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ASRS revenue forecast to reach $1 billion in micro-fulfilment centers

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As retailers build micro-fulfilment centers (MFCs) to augment their distribution networks, automated picking solutions provide the speed and space maximization necessary for e-commerce efficiency and profitability.

According to a report by technology intelligence firm ABI Research, Automated Storage & Retrieval System (AS/RS) revenue within MFCs is expected to reach $1.2 billion by 2027, with uptake primarily seen in the grocery and Fast-Moving Consumer Goods (FMCG) industries.

Ryan Wiggin, supply chain management and logistics industry analyst at ABI Research, says: “The need for high-density storage and fast fulfillment capabilities allows technologies to scale down and enable a flexible, bespoke frontline distribution network. [Read more…] about ASRS revenue forecast to reach $1 billion in micro-fulfilment centers

ABI Research gives 16 autonomous forklift system vendors competitive rankings

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A new competitive ranking by technology research firm ABI Research provides “an in-depth and unbiased examination” of the autonomous forklift solutions offered by 16 autonomous forklift suppliers, according to the company.

A total of eight criteria were chosen for the analysis and segmented across innovation and implementation clusters. These include the vehicle solutions across three major categories of autonomous forklifts, namely reach truck, counterbalance stacker, and pallet truck, the level of maturity in navigation solutions, fleet management and orchestration, as well as the vendors’ integration and optimization capability.

The report further evaluates the vendors’ revenue and funding, customer reference, regional presence, the company’s distribution networks, and technology partners. [Read more…] about ABI Research gives 16 autonomous forklift system vendors competitive rankings

The 5 Kinds of Contracts Every AI or Robotics Company Should Have

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The AI/robotics world is still a relatively new one, and therefore the laws governing their usage are still in the process of being formed. Nonetheless, it is critical that contracts for AI/robotics be utilized in their sale/usage as these machines require the same type of protection that other services do.

Which contracts need to be signed, though? Well, there are five major types that every company in the industry should make note of so as not to fall victim to data leaks, sub-par services, or other unexpected problems. [Read more…] about The 5 Kinds of Contracts Every AI or Robotics Company Should Have

Labor shortages set to propel shipments of outdoor mobile robots to 350,000 by 2030

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Rapid advancements in fundamental techniques, such as navigation, manipulation, and functional safety, have made robots more intelligent, agile, and safer.

Mobile robots are a proven ideal companion for humans performing mission- and business-critical tasks in outdoor environments. According to global intelligence firm ABI Research, shipments of outdoor mobile robots will grow from 40,000 units in 2021 to reach 350,000 by 2030, a compound annual growth rate of 27 percent.

With the successful deployment of mobile robots for successful navigation, manipulation, and functional safety in material handling, transporting, and cleaning, companies are now looking to deploy robots for outdoor applications for the same reasons. [Read more…] about Labor shortages set to propel shipments of outdoor mobile robots to 350,000 by 2030

Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

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Consumer robotics and smart appliance vendors will continue to benefit from the boost in consumer spending on home technology in 2021, building on the uplift that started in the second half of 2020.

Global tech market advisory firm ABI Research calculates that the consumer robotics and smart appliance market will generate $80 billion in revenues in 2021, up 40 percent on 2020 revenues.

Growth comes as two dynamics combine, says the analyst. [Read more…] about Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

Revenues from robotics in warehouses to exceed $51 billion by 2030

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The warehousing industry has ramped up its automation efforts considering the increased order volume and labor shortages fueled by the pandemic.

In addition to technology solutions such as augmented reality powered smart glasses and handheld devices with enhanced capabilities, autonomous, collaborative, and mobile robots are proving to be the most popular and fastest-growing productivity-enhancing solution in the warehouse workspace.

According to ABI Research, a global tech market advisory firm, worldwide commercial robot revenue in warehouses will have a compounded annual growth rate of over 23 percent from 2021 to 2030 and exceed $51 billion by 2030. [Read more…] about Revenues from robotics in warehouses to exceed $51 billion by 2030

MassRobotics publishes ‘world’s first’ open source autonomous mobile robot interoperability standards

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MassRobotics, an independent, non-profit center that serves to educate, inspire and bring robotics initiatives, investments and companies to life, has released the MassRobotics Interoperability Standard.

The new initiative enables Autonomous Mobile Robots (AMRs) from multiple vendors to integrate and work together seamlessly to support safe and efficient operations in global factories, warehouses, distribution and fulfillment centers.

Members of the working group and contributors to the newly introduced standards include Vecna Robotics, 6 River Systems, Waypoint Robotics, Locus Robotics, Seegrid, MiR, Autoguide Mobile Robots, Third Wave Automation, Open Robotics Foundation and others. [Read more…] about MassRobotics publishes ‘world’s first’ open source autonomous mobile robot interoperability standards

Collaborative robotics market set to grow to $8 billion by 2030

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Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability, and convenience to end-users who struggle to afford more traditional forms of automation.

According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade.

The market had a global valuation of $475 million in 2020, which will expand to $600 million in 2021 and $8 billion in 2030, with a projected annual growth of 32.5 percent. [Read more…] about Collaborative robotics market set to grow to $8 billion by 2030

Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

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The market for autonomous mobile robots performing material handling tasks has expanded greatly in the last few years, with global revenues of $223 million in 2016 expanding to $800 million in 2020, according to a new report by ABI Research.

To help commentators and end users understand the strongest horses in this race, global tech market advisory firm, ABI Research has completed a detailed profile on ten of the most promising autonomous handling robotics vendors: Teradyne, Fetch, Bluebotics, Seegrid, Gideon Brothers, Agilox, Baylo, IAM Robotics, Vecna Robotics, and Forward X. [Read more…] about Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

Software-based PLCs pose challenge to traditional hardware infrastructure

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By Sharmila Annaswamy, IoT Analytics

Software is increasingly replacing hardware in industrial environments. Software-based programmable logic controllers (Soft PLCs) today are reliable, powerful and flexible.

Soft PLC adoption is expected to double between 2019 and 2025, posing an “innovator’s dilemma” for incumbent industrial automation vendors.

Actions taken by incumbents will prevent significant disruption in the near-term, but the long-term threat of soft PLCs will remain. [Read more…] about Software-based PLCs pose challenge to traditional hardware infrastructure