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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

Robotic lawn mowers market to grow to $1.3 billion this year

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The global market for robotic lawn mowers is expected to reach $1.3 billion in 2020, growing at an annual rate of more than 12 percent during the period 2019-2025.

The is according to a study by Research and Markets called Insights on the Robotic Lawn Mowers Global Market to 2025.

The year-on-year growth of robotic lawnmowers will be in the double-digit due to the high demand from Europe, North America, and APAC, coupled with the rise in awareness of these devices in developing countries. [Read more…] about Robotic lawn mowers market to grow to $1.3 billion this year

Buyers don’t all know the potential of robots nor who can supply them, says Lux Research

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Potential buyers are not aware of the potential of robots, nor which companies can supply and integrate them into their business, according to a report by Lux Research.

The research company says businesses are “increasingly using robotics” across a wide variety of industries, but many companies still fail to understand what’s currently possible with today’s technology or which vendors can provide the solutions they need.

In its new report, Building Robotics Solutions, Lux Research attempts to create a framework for selecting robotics vendors based on the key capabilities and level of customization required. [Read more…] about Buyers don’t all know the potential of robots nor who can supply them, says Lux Research