Robotics & Automation News

Where Innovation Meets Imagination

markets

Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

by

The Coronavirus outbreak has highlighted use cases for mobile robotics to successfully disinfect, monitor, survey, and handle and deliver materials.

These proven use cases will propel the overall mobile robotics market to $23 billion by 2021, according to a report by technology market advisory firm, ABI Research.

Rian Whitton, senior analyst at ABI Research, says: “Crises shift perceptions on what is possible regarding investment and transformative action on the part of both private and government actors. [Read more…] about Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

RE2 Robotics plans expansion as it looks to increase staff by 50 per cent

by

RE2 Robotics, a developer of human-like robotic manipulation systems, says it will “significantly increase” its hiring efforts in 2020.

This hiring push is a direct result of the company’s expansion into commercial markets last year, including the aviation, energy and medical industries.

RE2 expects to increase its staff by 50 percent by the end 2020. The company, which increased its staff by 32 percent in 2019, is seeking to add approximately 20 engineers in a variety of disciplines, including mechanical, electrical and software engineering. [Read more…] about RE2 Robotics plans expansion as it looks to increase staff by 50 per cent

Mercedes-Benz plant ships 750,000th truck assembly kit

by

The Mercedes-Benz plant at Wörth has shipped its 750,000th truck assembly kit.

Called the CKD Centre, for “Completely Knocked Down”, the Wörth facility in Germany sent the 750,000th truck kit to South Africa.

The item was packed in a 40-foot sea container for its journey overseas. It will be shipped to Rotterdam before it embarks to Port Elizabeth, in South Africa, its destination country. [Read more…] about Mercedes-Benz plant ships 750,000th truck assembly kit

Eclipse Automation acquires Transmoduls to expand into Europe

by

Eclipse Automation, of Cambridge, Canada, is in the process of acquiring Transmoduls, located in Veszprém, Hungary.

Eclipse says Transmoduls is at the forefront of manufacturing turnkey, feature-rich automation solutions for the automotive, electronics, food and medical markets.

With facilities in Canada and the United States, Eclipse delivers proven custom automation solutions combining design, engineering, manufacturing, integration and aftercare for advanced production, lean manufacturing and modern distribution. [Read more…] about Eclipse Automation acquires Transmoduls to expand into Europe

Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

by

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

Europe construction and demolition robot market worth $60 million

by

The European construction & demolition (C&D) robots market reached $58.58 million in 2018, representing the largest regional market in the world, according to a new report from Research and Markets.

The trend and outlook of Europe market are forecast in optimistic, balanced, and conservative views.

The balanced (most likely) projection is used to quantify Europe construction & demolition robots market in every aspect of the classification from perspectives of Product Type, Automation Degree, Robot Function, Application Vertical, and Country.

[Read more…] about Europe construction and demolition robot market worth $60 million

RIA publishes new technical report on collaborative robots

by

The RIA R15.06 Standards Committee has finalized Technical Report R15.806-2018 to address the test methods and metrics for measuring pressure and force associated with quasi-static and transient contact events of collaborative applications.

A collaborative robot, or cobot, is a type of robot intended to physically interact with humans in a shared workspace. Collaborative robots are experiencing rapid market growth.

According to Markets and Markets research, the collaborative robots market is expected to reach a value of $4.28 billion by 2023, growing at an astounding 56.94 percent compound annual growth rate.

[Read more…] about RIA publishes new technical report on collaborative robots

Ekso Bionics in $100 million joint venture to develop the exoskeleton market in Asia

by

Ekso Bionics, Inc. is to establish a joint venture to develop and serve the exoskeleton market in China and other Asian markets and to create a global exoskeleton manufacturing centre.

It will partner with Zhejiang Youchuang Venture Capital Investment Co., Ltd (ZYVC) and Zhejiang Silicon Paradise Asset Management Group.

The joint venture will develop, sell and support exoskeleton products into China, Hong Kong, Singapore, and Malaysia, and will be capitalized at greater than $100 million over its term.

[Read more…] about Ekso Bionics in $100 million joint venture to develop the exoskeleton market in Asia

Australian university focuses on future food systems

by

Queensland University of Technology (QUT) researchers will play a key part in developing smart logistics to link growers with their markets and high-tech methods of growing customised food, with the announcement of the Future Food Systems Cooperative Research Centre.

The Future Food Systems CRC will involve more than 50 commercial and research partners, with the Federal Government injecting AUS$35 million in funding over 10 years along with almost AUS$150 million in support from the research centre’s educational and commercial participants.

QUT’s involvement in the CRC is spread across the centre’s three research and development programs of planning and logistics in linking growers to their markets, developing smart automated indoor cropping and creating nutrient-dense foods and hybrid food and medical goods tailored to growing domestic and export markets.

[Read more…] about Australian university focuses on future food systems

Largest robotics and automation investment fund now has $1 billion in assets under management

by

ROBO, believed to be the first robotics and automation exchange traded fund, has reached a new milestone in terms of its assets under management.

Index provider ROBO Global, which has holdings in more than 100 listed companies, says investors have embraced its dedicated focus on robotics, automation and artificial intelligence.

The ROBO Global Robotics & Automation Index ETF recently surpassed $1 billion in assets under management, and its managers say it has achieved the psychologically significant benchmark less than four years after launching.  [Read more…] about Largest robotics and automation investment fund now has $1 billion in assets under management