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MSC Industrial Supply is integrating Plus One Robotics systems at its fulfillment centers.
MSC is a distributor of metalworking and maintenance repair and operations products and services for industrial customers throughout North America.
The company says the partnership with Plus One Robotics will “support and enhance the efficiency” of its customer fulfillment centers. [Read more…] about MSC Industrial Supply integrates systems from Plus One Robotics at fulfillment centers
HERE Technologies says Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation have completed their joint acquisition of a 30 per cent ownership stake in the company, after receiving regulatory approvals.
HERE welcomes Mitsubishi and NTT as strategic investors. The two companies have co-invested in HERE via their recently established, jointly owned holding company COCO Tech Holding in the Netherlands.
As a result, HERE now has nine direct and indirect shareholders: Audi, Bosch, BMW Group, Continental, Intel Capital, Mitsubishi, Mercedes-Benz, NTT and Pioneer. [Read more…] about Mitsubishi and NTT take 30 per cent stake in HERE Technologies
Visteon, the only global Tier 1 automotive supplier solely focused on the digital cockpit market, has contributed its technical expertise and manufacturing capabilities to provide the infotainment platform for Volkswagen’s new Nivus model for the Brazil market.
With its new coupe-style SUV, the automaker debuts VW Play – a pioneering infotainment system for enhanced in-car connectivity, streaming and other services – supported by Visteon.
Developed jointly by VW and Visteon in Brazil, VW Play was created with usability in mind. Delivering a premium user experience, the intuitive interface incorporates customizable control screens, offering a diverse range of connectivity elements, key vehicle information and application notifications. [Read more…] about Visteon debuts new digital dashboard infotainment technology
Kreatize, which claims to be Germany’s largest procurement platform for mechanical engineering, has received a joint investment from Austrian company B&C Innovation Investments (BCII) and the industrialist Martin Ohneberg.
Kreatize says the new investment – which is described as being in the “mid single-digit million” euro range – will enable it to expand its business in Austria.
The procurement of industrial components is often a costly, lengthy and non-transparent process. [Read more…] about Engineering procurement platform Kreatize enters new market with Austrian investors
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’
Brain Corp, a developer of artificial intelligence systems for the robotics industry, has raised $36 million in Series D funding to “help meet the growing demand for autonomous mobile robots”.
The company says the growth is being generated by retail, healthcare, airports, education and other industries now on the front lines of the coronavirus health crisis.
The round was led by returning investor SoftBank Vision Fund 1, and includes new investors ClearBridge Investments, and Satwik Ventures, and an additional investment from Qualcomm Ventures. [Read more…] about Brain Corp raises $36 million to meet ‘growing demand for autonomous robots’
GPS and Bluetooth-enabled robotic lawn mowers are gaining rapid interest, and the market is set to grow to 3.6 times its current size by 2029, according to research by Future Market Insights.
Technological advancements and rising penetration of artificial intelligence have paved the way for increased sales of robotic lawn mowers, since they have become much more efficient.
Rising dependency on automation in the commercial sector to decrease operating costs and increasing adoption of domestic robots for residential applications are major factors estimated to drive the growth of the robotic lawn mower market during the forecast period. [Read more…] about Connected robotic lawn mowers market set to grow almost four-fold
The automotive robotics market is set to grow from its current market value of more than $4 billion to over $5.96 billion by 2024, according to the latest study by Global Market Insights.
Growing utilization of automated machines for production and assembly of automotive parts is estimated to drive global automotive robotics market.
The automotive robotics industry is growing steadily on the back of expanding automotive industry. [Read more…] about Automotive robotics market forecast to reach $6 billion by 2024
Last-mile delivery always tends to present a challenge for business ventures across all types of industries.
And, with autonomous solutions being more and more popular these days, industry players have started opting for driverless delivery vehicles, according to a report – Autonomous Last Mile Delivery Market – by Allied Market Research.
Replenishing gaps in the supply chain, these self-directed vehicles are now being perfectly utilized to hand over products to dealers, merchants, retailers, and even common people. [Read more…] about Global market for autonomous last-mile delivery solutions set to grow to $76 billion
The global robotics market is predicted to triple to $275 billion by 2025, according to analysis of International Federation of Robotics data by DC Advisory.
The investment bank calculates that the market was worth approximately $98 billion in 2018.
DC Advisory says changing consumer market has driven manufacturers and logistics companies to adopt new methods of production and distribution – chiefly the new generations of robotics and automation technology. [Read more…] about Global robotics market predicted to triple to $275 billion by 2025
