Market trends and business perspectives
If you’ve not heard of or come across the Internet of Things (IoT), it’s time to immerse yourself in the future.
IoT has the potential to be limitless, and although that can be a scary prospect, it could open up a whole new world for us to experience. With technology advancing at such an exponential rate, where can we expect it to be in the next five years? [Read more…] about Internet of Things: 5 Predictions for 2025
Given the current global climate, there has never been a better time to invest in robotic and artificial intelligence stocks.
Robotics and the increasing use of automation represent some of the most exciting invest opportunities for traders in the coming years.
The makers of robotics understand this and know there is a need to improve the efficiency of production in several sectors of the overall economy. [Read more…] about Top robotics companies to invest in right now
The microsurgery robot market is projected to attain “remarkable revenue growth” in view of rapid technological advancements in the field of medical science, according to a recent study by market research firm Global Market Insights.
The analyst forecasts that the microsurgery robot market will reach $2 billion by 2026.
Growing inclination towards creating innovative microsurgery devices that are capable of undertaking complex surgeries could massively enhance the product demand in the future. [Read more…] about Microsurgery robot market set to reach $2 billion by 2026
In today’s fast-paced, global marketplace, supply chain software can help improve your company’s efficiency and productivity.
You may find yourself needing to monitor and track multiple business functions and processes, but, sometimes, you can’t be there physically to oversee each aspect of your business. With this type of software, you can be sure that all of your business operations are being tracked and accounted for.
This can help you better plan and control how your business functions and allows you to make more informed decisions. In this article, you’ll learn in detail how supply chain software can benefit your business. Read on. [Read more…] about How Supply Chain Software Can Benefit Your Business
China has more industrial robots than next four countries put together, according to a new report.
Data presented by Buy Shares indicates that China, Japan, and the United States cumulatively control about 58.71 percent of the global industrial robot installations.
As of September 2020, there were 381,000 units of industrial robots globally. [Read more…] about China has more industrial robots than next four countries combined
Fanuc, the world’s largest manufacturer of industrial robots, with almost 500,000 units in operation at customer locations around the world, is planning to “triple current monthly production” at its main factory in Yamanashi Prefecture, Japan.
This is according to a report by Nikkei Asian Review which says Fanuc is particularly concentrating on its CRX line of collaborative robots.
The term “collaborative robots” refers to a type of robot which is designed to work in close proximity to humans, possibly even directly controlled by human workers through touch and guidance. [Read more…] about Fanuc plans to triple its production of industrial robots
China has overtaken the US as the world’s leading researcher, generating 58,990 patents in 2019 compared with America’s 57,840.
This is the first time since 1978 that the US has lost its position as the world’s leading producer of patent-winning inventions or innovations. (See animation below.)
The figures were published by the World Intellectual Property Organization, a specialized agency of the United Nations. [Read more…] about China overtakes US as world’s leading patent generator
Oil-producing nations located in the Middle East and North Africa are struggling with their economies, most of which are not diversified enough to offset the losses caused by falls in the price of crude.
A quick check shows that the current price of a barrel of crude oil – which is about 160 litres – is just above $40, which is significantly lower than certainly Arab countries need it to be.
According to the Economist, Algeria needs the price to be about $157 a barrel, while Oman wants to get to at least $87. [Read more…] about Oil-producing nations struggling with economic woes as society shifts towards electric movement
igus, a supplier of components, has unveiled a “virtual trade show booth” to provide some assistance to industry people who are “still bummed out about trade shows being cancelled”.
The virtual stand is interactive, as you might expect, and features a range of components for many industries, including robotics, material handling, agriculture and many more.
igus says the aim of the stand was to showcase its “new, innovative plastic products for low-cost automation”. [Read more…] about igus unveils virtual trade show booth
Siemens has opened beta testing of its next update of NX, the engineering giant’s computer-aided design software.
The NX application is part of Siemens product lifecycle management (PLM) software unit, and can also be used for computer-aided manufacturing and computer-aided engineering.
NX – sort for Siemens Next Generation Design – includes design functions and simulation capabilities which feature real-world physics, and the company is strongly emphasising the new additions for additive manufacturing. [Read more…] about Siemens opens beta testing for forthcoming launch of NX
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