Robotics & Automation News

Market trends and business perspectives

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Neubility and Goggo Network partner to develop autonomous logistics solutions

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Neubility, a Korean autonomous robot company, and Goggo Network, a European logistic operator of autonomous vehicles and robots, have signed an agreement to “strengthen autonomous logistics solutions based on robots”.

Two enterprises plan to strengthen collaboration in bringing innovation to robot-based logistics services and improving customer experience.

For that, they will soon debut their pilot delivery services based on Neubility’s autonomous mobile robot Neubie and Goggo Network’s autonomous mobile platform in its tests along different cities of Spain. [Read more…] about Neubility and Goggo Network partner to develop autonomous logistics solutions

Global spending on semiconductor fabrication equipment forecast to reach ‘all-time high’ of almost $100 billion in 2022

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Global fabrication equipment spending for front-end facilities is expected to increase approximately 9 percent year-over-year to a new “all-time high” of $99 billion in 2022, according to SEMI.

The industry association revealed its prediction in its latest quarterly World Fab Forecast report. The report also shows the global fab equipment industry increasing capacity this year and again in 2023.

Ajit Manocha, SEMI president and CEO, says: “After achieving a record level in 2022, the global fab equipment market is projected to remain healthy next year driven by new fabs and upgrade activity.” [Read more…] about Global spending on semiconductor fabrication equipment forecast to reach ‘all-time high’ of almost $100 billion in 2022

Kuka receives ‘record orders’ in first six months of year

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Kuka, one of the world’s largest manufacturers of industrial robots, says it has achieved “record orders” in the first six months of 2022.

At €2,545.4 million, the value of Kuka Group’s orders received in the first half of the year was 34.8 percent higher than in the previous year, and sales revenues increased by 13.5 percent to around €1.7 billion.

In addition, Kuka improved earnings before interest and taxes (EBIT) to €48.6 million (H1/21: €33.8 million). The EBIT margin increased to 2.8 percent in the first half-year 2022. [Read more…] about Kuka receives ‘record orders’ in first six months of year

AGCO’s Massey Ferguson plant produces one-millionth tractor

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AGCO, one of the world’s largest manufacturers of agricultural machinery, is celebrating the production of the one-millionth tractor at its Massey Ferguson Beauvais plant.

The company says this “significant milestone” coincides with the company’s 175th anniversary. Massey Ferguson has been manufacturing tractors in Beauvais, France since November 20, 1960.

Darren Parker, vice president of Massey Ferguson, North America, says: “2022 is a year of milestone celebrations for Massey Ferguson. We applaud the hard work and dedication of our colleagues in Beauvais to produce our one-millionth tractor. [Read more…] about AGCO’s Massey Ferguson plant produces one-millionth tractor

Universal Robots reports revenue of $83 million in Q2

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Universal Robots, the Danish collaborative robot maker, has reported Q2 revenue of $83 million, describing it as “robust growth” for the company.

Kim Povlsen, president of Universal Robots, says: “In headline terms, second quarter revenue is up 8 percent on the same period last year but in local Danish currency the company has seen growth of 22 percent for Q2.”

Povlsen adds that, measured this way, Universal Robots has seen growth of 30 percent across the first two quarters of 2022 compared to the first half of 2021. [Read more…] about Universal Robots reports revenue of $83 million in Q2

Veo Robotics named in CB Insights’ advanced manufacturing top 50

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Business research website CB Insights has named Veo Robotics, the Waltham-based industrial automation company building sensing and intelligence for robots to collaborate with humans safely, to its first-annual Advanced Manufacturing 50 ranking, showcasing the 50 most promising private advanced manufacturing companies in the world.

Founded by Patrick Sobalvarro, Clara Vu, and Scott Denenberg, Veo has pioneered the creation of software and hardware that allow for fluid, efficient, and flexible production lines within manufacturing facilities.

Also making the list within the robotics and collaborative robots category were Rokae, Novarc Technologies, Linkwiz, Exotic, and Locus Robotics. [Read more…] about Veo Robotics named in CB Insights’ advanced manufacturing top 50

The future of Crypto: What’s Next?

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At the start of 2022, we have seen crypto investors on edge. The price seemed to be leading the token Bitcoin in the market. We have seen the growth at a considerable pace of 61 per cent, while the next Crypto-ETH gave 409 per cent in the country.

It helped many leading coins start the trend downward on November 21, which can assist in correcting the correction. As it turned out, we can see a much more favourable market gaining momentum in 21. It was able to gain a promising trend in the market that gave the start of 2022.

The stock market gained a good tip owing to the surging inflation. The invasion of Russia in Ukraine gave a tremendous challenge to the market. Crypto soon had to follow the suit that went on five things at a faster pace and gain the 500 periods in the time. You can visit the site – official bitcoin evolution to learn more. [Read more…] about The future of Crypto: What’s Next?

Global spending on semiconductor fabrication equipment expected to reach record $109 billion

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Global fab equipment spending for front-end facilities is expected to increase 20 percent year-over-year to an all-time high of $109 billion in 2022, marking a third consecutive year of growth following a 42 percent surge in 2021.

This is according to industry association SEMI, which published the figure in its latest quarterly World Fab Forecast report. Fab equipment investment in 2023 is expected to remain strong.

Ajit Manocha, president and CEO of SEMI, says: “The global semiconductor equipment industry remains on track to cross the $100 billion threshold for the first time as shown in our latest update of the World Fab Forecast. [Read more…] about Global spending on semiconductor fabrication equipment expected to reach record $109 billion

Industrial robot costs to drop by half in the next three years

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Karthee Madasamy, founder and managing partner at MFV Partners

According to ARK Invest research, industrial robot costs will drop by 50-60 percent by 2025. This dramatic drop in costs, combined with other factors such as the global pandemic’s acceleration of industries embracing automation, has resulted in a situation where interest in robotics has reached a fever pitch.

In fact, in the first year of the pandemic venture firms poured $6.3 billion into robotics companies, up nearly 50 percent from the $4.3 billion they invested over the same period a year earlier.

Further, in North America, industrial robot sales had their strongest year ever in 2021. With this activity it’s not surprising that the global market is forecasted to reach $31 billion by 2028. [Read more…] about Industrial robot costs to drop by half in the next three years

Spending on semiconductor fabrication equipment expected to reach record $107 billion in 2022

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Global fab equipment spending for front-end facilities is expected to jump 18 percent year-over-year to an all-time high of $107 billion in 2022, marking a third consecutive year of growth following a 42 percent surge in 2021, according to a report by industry association SEMI.

Ajit Manocha, president and CEO of SEMI, says: “Crossing the $100 billion mark in spending on global fab equipment for the first time is a historic ​milestone for the semiconductor industry.

“This ​significant achievement is a tribute to the relentless drive to add and upgrade capacity to address a diverse range of markets and emerging applications, solidifying expectations for long-term industry growth to enable electronics for the digital world.” [Read more…] about Spending on semiconductor fabrication equipment expected to reach record $107 billion in 2022