Robotics & Automation News

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Microsurgery robot market set to reach $2 billion by 2026

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The microsurgery robot market is projected to attain “remarkable revenue growth” in view of rapid technological advancements in the field of medical science, according to a recent study by market research firm Global Market Insights.

The analyst forecasts that the microsurgery robot market will reach $2 billion by 2026.

Growing inclination towards creating innovative microsurgery devices that are capable of undertaking complex surgeries could massively enhance the product demand in the future. [Read more…] about Microsurgery robot market set to reach $2 billion by 2026

Global food and beverage robotic systems integration market for pick and place application to surpass $40 million by 2025

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The global food and beverage robotic system integration market for pick and place application was estimated at $17.5 million in 2017 and is projected to reach $40.1 million by 2025, according to a new market study published by Coherent Market Insights.

The North America market is projected to reach $11.12 million by 2025 with a compound annual growth rate of 11.02 percent. Increasing demand for robotics for application in various industries has become one of the key factors for growth of this market.

According to Robotic Industries Association, in 2015, a total of 31,464 robots valued at $1.8 billion were ordered by North American companies of different industries, an increase of 14 percent in units and 11 percent in revenue over previous year. [Read more…] about Global food and beverage robotic systems integration market for pick and place application to surpass $40 million by 2025

Seegrid doubles revenues and sees ‘record adoption’ of its autonomous mobile robots

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Seegrid, a provider of autonomous mobile robots for material handling, says it doubled revenue year-over-year for the second year in a row.

Seegrid says its growth reflects increased demand from manufacturing, e-commerce, and logistics companies for automation solutions to address rising pressures on the supply chain, which were exacerbated by the Covid-19 pandemic and ever-evolving consumer demands.

Jim Rock, Seegrid’s CEO, says: “The incredible growth we recorded last year is a testament to our collective ability to adapt to changing environments – something that our customers can uniquely do when using our automation solutions. [Read more…] about Seegrid doubles revenues and sees ‘record adoption’ of its autonomous mobile robots

SEMI Technology Unites Global Summit announced

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Global industry executives from all seven SEMI regions will gather online for the inaugural SEMI Technology Unites Global Summit, February 15-19, 2021, for keynotes on the power of technology to unite the world and insights on how the microelectronics industry can shape the digital future.

The virtual event will connect industry leaders and stakeholders across the entire electronics design and manufacturing value chain for the latest developments, trends and innovations in key areas of industry growth including smart mobility, smart medtech, and MEMS and sensors. Registration is open. [Read more…] about SEMI Technology Unites Global Summit announced

RE2 Robotics achieves 50 percent hiring growth despite pandemic

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RE2 Robotics, or “Resquared Robotics”, a developer of intelligent mobile manipulation systems, announced today that the Company has already reached its 2020 hiring goal of increasing its staff by 50 percent.

In particular, 83 percent of the new hires were engineers from a variety of disciplines, including mechanical, electrical, and software engineering.

In addition, the Company has added to its operations team with the hiring of a head of talent, director of IT, and accountant, and has augmented its production team with the addition of a CNC machinist and lab assistant. [Read more…] about RE2 Robotics achieves 50 percent hiring growth despite pandemic

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

Service robotics market grows by 33 percent in China

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China’s robotics industry outlook remains positive post-Covid-19 outbreak, especially across manufacturing, hospitality, and healthcare sectors.

This is according to a new report, How is Covid-19 Shaping China’s Robotics Industry?, by YCP Solidiance, which highlights that the $8 billion robotics industry projects a positive long-term growth forecast highlighting robotic automation and its useful applications across different industries.

Investment Contraction in China Following Covid-19: The Covid-19 outbreak has caused investment contraction in Q1 2020 – between 50 percent to 57 percent year-on-year, setting off a difficult funding situation across China and globally. [Read more…] about Service robotics market grows by 33 percent in China

Tips on How to Choose Which Cryptocurrency to Trade

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The cryptocurrency market was born in 2009 after the launch of a project called Bitcoin (BTC).

A cryptocurrency is an encrypted decentralized digital currency that can be transferred from one individual to another.

Since the launch of Bitcoin, many players have joined the market. Aside from Bitcoin, the other top players are Ethereum(ETH), Litecoin (LTC) and Ripple (XRP). [Read more…] about Tips on How to Choose Which Cryptocurrency to Trade

Fanuc plans to triple its production of industrial robots

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Fanuc, the world’s largest manufacturer of industrial robots, with almost 500,000 units in operation at customer locations around the world, is planning to “triple current monthly production” at its main factory in Yamanashi Prefecture, Japan. 

This is according to a report by Nikkei Asian Review which says Fanuc is particularly concentrating on its CRX line of collaborative robots.

The term “collaborative robots” refers to a type of robot which is designed to work in close proximity to humans, possibly even directly controlled by human workers through touch and guidance. [Read more…] about Fanuc plans to triple its production of industrial robots

SkyDrive launches ‘world’s smallest flying car’

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A Japanese startup company called SkyDrive has unveiled what it claims is the world’s smallest flying car. (See video below.)

Designed to carry one person, the vehicle could be said to be the aerial equivalent of a motorcycle.

SkyDrive says it can put the what we’ll call the “airbike” into mass production in just two years’ time, by which time there should be more regulations about aerial vehicles. [Read more…] about SkyDrive launches ‘world’s smallest flying car’

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