Robotics & Automation News

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Supply chain robotics company Symbotic reports $12 billion in orders

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Symbotic, a provider of AI-enabled robotics technology for the supply chain, has released financial results for its first fiscal quarter ended December 24, 2022.

Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $16.3 million for the first quarter of fiscal 2023.

In the same quarter of fiscal 2022, Symbotic had revenue of $77.1 million, a net loss of $23.1 million and an adjusted EBITDA loss of $21.3 million. [Read more…] about Supply chain robotics company Symbotic reports $12 billion in orders

Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

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Sales in the global industrial robotics market are expected to total $33.75 billon by 2022, rising at a compound annual growth rate of 19.2 percent during the forecast period 2022-2028.

A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights. The report analyses the industrial robotics market and makes significant forecasts for the years 2019 to 2029.

The industrial robotics market is projected to reach $96.82 billion by the end of 2028. As more focus is placed on increasing the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices, the market is expanding. [Read more…] about Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

Industrial robot components market set for higher growth over next decade

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The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023. [Read more…] about Industrial robot components market set for higher growth over next decade

Dutch shoe retailer Schuurman Schoenen implements Magazino robots

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The robotics company Magazino has won Schuurman Schoenen as a new customer for the mobile picking robot TORU.

The Dutch company, known for offering a wide range of shoes, will use the robots in its warehouse in Neede, Netherlands.

By using the TORU robot, Schuurman Schoenen is implementing flexible automation for the manual picking process of shoeboxes. [Read more…] about Dutch shoe retailer Schuurman Schoenen implements Magazino robots

Universal Robots reports record annual revenue of $326 million

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Universal Robots, the Danish collaborative robot company, has reported Q4 revenue of $85 million, bringing 2022 annual revenue to $326 million, up 5 percent on 2021.

On a constant currency basis, growth over the year was 12 percent.

Kim Andreasen, Universal Robots’ chief financial officer, says: “We are proud to have continued to grow our business despite facing a difficult macroeconomic environment in 2022. [Read more…] about Universal Robots reports record annual revenue of $326 million

Aerones raises $30 million to develop wind turbine maintenance robot

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Aerones, a Latvia-based company specializing in robot-enabled wind turbine maintenance and inspection, has secured $30 million in growth capital to scale its business globally.

The capital will be used to help the Company meet surging demand in a market which is expected to reach $50 billion in value by 2028.

The funding round was co-led by Lightrock, the global growth equity investor, and Haniel, the European family-owned purpose-driven investor. [Read more…] about Aerones raises $30 million to develop wind turbine maintenance robot

Kodiak Robotics equips autonomous trucks with Ambarella AI system-on-chip

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Kodiak Robotics, a self-driving trucking company, has agreed a partnership with Ambarella, an edge AI semiconductor company, to integrate Ambarella’s CV2AQ AI perception system-on-chip (SoC) into its self-driving trucks for all camera data processing.

To kick off the partnership publicly, Kodiak will exhibit one of its self-driving trucks at Ambarella’s demo event in Las Vegas during the 2023 Consumer Electronics Show (CES).

Don Burnette, founder and CEO, Kodiak, says: “Our focus on building the world’s safest and most reliable self-driving trucks requires us to seek out the best partners. [Read more…] about Kodiak Robotics equips autonomous trucks with Ambarella AI system-on-chip

Wieland acquires Heyco Metals and National Bronze Manufacturing

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With the acquisition of Hummock Industries, Wieland has acquired Heyco Metals, a leader in light and medium gauge copper, copper alloy, and stainless steel strip processing, and National Bronze, a manufacturer and distributor of bronze-based bearing products.

Hummock Industries is a family-owned holding company focused on long-term investments in North American-based manufacturing companies.

These complementary operations will further strengthen Wieland’s market position with expanded product offerings, manufacturing capabilities, and distribution networks in North America. [Read more…] about Wieland acquires Heyco Metals and National Bronze Manufacturing

TTTech Auto expands in China with software platform for automated driving

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TTTech Auto, the Austria-based technology company specialising in automotive safety software, is expanding its operations with a dedicated subsidiary in China.

The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise, to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market.

TTTech Auto already has a presence in the Chinese market through its joint venture Technomous operated together with SAIC Motor, China’s largest automotive manufacturer. This further expansion, with an office in Shanghai, is part of the growth strategy in light of a $285 million (EUR 250 million) investment from Aptiv and Audi announced earlier this year. [Read more…] about TTTech Auto expands in China with software platform for automated driving

SafeAI raises $38 million funding to develop autonomous heavy equipment

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SafeAI, a developer of autonomous solutions for heavy equipment, has raised $38 million in its Series B round of funding with key investors including Builders VC, McKinley Management, George Kaiser Family Foundation, and Energy Innovation Capital.

Additionally, Moog Inc joined the round as a strategic investor. SafeAI retrofits construction and mining vehicles with aftermarket hardware and proprietary autonomy software that delivers significant gains in increased worksite productivity, safety and cost savings.

The company will use the funding to accelerate their autonomous vehicle technology roadmap, and to scale operations globally to service and deploy their growing customer base. [Read more…] about SafeAI raises $38 million funding to develop autonomous heavy equipment