals.

The cost will depend on the complexity of the tasks and the current stage of product development. [Read more…] about 3 Capabilities of an Electronic Manufacturing Services Company

Fanuc plans to double Michigan campus to accommodate ‘automation demand’

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Fanuc, the world’s largest manufacturer of industrial robots, has launched a West Campus expansion that will push its operational space in Oakland County, Michigan to nearly two million square feet.

The construction will include a 655,000 square foot state-of-the-art facility to house manufacturing, engineering and R&D projects.

This investment in Michigan’s growing manufacturing area includes the purchase of 67 acres of land as well as the site of the former Thomas M. Cooley Law School Campus, which will provide future growth in the education of the next generation of robotics and automation workers. [Read more…] about Fanuc plans to double Michigan campus to accommodate ‘automation demand’

Mitsubishi Electric to build new factory in India

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Mitsubishi Electric says it will invest approximately 3.1 billion yen ($22.3 million) in its subsidiary Mitsubishi Electric India to establish a new factory in India.

Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation control system products, expanding the company’s capabilities to meet the growing demand in India.

The rapidly growing Indian market is expanding at an annual rate of about 8% mainly in industries such as automobiles, food & beverage, pharmaceuticals, data centers, and textiles, with further market expansion expected in the future. [Read more…] about Mitsubishi Electric to build new factory in India

Electronic component manufacturer Stego expands headquarters

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Stego, a manufacturer of electronic components, is expanding its capacity at the group’s headquarters in Schwäbisch Hall, in the German state of Baden-Württemberg.

A doubling of warehouse volume for production is already complete. The construction of an office block is now starting. This should be completed by the end of 2023 and provide space for over 70 employees with 1,500 square metres.

The Stego Group in Schwäbisch Hall is growing. Even during the pandemic. Almost without restraint. Rising product demand has led to a strain on material supply and logistics. [Read more…] about Electronic component manufacturer Stego expands headquarters

Universal Robots records best ever Q1 results

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Universal Robots, the Danish producer of collaborative robots, has reported record Q1 revenue of $85 million, 30 percent up on its 2021 Q1 revenue.

The company’s chief financial officer, Kim Nørgaard Andreasen said: “Reporting record Q1 revenue at a time when businesses across the world are facing disruption from the pandemic, supply chain challenges and conflict is a testament to the role collaborative automation can play in helping our customers stay competitive.

“In addition to record revenue, we have been pleased this quarter to welcome 80 new employees to our rapidly growing company.” [Read more…] about Universal Robots records best ever Q1 results