Robotics & Automation News

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Hanwha Aerospace acquires US aircraft engine component manufacturer

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Hanwha Aerospace has signed a deal to fully acquire EDAC Technologies, an American aircraft engine component manufacturer. The deal is expected to be worth around USD 300 million, which will be finalised once negotiations are completed.

The Korean company made a preliminary bid for EDAC Technologies in April of 2019 and entered a period of due diligence before making a final offer.

EDAC Technologies is an aircraft engine component manufacturer based in Connecticut, with a workforce of 590 people. It recorded USD 150 million in revenue in 2018.

[Read more…] about Hanwha Aerospace acquires US aircraft engine component manufacturer

AI driving actionable sales intelligence in manufacturing

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By Barrett Thompson, Zilliant Business Solutions

The manufacturing plant floor has been automated and optimized for years; yet revenue and profit growth remain stagnant.

Seemingly everything has been process-improved with lean manufacturing principles; however, the cost of doing business remains high and the C-Suite continues its demands for an increase in revenue per transaction and gross margins.

Two functions at manufacturing organizations are prime for process improvement:

  • selling; and
  • pricing.

A closer look at the selling function reveals that despite reducing labor costs via transformational automation solutions, sales teams still manage large, antiquated portfolios. They are expected to increase their book of business while retaining current customers. [Read more…] about AI driving actionable sales intelligence in manufacturing

Report: North American articulated robots market set to grow

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The revenue of the North America articulated robots market is projected to reach $5.85 billion by 2026 in terms of robot systems including hardware, software & service, a 2019-2026 CAGR of 11.98%, according to a new report from ResearchAndMarkets.com.

The North America Articulated Robots Market by Subsystem, Function, Component, Payload, Industry Vertical, and Country 2015-2026: Growth Opportunity and Business Strategy report says annual shipments are expected to exhibit a CAGR of 14.72% during the same period, advancing to 54.26 thousand units in 2026.

Highlighted with 16 tables and 73 figures, this 159-page report is based on  research of the entire North America articulated robots market and all its sub-segments through detailed classifications.

[Read more…] about Report: North American articulated robots market set to grow

Automotive and industrial automation sectors forecast to drive micro motor market revenue to $38 billion

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Demand from the automotive and industrial automation sectors is expected to drive micro motor market revenue to $38 billion, according to a new report by Fact.mr.

With soaring vehicle production and sales, the applicability and adoption of electrical equipment are also witnessing a consistent rise globally.

While automatic, quantitative fuel injection systems have already substituted conventional carburetors, micro motors are also rapidly replacing the anti-lock braking systems, which is foreseen to account for remarkable sales of micro motor within the automotive industry.

[Read more…] about Automotive and industrial automation sectors forecast to drive micro motor market revenue to $38 billion

Robotic toymaker Anki to close down

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Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…] about Robotic toymaker Anki to close down

World’s largest automotive companies and an intro to their autonomous and electric vehicle tech moves

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In the first of a series of articles about large industrial companies, we list 20 of the leading automakers in the world in order of their last reported annual revenue amount, and highlight some of their more interesting developments in autonomous technologies. 

Automakers are have long been the largest market for industrial robotics and automation systems, but also, more recently, the vehicles they produce have become more robotic.

The design and development of road vehicles are becoming increasingly an exercise in developing computing technology – both hardware and software. Add to that the growing importance of artificial intelligence to run the advanced driver assistance systems that many new cars already have. [Read more…] about World’s largest automotive companies and an intro to their autonomous and electric vehicle tech moves

Robotics and automation companies off to fast start since Trump’s inauguration

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Market News Updates: Vision guided robotics and automated food retail technologies lead gainers on stock market

Since being inaugurated on January 20, 2017, President Donald Trump has pursued a policy of discouraging manufacturers from leaving the United States.

As a result, more businesses, large and small, have turned towards robotics technologies to keep labor costs down.

While this trend may sound alarming for the American worker, recent trends point to rising domestic employment in these industries that would otherwise exit American shores.

On the whole, investors positioned in companies pursuing robotic technologies are continuing to be rewarded as business continues to shift toward high tech business solutions, a trend that appears likely to continue.  [Read more…] about Robotics and automation companies off to fast start since Trump’s inauguration

Industrial robot revenue will triple by 2025, says report

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industrial robots

ABI Research forecasts revenues will reach nearly $45 billion in 2025, fueled by Chinese demand

ABI Research forecasts that industrial robot shipments will exhibit an average year-over-year growth rate of 16 per cent by 2021.

As industrial robots continue to infiltrate the workforce to increase production efficiencies, this will result in annual revenue exceeding $30 billion in 2020 and nearly $45 billion in 2025.

The automotive sector will remain the leading acquirer of industrial systems, even as it loses share to other growing industry verticals, including the electrical and electronics, rubber, and plastics industries.  [Read more…] about Industrial robot revenue will triple by 2025, says report