Robotics & Automation News

Market trends and business perspectives

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New research: Industrial robotics market to reach $40 billion by 2020

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The global Industrial Robotics Industry was estimated at $25.68 billion in 2013 and is expected to reach $40 billion by 2020, according to market research by Million Insights.

The desire to reduce operational costs by many manufacturing companies is expected to drive the global market growth, which can be majorly attributed to the adoption of automation through robotics.

Average labor costs in China have been rising by nearly 10 per cent yearly. The use of robots in industries has helped to reduced workers idle time by 80 per cent and save more than 50 per cent of the production cost, leading to significant cost savings.

[Read more…] about New research: Industrial robotics market to reach $40 billion by 2020

Collaborative industrial robot market in China forecast to grow to almost $200 million by 2020

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The market for collaborative industrial robotic arms in the Chinese industrial sector is forecast to grow to almost $200 million, according to a report on ChinaDaily.com. 

Quoting statistics in the Blue Paper of the Cobots Industry for 2017 – a report produced by Universal Robots and the Shenzhen Gaogong Industry Research Consulting Company – China Daily says the total market size for collaborative robots will exceed $196 million.

Small and medium-size businesses are expected to drive much of the growth. In total, some 12,000 units are forecast to be sold in China by 2020 – although this might sound like an understimate to some.  [Read more…] about Collaborative industrial robot market in China forecast to grow to almost $200 million by 2020

Automotive robotics market forecast to be worth almost $6 billion by 2024

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The market for robotics in the automotive sector is predicted to be worth almost $6 billion by 2024, according to a new research report by Global Market Insights. 

Growth in the automobile industry is creating positive impact over the implementation of advanced products to meet the customer demand, says GMI.

Improved focus of vendors on automation solutions to eliminate risk factors arising from labor will spur the demand for automotive robotics, the researcher adds.  [Read more…] about Automotive robotics market forecast to be worth almost $6 billion by 2024

Interview: Leading robotics and automation fund manager planning to launch new investment vehicle

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The news that investments in robotics and automation companies have out-performed all other investments on the stock market will only add to the allure of this sector. 

Fuelled by a renewed fascination and technological advancement in artificial intelligence, investors are enthusiastically looking for funds and companies in which to put their money.

There’s very few investments in life or in history that can offer get-rich-quick returns, but certainly a wise investor could make substantial returns if they are careful with their money.  [Read more…] about Interview: Leading robotics and automation fund manager planning to launch new investment vehicle

Market for logistics robots predicted to exceed $75 billion in 10 years

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Mobile robotics in material handling and logistics will become a $75 billion market by 2027, according to a new report, which adds that it will be more than double by 2038. 

These staggering headline figures mask turbulent transformative change underneath: some technologies will rise and transform the fortunes of industries, fuelling growth rates far outpacing recent trends, whilst others will face with decay and obsolescence.

“We are at the beginning of the beginning of a transformative change, and the time to plan is now,” says the report by IDTechEx Research.  [Read more…] about Market for logistics robots predicted to exceed $75 billion in 10 years

AI and robotics stocks outperforming other shares on markets

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Artificial intelligence and robotics stocks are performing better than many other investments on the stock market, according to a report on CNBC. 

The website says robotics and AI stocks are “crushing” the old economy and is up by 30 per cent compared with under 10 per cent for other stocks.

In particular, the Global X Robotics and Artificial Intelligence ETF (BOTZ) and the ROBO Global Robotics and Automation Index (ROBO) have done well.  [Read more…] about AI and robotics stocks outperforming other shares on markets

Interview: Robotic Vision Technologies boss eyes growth of global collaborative robotics market

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Interview with Rick Weidinger, CEO of Robotic Vision Technologies

A human eye transmits data to the brain at a rate of approximately 10 million bits a second, which is about the equivalent of the capacity of some Ethernet connections. 

This was the finding of a study by researchers at the University of Pennsylvania School of Medicine, and while that may be debatable, and perhaps doesn’t tell the whole story of the complexity of the human eye, it’s probably a widely accepted idea that our eyes collect and transmit more data than do our other “sensors”, if they can be called that – the ones for sound, touch, smell and taste – which, with sight, make up our five human senses.

Robots, of course, only have senses because their makers want to integrate sensors into them.  [Read more…] about Interview: Robotic Vision Technologies boss eyes growth of global collaborative robotics market

Global agriculture robots market driven by ‘high population growth and food shortages’

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The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report. 

The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.

By geography, Asia Pacific and rest of the world are expected to grow at 24.7 per cent and 24.1 per cent respectively, during the forecast period.  [Read more…] about Global agriculture robots market driven by ‘high population growth and food shortages’

Rethink Robotics signs up nine new distribution partners in Europe and the US

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rethink-robotics-baxter

Rethink Robotics has signed deals with nine distribution partners throughout the United States and Europe to extend the availability of its smart, collaborative robots.

With an extensive network throughout the world – including partners in the US, UK, Germany, France, Spain, China, Korea, Japan, Mexico and Australia – these distribution deals are part of Rethink’s efforts to meet growing demand across the globe, bringing flexible automation to the global manufacturing market.

With the launch of the Intera 5 software platform and ClickSmart family of gripper kits earlier this year, Rethink says it now offers a complete range of products and services to “help manufacturers around the world improve productivity“.  [Read more…] about Rethink Robotics signs up nine new distribution partners in Europe and the US

Government incentives driving growth of Malaysian automation and control systems market, says report

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malaysian factory robot
A factory in Malaysia. Picture courtesy of The Malay Mail Online

Government incentives and adoption of new technologies are driving the growth of the Malaysian automation and control systems market, according to a new report.

The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing, says the study by Frost & Sullivan, which projects the market to be worth more than $409 million in the next four years.

Government incentives to aid manufacturing and infrastructure spend, as well as an established end-user base of sophisticated automation systems, are driving growth in the region.  [Read more…] about Government incentives driving growth of Malaysian automation and control systems market, says report