Robotics & Automation News

Market trends and business perspectives

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Robotics market to exceed $150 billion by 2025, says report

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The global robotics market is set to exceed $150 billion by 2025, according to a new report, Disruption in Human-Robot Collaboration.

PreScouter, a Chicago-based research intelligence company, has released a detailed report on the recent advances in robotics and how these advances will be disrupting the workforce, promoting improved collaboration between man and machine.

The researcher says the global robotics market will exceed $150 billion by 2025 and the industrial robot sector will account for nearly $13 billion of that in North America alone. [Read more…] about Robotics market to exceed $150 billion by 2025, says report

Formant acquires Formation to add robot remote control to its fleet management solutions

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Formant, a robot fleet management software company, has acquired Formation, a robot teleoperation startup based in Pittsburgh.

Formant will integrate the startup’s solution to enable customers to remotely control their robots through its browser-based, cloud-enabled robot fleet management system.

According to Formant’s CEO, Jeff Linnell, adding teleoperation to Formant’s offerings will create an end-to-end solution that robots-as-a-service companies can leverage to scale their fleets, enabling them to easily manage thousands of robots. [Read more…] about Formant acquires Formation to add robot remote control to its fleet management solutions

Collaborative robot market forecast to grow beyond $11 billion by 2030

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The collaborative robot market will exceed $11 billion by 2030, representing 29 percent of the total industrial robot market, according to ABI Research.

Buoyed by early innovators and adopters, the collaborative robotics market will become increasingly mainstream over the next 10 years.

The new analysis from global tech market advisory firm, ABI Research finds that the yearly revenue for cobot arms will reach $11.8 billion by 2030, an enormous increase from $711 million in 2019. [Read more…] about Collaborative robot market forecast to grow beyond $11 billion by 2030

Total strengthens presence in industrial lubricants with new acquisitions

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Total Lubrifiants has strengthened its presence in the industrial lubricants market with the acquisition of a number of business units from Houghton International.

Total has acquired the aluminum hot rolling oil, steel cold rolling oil and tinplate rolling oil activities in the North American and European Economic Area markets from Houghton.

The transaction includes the associated technical support services in both regions. [Read more…] about Total strengthens presence in industrial lubricants with new acquisitions

Drones expected to grow to $100 billion market as they take off in commercial and industrial sectors while delivery market beckons

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Small Unmanned Aerial Systems (sUAS), more commonly referred to as drones, have been in the public eye for well over this decade and a hype cycle developed around its applications for the consumer and commercial space.

The high-profile failure of major drone manufacturers and software providers, such as US firm Airware in 2018, somewhat tempered initial enthusiasm, causing early projections from industry organizations such as the Association for Unmanned Vehicle Systems International (AUVSI) to look overly optimistic.

However, according to a new report from global tech market advisory, ABI Research, commercial drone usage, especially in the industrial space, will be a source of accelerating growth throughout the next decade with $101 billion in revenue being created annually by 2030 across the commercial, military, civil, and consumer sectors. [Read more…] about Drones expected to grow to $100 billion market as they take off in commercial and industrial sectors while delivery market beckons

Industrial measurement and testing: Faster commissioning results in quicker time to market

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Bosch Rexroth provides insight into measurement and testing processes

To ensure consistency, repeatability, quality and compliance with regulations, many companies employ rigorous testing and measurement processes.

Kraus automation technology (KAT), specialises in providing tailored testing systems for life-span, fatigue and material tests.

To offer testing systems which meet the needs of their diverse customer base, KAT use National Instruments’ LabView software to create custom user interfaces for engineers. [Read more…] about Industrial measurement and testing: Faster commissioning results in quicker time to market

Mitsubishi Electric launches new lift and escalator company in Laos

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Mitsubishi Electric Corporation has established MELCO Elevator Lao Sole Co., Ltd. (MLAO) to accelerate its lift and escalator business growth in the highly promising Mekong regional market.

The new company, which was established by Mitsubishi Elevator (Thailand) Co., Ltd. (MET), a Mitsubishi Electric subsidiary, began operations on July 1, 2019.

The new company is expected to strengthen Mitsubishi Electric’s sales of lifts and escalators as well as related provision of high-quality maintenance services.

[Read more…] about Mitsubishi Electric launches new lift and escalator company in Laos

Robert Bosch Venture Capital leads growth funding round in MegaRobo

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Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group, is leading a growth financing round in MegaRobo. 

The Chinese high-tech robotic company with over 100 employees is headquartered in Beijing and integrates cutting-edge machine vision and artificial intelligence (AI) to provide modular automation solutions for lab automation, smart retail and light industrial sectors.

“MegaRobo’s technology increases efficiency in production automation. Already today, robots from MegaRobo are used for special applications in the end-of-line production of household appliances at Bosch”, says RBVC managing director Dr Ingo Ramesohl.

[Read more…] about Robert Bosch Venture Capital leads growth funding round in MegaRobo

ZF and Foton open joint facility in China to produce automated commercial vehicles

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German automotive components giant ZF Friedrichshafen and Chinese commercial vehicles manufacturer Foton have jointly opened a facility to produce automated commercial vehicles.

The joint plant in Jiaxing will produce automatic commercial vehicle transmissions for the Chinese market, and the partners say they see “excellent market potential for automated commercial vehicles in the next five years”.

At the end of 2016, ZF entered into two joint ventures with Foton, a Chinese commercial vehicle manufacturer, to produce and sell commercial vehicle transmissions. [Read more…] about ZF and Foton open joint facility in China to produce automated commercial vehicles

Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

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Cowen, a provider of data and information to investors, and tech startup incubator MassRobotics have agreed a partnership to bring together their extensive market knowledge to advance research into the emerging robotics and artificial intelligence industry.

Based in the Boston area, MassRobotics is a global hub for robotics, and the collective work of a group of engineers, rocket scientists, and entrepreneurs focused on the needs of the robotics community.

Jeffrey Solomon, CEO of Cowen, says: “The robotics and artificial intelligence industry is a rapidly expanding market, and one that will define the advancement of manufacturing and services on a global basis. [Read more…] about Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence