Robotics & Automation News

Market trends and business perspectives

growth

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’

China’s biggest chipmaker to double investment in capital goods to $7 billion

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China’s largest chipmaker Semiconductor Manufacturing International is to double its investment in capital goods to $6.7 billion, according to a report on the Nikkei Asian Review website. 

The company is somewhat flush with cash as a result of net profit skyrocketing by 644 percent in the second quarter. Part of the increase is due to Chinese telecommunications giant Huawei stockpiling chips.

Huawei is trying to prepare for any potential shortage in its supply chain caused by the ban imposed on its activities in the US and Europe. [Read more…] about China’s biggest chipmaker to double investment in capital goods to $7 billion

Spending on chip manufacturing equipment to reach record high of $70 billion in 2021

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Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to increase six percent to $63.2 billion in 2020, compared to $59.6 billion in 2019, before logging record high revenue of $70 billion in 2021 on the strength of double-digit growth, according to industry association SEMI.

The group revealed the figures is its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective at the annual SEMICON West exposition.

Growth across a number of semiconductor segments is expected to power the expansion. The wafer fab equipment segment – which includes wafer processing, fab facilities, and mask/reticle equipment – is expected to rise five percent in 2020 followed by 13 percent growth in 2021 driven by a memory spending recovery and investments in leading-edge and China. [Read more…] about Spending on chip manufacturing equipment to reach record high of $70 billion in 2021

Robotic lawn mowers market to grow to $1.3 billion this year

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The global market for robotic lawn mowers is expected to reach $1.3 billion in 2020, growing at an annual rate of more than 12 percent during the period 2019-2025.

The is according to a study by Research and Markets called Insights on the Robotic Lawn Mowers Global Market to 2025.

The year-on-year growth of robotic lawnmowers will be in the double-digit due to the high demand from Europe, North America, and APAC, coupled with the rise in awareness of these devices in developing countries. [Read more…] about Robotic lawn mowers market to grow to $1.3 billion this year

AImotive becomes ‘most-funded’ automated driving software supplier in Europe

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AImotive claims it has become “the most-funded automated driving software supplier in Europe” after its latest investment round.

AImotive, an automated driving technology company, says the new funding round has raised $20 million, and comes despite amid the global coronavirus pandemic.

The round was led by Lead Ventures, a Budapest based scale-up investor. [Read more…] about AImotive becomes ‘most-funded’ automated driving software supplier in Europe

Webinar: Lessons Learned in Scaling a Robot Fleet

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RoboBusiness Direct presents From 1 to 1,000: Lessons Learned in Scaling a Robot Fleet

Featured Speaker: Sarjoun Skaff, CTO, Bossa Nova Robotics

June 17, 2020 – 2:00 PM EST

Bossa Nova Robotics is one of the leaders in the retail robotics sector, providing large retailers with inventory-scanning robots that move up and down aisles, tracking inventory supply levels via computer vision and artificial intelligence to keep items available for customers.  [Read more…] about Webinar: Lessons Learned in Scaling a Robot Fleet

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