Where Innovation Meets Imagination
Continental is to build a new plant to make advanced driver assistance systems.
The new plant will be located in New Braunfels in the US state of Texas.
The purpose of the new building is to expand its capacity for the production of radar sensors, says Continental. [Read more…] about Continental builds new US plant to make advanced driver assistance systems
Kuwait is a country that has defied all odds to record a positive outcome economically than earlier anticipated. Only a couple of years Kuwait were at war after the Iraq invasion.
Additionally, in 2017 the country experienced a historic fall of oil prices are some of the things that many thought Kuwait had a long way to go before experiencing any visible change, but today it is a different narrative.
According to the Central Bank of Kuwait (CBK) Governor, Mohammad Y. Al-Hashel, the country economy is resilience and ability to overcome the challenging environment. [Read more…] about Kuwait: Banking On Growth
Nike, the world’s largest sportswear company, has integrated robots from Geek+ into its Japan warehouse. (See video below.)
Geek+, a provider of smart logistics solutions, has powered same-day delivery for Nike in Japan, providing advanced robotics solutions to Nike’s new distribution center in Chiba.
The installation uses more than 200 robots from Geek+’s goods-to-person P series robot range. [Read more…] about Nike integrates robots from Geek+ into its Japan warehouse
Teradyne has embarked on a project to build what it says will be “the world’s largest collaborative robotics hub” when it is finished.
The facility (main illustration) is located in Denmark and its eventual cost is estimated at approximately $36 million.
Denmark’s minister of industry, business and financial affairs, Simon Kollerup, unveiled what will become the new home of Teradyne’s robotics business units, Mobile Industrial Robots and Universal Robots, both of which it acquired in the past year or so. [Read more…] about Teradyne to build ‘world’s largest’ collaborative robotics hub at a cost of $36 million
Robotic rehabilitation and assistive technologies market are forecast to grow by more than 13 percent, according to a report by Transparency Market Research.
The global robotic rehabilitation and assistive technologies market is at its nascent stage and therefore, only a fraction of the possible applications have been explored till now by companies, labs, and universities.
This also means that there is much room for this market to grow. As of now the market is filled with start-ups and small companies which are well established.
This makes the global robotic rehabilitation and assistive technologies market fragmented. Some of the leading players in the market are:
According to a market intelligence study, the global robotic rehabilitation and assistive technologies market will be worth $2,290.3 million by 2025, expanding at a 13.1 percent annual growth from 2017 to 2025.
On the basis of application, the surgery segment led the market. This segment is anticipated to continue to lead in the years to come.
By geography, the market is will witness highest growth in Asia Pacific on account of the growing pool of geriatric population.
Asia Pacific market for robotic rehabilitation and assistive technologies is expected to exhibit a 15.3 percent annual growth between 2017 and 2025, with Japan being the foremost revenue generator.
The high cost however, will limit the adoption of robotic rehabilitation and assistive technologies by emerging economies in the region.
High Demand for Surgical Assistance During Complex Procedures Predicted
The use of robotic rehabilitation and assistive technologies has just begun in the healthcare industry.
Surgical robots are of much assistance during surgeries when surgeons perform complex and minimally invasive procedures.
Robots are also assisting doctors in boosting accuracy during radiation treatment for cancer patients as well as assist with rehabilitation of disabled patients.
Robotic rehabilitation and assistive technologies have immense growth opportunities and holds much promise in the healthcare area.
As per the lead author of this report, “the growing instance of strokes which in turn renders people bed-ridden or in a way takes away their ability to move to some degree, will be a key factor boosting the growth of the robotic rehabilitation and assistive technologies market”.
Rapid Improvement and Advancements in Technology to Accelerate Growth
The market is also driven by the surge in the geriatric population worldwide. Aged people are also in limited in their ability to move, to some degree and this will create a need for robotic rehabilitation and assistive technologies.
The technological advancements occurring in the field has led to a more efficient use of motors and light materials.
Advancements and innovations have also resulted in sophisticated control, improved safety mechanisms, and power backup.
High Cost of Robotic Rehabilitation and Assistive Technologies to Pose a Challenge
On the other hand, it is predicted that the steep price will go against the growth of the market as it will limit the adoption rates, especially in cost sensitive regions of the world.
The cost to performance ratio may not be feasible on account of the high cost of development and relatively low benefit for hospitals or patients will hamper adoption rates.
However, some relief can be expected on account of the improvement in production methods as well as due to favourable reimbursement policies.
Vecna Robotics, the workflow orchestration and self-driving forklift provider, has raised $50 million in Series B funding.
With double-digit annual growth forecast for the mobile robot market over the next five years, the new capital will expand Vecna Robotics’ industry-leading footprint and accelerate the development of new product offerings.
This round is led by Blackhorn Ventures, with participation from new investors Highland Capital and Fontinalis Partners, and additional funding from existing investors Drive Capital and Tectonic Ventures. [Read more…] about Vecna Robotics raises $50 million to expand business
TTTech Auto, a developer of safety software platforms for automated driving, has acquired Red Pine Software.
TTTech Auto says it is continuing its growth strategy with this acquisition and increases its software development capacities for Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) series development projects featuring its flagship product MotionWise.
Red Pine and its 60 employees are experts in automotive embedded software engineering with a focus on ADAS. The acquisition became effective as of January 1, 2020. [Read more…] about TTTech Auto acquires automotive software company Red Pine
The so-called “Industry 4.0” trend – an umbrella term for a range of connectivity and automation technologies – will “revolutionize” the use of safety sensors and switches, according to a new report.
The Global Market Study on Safety Sensors and Switches, by Persistent Market Research, says the global market is projected to expand at “a meteoric rate” to register annual growth of 10.7 per cent throughout the period of assessment, 2017-2025.
In 2017, the global market for safety sensors and switches was valued at around $13.8 billion and is estimated to touch a valuation higher than $30 billion by the end of the period of forecast. [Read more…] about Industry 4.0 to ‘revolutionize’ use of safety sensors and switches, says report
The global market for sensors for the transportation and warehousing industries are set to grow by 30 per cent, according to a report by Persistence Market Research.
Surpassing the market value of $16 billion in 2018, the global sales of internet of things sensors is poised for a whopping 24 per cent annual growth during the course of next decade.
Industry’s shift from legacy systems to advanced IoT enabled systems for utmost reliability and accuracy of data is creating potential growth opportunities for the IoT sensors market. [Read more…] about Market for transportation and warehousing sensors forecast to grow to $16 billion
The growth of industrial robot revenues slowed in 2019 but is forecast to pick up again towards late 2020 and accelerate in 2021, according to new market research from Interact Analysis.
The market intelligence firm released a new market report focusing on the industrial robot market which outlines reasons to be positive in the sector, despite an immediate, short term decline in revenues. [Read more…] about Growth of industrial robot market ‘slowed in 2019 but long-term forecast is positive’
