Robotics & Automation News

Market trends and business perspectives

investment

Service robotics market grows by 33 percent in China

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China’s robotics industry outlook remains positive post-Covid-19 outbreak, especially across manufacturing, hospitality, and healthcare sectors.

This is according to a new report, How is Covid-19 Shaping China’s Robotics Industry?, by YCP Solidiance, which highlights that the $8 billion robotics industry projects a positive long-term growth forecast highlighting robotic automation and its useful applications across different industries.

Investment Contraction in China Following Covid-19: The Covid-19 outbreak has caused investment contraction in Q1 2020 – between 50 percent to 57 percent year-on-year, setting off a difficult funding situation across China and globally. [Read more…] about Service robotics market grows by 33 percent in China

Tips on How to Choose Which Cryptocurrency to Trade

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The cryptocurrency market was born in 2009 after the launch of a project called Bitcoin (BTC).

A cryptocurrency is an encrypted decentralized digital currency that can be transferred from one individual to another.

Since the launch of Bitcoin, many players have joined the market. Aside from Bitcoin, the other top players are Ethereum(ETH), Litecoin (LTC) and Ripple (XRP). [Read more…] about Tips on How to Choose Which Cryptocurrency to Trade

Investment in agricultural automation increases as farmers look to offset labor shortages

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Total investment in agricultural robot startups has increased significantly as farmers look to offset labor shortages partly caused by the coronavirus pandemic, according to a report on the Financial Times website.

Citing data collated by DealRoom.co, the news website says investment in vertical and indoor farming startups has grown by more than 40 percent this year compared with last year.

Indoor farming is basically the process of growing inside large buildings, some of which are like greenhouses and use natural light coming through transparent roofs, while others use artificial lights if their roofs are opaque. [Read more…] about Investment in agricultural automation increases as farmers look to offset labor shortages

Mitsubishi Motors considering building first factory in Myanmar

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Mitsubishi Motors is considering building its first factory in the formerly communist and closed state of Myanmar, according to a report on the Nikkei Asian Review website.

Mitsubishi, one of Japan’s top 10 automotive companies, builds more than a million cars a year at more than a dozen plants and supply centres, and also has five research and development facilities.

The Asian countries in which Mitsubishi currently has manufacturing facilities include the Philippines, Thailand, Indonesia and China. [Read more…] about Mitsubishi Motors considering building first factory in Myanmar

More than half of US companies are ‘planning to increase automation investments due to Covid-19’

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More than half of US companies are increasingly open to invest in automation to survive changing market conditions brought about by the Covid-19 pandemic, according to a recent study by Honeywell Intelligrated.

The 2020 Honeywell Intelligrated Automation Investment Study reveals that the e-commerce (66 percent); grocery, food and beverage (59 percent); and logistics (55 percent) industries are most willing to invest more in automation.

Chris Feuell, chief marketing officer at Honeywell Intelligrated, says: “The global pandemic caused a sudden and seismic shift in the global supply chain driving distribution centers to embrace remote operations and social distancing work processes. [Read more…] about More than half of US companies are ‘planning to increase automation investments due to Covid-19’

HRG Robotics holds its first startup competition

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HRG Robotics has held its first startup competition, attracting more than 50 investment and technology companies and organisations.

The company says it wants to provide a platform to support innovation and startups.

HRG says startup competitions help connect companies of “great potential” within HRG system with top venture capitalists. [Read more…] about HRG Robotics holds its first startup competition

ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

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ForwardX Robotics, a provider of artificial intelligence and robotics solutions, says it will now offer Robots-as-a-Service (RaaS) options for its collaborative mobile robots.

Whilst also offering outright sale and renting options, the RaaS subscription-based model aims to encourage supply chain operations to invest in innovation by allowing them to upgrade their facilities without the large upfront investment usually associated with automation projects.

Paul Qian, VP of sales at ForwardX Robotics, says: “The pressure on supply chains to deliver is growing with every day that passes and we know how much of an impact our solutions can have on facilities and their processes. [Read more…] about ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

Samsung expands chipmaking capacity

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Samsung Electronics, the smartphone giant which is also one of the world’s largest semiconductor manufacturers, is expanding its NAND flash production capacity in Pyeongtaek, Korea.

The company says the development will reinforce the company’s ability to meet demands from emerging technologies.

Construction, which began this May, will pave the way for mass production of Samsung’s cutting-edge V-NAND memory in the second half of 2021. [Read more…] about Samsung expands chipmaking capacity

Robotics one of the hottest investment sectors of the decade, says Silicon Valley Bank report

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Entrepreneurs have invested more money in robotics than all other sectors combined, according to a new report by Silicon Valley Bank.

In a report called The Future of Robotics, SVB says: “Investment in robotics has significantly outpaced the rest of venture (financing), making robotics one of the hottest sectors of the decade.”

SVB’s data shows that robotics venture capital funding represented 55 percent of all venture financing (see bar chart below). [Read more…] about Robotics one of the hottest investment sectors of the decade, says Silicon Valley Bank report

Electric air taxi startup Lilium raises another $35 million to take total investment to $375 million

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Lilium, the Munich-based aviation company developing an all-electric, vertical take-off and landing aircraft for regional air mobility, has raised another $35 million. 

The company says investment management partnership, Baillie Gifford, the new investor, is known for its track record of investing in high-impact technology companies such as Amazon, Tesla, Airbnb, Spotify and SpaceX.

Baillie Gifford has invested $35m in Lilium, extending the startup’s current funding round to more than $275 million, and total investment to date to more than $375 million. [Read more…] about Electric air taxi startup Lilium raises another $35 million to take total investment to $375 million

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