Robotics & Automation News

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Automotive and industrial automation sectors forecast to drive micro motor market revenue to $38 billion

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Demand from the automotive and industrial automation sectors is expected to drive micro motor market revenue to $38 billion, according to a new report by Fact.mr.

With soaring vehicle production and sales, the applicability and adoption of electrical equipment are also witnessing a consistent rise globally.

While automatic, quantitative fuel injection systems have already substituted conventional carburetors, micro motors are also rapidly replacing the anti-lock braking systems, which is foreseen to account for remarkable sales of micro motor within the automotive industry.

[Read more…] about Automotive and industrial automation sectors forecast to drive micro motor market revenue to $38 billion

RIA publishes new technical report on collaborative robots

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The RIA R15.06 Standards Committee has finalized Technical Report R15.806-2018 to address the test methods and metrics for measuring pressure and force associated with quasi-static and transient contact events of collaborative applications.

A collaborative robot, or cobot, is a type of robot intended to physically interact with humans in a shared workspace. Collaborative robots are experiencing rapid market growth.

According to Markets and Markets research, the collaborative robots market is expected to reach a value of $4.28 billion by 2023, growing at an astounding 56.94 percent compound annual growth rate.

[Read more…] about RIA publishes new technical report on collaborative robots

Vertical farming: Professor Changhoo Chun discusses Samsung’s horticulture LEDs

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A ‘smart farm’ is an intelligent farming system that applies information and communication technologies (ICT) to agriculture.

One example of a smart farming system is vertical farming, wherein food is produced in vertically stacked layers.

Vertical farming has been attracting attention in recent times as a potential future agricultural model thanks to the advantages it offers, including its economical use of space and resources, environmental-friendly form of cultivation, and the reliable harvesting.

[Read more…] about Vertical farming: Professor Changhoo Chun discusses Samsung’s horticulture LEDs

Denmark conference highlights high-growth robotics companies

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The biggest event for direct investment in Odense, home to the world-famous Danish robotics cluster, Odense Investor Summit 19, takes place June 26.

The event offers a unique opportunity to see the most promising and exciting technologies in the fields of robotics, drones and health tech plus access to fellow investors and investor networks.

With the prospect of an estimated 2-300 per cent growth by 2025, the Danish robotics cluster has a unique appeal to international investors.

[Read more…] about Denmark conference highlights high-growth robotics companies

Australian university focuses on future food systems

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Queensland University of Technology (QUT) researchers will play a key part in developing smart logistics to link growers with their markets and high-tech methods of growing customised food, with the announcement of the Future Food Systems Cooperative Research Centre.

The Future Food Systems CRC will involve more than 50 commercial and research partners, with the Federal Government injecting AUS$35 million in funding over 10 years along with almost AUS$150 million in support from the research centre’s educational and commercial participants.

QUT’s involvement in the CRC is spread across the centre’s three research and development programs of planning and logistics in linking growers to their markets, developing smart automated indoor cropping and creating nutrient-dense foods and hybrid food and medical goods tailored to growing domestic and export markets.

[Read more…] about Australian university focuses on future food systems

Locus Robotics raises $26 million in new investment

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Supply chain automation startup Locus Robotics has raised $26 million in Series C funding.

The company says it will use the proceeds to scale production of its revolutionary multi-bot solution for warehouse fulfillment, as well as for expansion of its sales and marketing efforts, both in North America, and internationally.

Participants in the round include Zebra Ventures, the strategic investment arm of Zebra Technologies, and Scale Venture Partners, which led the Company’s Series B round in 2017. [Read more…] about Locus Robotics raises $26 million in new investment

Robotics and automation news is good for ABB, says CEO

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Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics. 

Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.

ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.

“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.

“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter.  [Read more…] about Robotics and automation news is good for ABB, says CEO

Global agriculture robots market driven by ‘high population growth and food shortages’

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The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report. 

The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.

By geography, Asia Pacific and rest of the world are expected to grow at 24.7 per cent and 24.1 per cent respectively, during the forecast period.  [Read more…] about Global agriculture robots market driven by ‘high population growth and food shortages’

Government incentives driving growth of Malaysian automation and control systems market, says report

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Government incentives and adoption of new technologies are driving the growth of the Malaysian automation and control systems market, according to a new report.

The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing, says the study by Frost & Sullivan, which projects the market to be worth more than $409 million in the next four years.

Government incentives to aid manufacturing and infrastructure spend, as well as an established end-user base of sophisticated automation systems, are driving growth in the region.  [Read more…] about Government incentives driving growth of Malaysian automation and control systems market, says report

North American robotics market growing and creating new types of work, says A3

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The fast-growing North American robotics and automation market is creating new kinds of jobs, according to the Association for Advancing Automation, or A3. 

The association says new technologies, such as collaborative robots and advanced vision systems are driving growth and diversity of employment in the sector.

Jeff Burnstein, who has a number of roles in the association including A3 president, says: “Automation technologies are fueling entirely new categories of jobs – really creating the jobs of the future – in addition to enabling companies to become more productive and create higher-quality products in safer environments.”  [Read more…] about North American robotics market growing and creating new types of work, says A3