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Carbon fiber reinforced plastics market set to grow to $64 billion by 2030

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Carbon fiber reinforced polymers (CFRPs) are a critical class of performance materials, but disruptions from Covid-19 have made the future of the industry uncertain.

In a new report, The Future of Carbon Fiber Composites, Lux Research outlines major challenges and opportunities carbon fibers and CFRPs face and how standardization and recycling are enabling the CFRP market to grow to a $64 billion industry by 2030.

The carbon fiber industry is facing three major challenges: weakness in underlying markets, fiber standardization, and recycling. [Read more…] about Carbon fiber reinforced plastics market set to grow to $64 billion by 2030

Buyers don’t all know the potential of robots nor who can supply them, says Lux Research

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Potential buyers are not aware of the potential of robots, nor which companies can supply and integrate them into their business, according to a report by Lux Research.

The research company says businesses are “increasingly using robotics” across a wide variety of industries, but many companies still fail to understand what’s currently possible with today’s technology or which vendors can provide the solutions they need.

In its new report, Building Robotics Solutions, Lux Research attempts to create a framework for selecting robotics vendors based on the key capabilities and level of customization required. [Read more…] about Buyers don’t all know the potential of robots nor who can supply them, says Lux Research

Electric vehicles drop in price, but ‘most remain unprofitable’, says Lux Research

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Electric vehicles have fallen in price, but “most remain unprofitable”, according to Lux Research.

The automotive industry is under pressure to reduce emissions, both from government regulations and from consumers who are growing more conscious about the environmental impact of their vehicles.

Electrified powertrains are a promising avenue to reduce or eliminate vehicle emissions for automakers. [Read more…] about Electric vehicles drop in price, but ‘most remain unprofitable’, says Lux Research

Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

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Robotic last-mile deliveries are forecast to generate almost $50 billion in revenue by 2030, according to a new report by Lux Research.

Automated parcel delivery technologies, such as small mobile delivery robots, are growing due to the rise in consumer demand for faster deliveries.

The rise in e-commerce is fueling rapid growth in parcel delivery volumes, a market expected to grow to $665 billion by 2030. Consumers are increasingly expecting parcels to be delivered quickly. [Read more…] about Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

Veo Robotics could make all industrial robots collaborative

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Traditional industrial robots tend to be very large and potentially dangerous, which is why they tend to be caged off and kept separate from human workers.

But a new company called Veo Robotics says it has the technology to transform traditional industrial robotic arms into safe machines that humans can work alongside, within close proximity.

Veo’s solution could make every industrial robot a collaborative robot. The term “collaborative” is recognized by international standards organizations and usually applies to much smaller, newer types of robots which are specifically designed to safe for humans to work with.  [Read more…] about Veo Robotics could make all industrial robots collaborative

Johnson Controls acquires Lux Products Corporation

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Johnson Controls has acquired the assets of Lux Products Corporation (LUX), a leader in residential thermostats and smart home products. Lux markets several successful residential and commercial lines ranging from timers to smart home thermostats including Kono and Geo.

“The acquisition of Lux strengthens our portfolio in the consumer retail channel and offerings in thermostats,” said Chris Eichmann, vice president, general manager of Johnson Controls.

This announcement comes shortly after the launch of Johnson Controls’ new GLAS®, a new smart thermostat that features a translucent OLED touchscreen display, among other high-tech features.

[Read more…] about Johnson Controls acquires Lux Products Corporation

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