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Automotive robotics market forecast to reach $6 billion by 2024

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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

Top 5 Career Options You Can Gain from Becoming a Forklift Operator

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Not a lot of kids dream about becoming a forklift operator when they grow up. However, if you want to get your foot in the door of construction, manufacturing, and even the food industry, you can start with this profession and work your way up.

A forklift operator drives a powered industrial truck to lift and transport materials from one point to another. They are considered professional drivers and have to obtain a Masterdrive Forklift Operator Cert as well as a higher-level driver’s license.

If you’re thinking about following this career path, below are the five job options that you have after becoming a forklift operator. [Read more…] about Top 5 Career Options You Can Gain from Becoming a Forklift Operator

Autonomous trucks: Addressing the industry’s structural challenges

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The automotive industry is experiencing a difficult time due to the coronavirus pandemic, with severe shocks both to the supply and demand. Nonetheless, the industry will need to retain its focus on key transformation trends such as autonomy.

Making a business case out of autonomous however, is not always straightforward, as IDTechEx finds in its research into the sector.

Some original equipment manufacturers and tier-one suppliers are already suggesting that there is no business case for level 3 autonomy – referring to SAE’s levels of autonomy in automotive. [Read more…] about Autonomous trucks: Addressing the industry’s structural challenges

Overcoming chip defectivity challenges in automotive product development

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By Serena Brischetto, marketing and communications manager at SEMI Europe

In the future, electronics-related gear including advanced driver-assistance systems (ADAS) will account for a whopping 50 percent of automotive costs.

More importantly, with more control of vehicles shifting to automation, the margin of error in component performance and reliability will become vanishingly small as zero defects become the new safety standard.

SEMI’s Serena Brischetto spoke with Antoine Amade, senior regional director EMEA, Entegris about zero defects as a “new collaborative approach” (see video below) necessary to shape the car of the future and the automotive industry. [Read more…] about Overcoming chip defectivity challenges in automotive product development

How Automation is Disrupting All Kinds of Manufacturing in 2020

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We are entering an era of smart factories and automated manufacturing. While many speculate it to be the end of manual labor as we know it, the evidence points in a different direction.

Industrial automation has ushered new ways that machines and human effort can collaborate to increase efficiency and drive down complexity.

This is especially true for the emerging automation technologies which, in the past few years, are disrupting all kinds of manufacturing. [Read more…] about How Automation is Disrupting All Kinds of Manufacturing in 2020

Open Manufacturing Platform expands with new industrial giants joining

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The Open Manufacturing Platform has expanded, with new steering committee members and new working groups established.

OMP is an alliance founded in 2019 to help manufacturing companies accelerate innovation at scale through cross-industry collaboration, knowledge and data sharing as well as access to new technologies.

The OMP was founded under the umbrella of the Joint Development Foundation, which is part of the Linux Foundation. [Read more…] about Open Manufacturing Platform expands with new industrial giants joining

How AI Affects the Robotics Industry and What the Future Holds

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AI has continued to create huge impacts across multiple industries and continued research has changed how AI affects the robotic industry. Read on to find out how it’s happening.

While there exists limited applications of AI across some industries, the technology is making a serious impact in the robotics industry and the trend doesn’t show any signs of slowing down. This article will explore how AI affects the robotic industry and what could happen in the future.

Artificial intelligence is en route to disrupting all industries and the robotics industry is not an exception. Presently, the innovative combination of AI and robotics has created an array of futuristic possibilities in automation. [Read more…] about How AI Affects the Robotics Industry and What the Future Holds

Universal Robots debuts new cobot-powered fulfillment solutions at Modex 2020

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Universal Robots, the market leader in collaborative robotics, will show attendees at North America’s largest supply chain expo how cobots can automate hard-to-staff palletizing and piece-picking tasks with new applications from partners MDCI Automation, RightHand Robotics, and Cross Automation.

With e-commerce generating the greatest year-over-year growth of all US retail industries, there is now more warehousing space being built in the US than projected warehousing jobs required to fill that space.

When thousands of supply chain professionals were asked in a recent Materials Handling Institute survey what technologies would yield the greatest boost to productivity, “robotics and automation” was their answer. [Read more…] about Universal Robots debuts new cobot-powered fulfillment solutions at Modex 2020

InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

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InoBat Auto, a battery production company providing new energy solutions for electric vehicles, has secured funding to build a research and development centre to support the construction of a 10 GWh Gigafactory in Slovakia – the world’s biggest car producer per capita.

The investment from the Slovakian Government has contributed to the €100 million first-phase fund raising to deliver the Gigafactory, which will deploy state-of-the-art battery technology with the potential to provide an estimated 240,000 electric vehicles with cutting edge batteries by 2024.

InoBat Auto says its planned Gigafactory will catapult Europe to become a leading global force in the electric vehicle battery industry. [Read more…] about InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

Dexai Robotics raises $5.5 million to develop commercial kitchen automation solutions

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Dexai Robotics, an artificial intelligence and robotics company focused on commercial kitchen automation, says it has raised $5.5 million in an oversubscribed seed round, led by Hyperplane Venture Capital.

New investors Rho Capital, Harlem Capital, Contour Venture Partners, and NextView Ventures also participated in this financing round. Vivjan Myrto, a managing partner at Hyperplane, joined Dexai’s board of directors.

The company will use the funding to expand its engineering, sales, and product teams, allowing it to serve new cuisines and fuel its growth in the foodservice space. [Read more…] about Dexai Robotics raises $5.5 million to develop commercial kitchen automation solutions