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Space robotics market revenue forecast to grow to $7 billion by 2032

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The global market for space robotics is forecast to exceed revenues of $7 billion by 2032 with a projected compound annual growth rate of 9 percent over 2023-2032, according to a report by Global Market Insights.

The market growth is due to the rapid expansion of the electronic chip manufacturing industry globally. Besides, the increasing number of space projects in the MEA region will also foster the market growth.

For instance, in May 2022, Benya Group inked an MoU with OneWeb to explore the distribution of connection services in the MEA region. [Read more…] about Space robotics market revenue forecast to grow to $7 billion by 2032

Salary and Growth Prospects in Robot Engineering

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With growing automation, robotics engineering is currently making great strides. It is a rapidly developing field with virtually infinite opportunities in terms of innovation and growth.

As we march towards a more automated world, industries and companies focusing on robot engineering are showing an increased demand for robotic engineers.

Unfortunately, currently, in the demand-supply chain, the demand for skilled and qualified robot engineers is much higher than supply. Get the most out of your career with the help of professional robot engineering resume. [Read more…] about Salary and Growth Prospects in Robot Engineering

Autonomous mobile robots market expected to expand at 22 percent a year

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In 2022, the market for autonomous mobile robots was expected to be worth $2.85 billion. By 2032, the market is anticipated to reach a value greater than $20.99 billion. The forecast period is expected to see this market expand at a compound annual growth rate of 22.1 percent, according to Fact Market Research.

The rising demand for automation in manufacturing and logistics industry is expected to drive the growth of the autonomous mobile robots market. The increasing need to reduce operational costs, improve efficiency and accuracy, and enhance productivity is anticipated to boost the growth of the market.

The growing trend of automation in warehousing operations is also a major factor driving the growth of the autonomous mobile robots market. The growing demand for these robots in industrial applications is expected to continue to fuel the growth of the market. [Read more…] about Autonomous mobile robots market expected to expand at 22 percent a year

Exotec seeing ‘rapid growth and strong demand’ for its warehouse robots

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Exotec, a warehouse robotics provider, says it is seeing “continued rapid growth” in North America as the company continues its global expansion, adding that the business momentum is driven by the growing demand for warehouse automation.

Romain Moulin, Exotec CEO and co-founder, says: “We continue to see a strong demand for scalable and proven warehouse robotic solutions.

“Our track record of serving the world’s largest brands positions Exotec to benefit from the explosive growth of the global warehouse robotics market, which is expected to reach $16 billion by 2031.”    [Read more…] about Exotec seeing ‘rapid growth and strong demand’ for its warehouse robots

Plus One Robotics raises $50 million in new funding

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Plus One Robotics, a provider of advanced AI vision software and solutions for robotic parcel handling, has raised $50 million in Series C funding.

The round was led by Scale Venture Partners, with Partner Rory O’Driscoll joining the board of directors. Top Tier Capital Partners, Tyche Partners, ROBO Global Ventures, Translink, McRock, and Pritzker Group Venture Capital also participated in the round alongside existing investors, which brings the company’s total funding to date to nearly $100 million.

Plus One’s technology helps to alleviate the persistent shortage of manual labor through robotic solutions, dramatically streamlining the parcel picking and depalletizing processes. [Read more…] about Plus One Robotics raises $50 million in new funding

SSI Schaefer fully acquires DS Automotion

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The SSI Schaefer Group, an international provider of modular warehousing and logistics solutions employing some 10,000 people, and DS Automotion, a provider of mobile robotics such as automated guided vehicles and autonomous mobile robots, have signed an agreement under which SSI Schaefer will acquire all shares in DS Automotion.

Through the new agreement, SSI Schaefer will expand the minority interest it has held since 2018 to reflect the growing importance of autonomous and mobile robotics and the AGV business in intralogistics.

The acquisition of the remaining shares will take effect on March 1st, 2023 and is subject to approval by Austria’s Federal Competition Authority. [Read more…] about SSI Schaefer fully acquires DS Automotion

Material handling robot market predicted to grow to $13 billion by 2033

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The global market value for material handling robots will reach $5,542 million in 2023 and grow at a healthy compound annual growth rate of 8.6 percent between 2023 and 2033, according to research by Fact.MR. 

Increasing acceptance of advanced automated material handling robots, increasing need for high efficiency systems, increasing industrialization in emerging markets, constant technological advances, multiple industries such as automotive, manufacturing, e-commerce and many more.

High acceptance of US Investment in digital infrastructure and growing need to reduce labor costs are key factors behind the growth of the automated material handling robots market. [Read more…] about Material handling robot market predicted to grow to $13 billion by 2033

Global autonomous cars market size to reach $16 billion by 2030

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The global market for autonomous cars was valued at $1.35 billion in 2021 and is projected to reach $15.55 billion by 2030, growing at a compound annual growth rate of 31.19 percent from 2023 to 2030.

The increasing demand for connected cars employing the internet of things and the growing development of smart cities in the countries is driving the Autonomous Cars Market growth.

This is according to a new report by Verified Market Research, which says the increasing demand for connected cars employing the internet of things is the key force driving the autonomous car market. [Read more…] about Global autonomous cars market size to reach $16 billion by 2030

Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation

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A Sharp History of Expertise: About the Customer

There’s a reason cheese heads live in Wisconsin, a state with a long, well-established history in the commercial cheese industry dating back to 1837.

In fact, there were over 2,800 cheese factories in the northern border state by the 1920s so, it’s no surprise that modern, high-quality cheeses originate there as well.

Sargento Foods founded in Plymouth, Wisconsin, in 1953, has grown into a powerhouse of cheese manufacturing and is a dominant brand across the United States. [Read more…] about Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation

5 Reasons Why You Should Invest in Tesla this 2023

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By Cooper Haywood, WallStreetZen.com

Tesla, Inc. is a company that is at the forefront of the integration of robotics and automation in the automotive industry.

Founded in 2003 by a group of engineers who wanted to prove that electric cars could be better than gasoline-powered cars, Tesla has become a leader in developing and implementing advanced technologies in electric vehicles (EVs) and autonomous driving.

In recent years, Tesla has made significant strides in the EV market, revolutionizing the way we think about transportation and energy. [Read more…] about 5 Reasons Why You Should Invest in Tesla this 2023