Robotics & Automation News

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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

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

Almost 50,000 robots expected to be shipped to warehouses by 2026

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More than 47,000 collaborative robots are expected to be shipped to warehouses by 2026, according to ABI Research, which included the estimate in its report, 38 Technology Stats You Need to Know for 2022.

The Covid-19 pandemic quickened the pace of digital transformation, placing technologies at the very center of how people live and work – and that pace shows no signs of slowing down.

In its new white paper, 38 Technology Stats You Need to Know for 2022, global technology intelligence firm ABI Research has identified and highlighted the most impactful forecasts that illuminate the direction in which digital transformation is truly heading. [Read more…] about Almost 50,000 robots expected to be shipped to warehouses by 2026

Hannover Messe 2022 rescheduled for beginning of June

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This year’s Hannover Messe, one of the world’s largest trade shows for industrial technology, has been rescheduled for beginning of June. It usually takes place in April.

Deutsche Messe AG, the company which organises the event, says the decision to delay Hannover Messe is “due to the current situation surrounding Covid”.

It says that this year’s exhibition is now scheduled to take place from 30 May to 2 June, adding that the new date “provides exhibitors and visitors with planning security”. [Read more…] about Hannover Messe 2022 rescheduled for beginning of June

Perseverance’s first year on Mars: Purdue professor, mission team member looks at what is ahead

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Almost one year into the Mars rover mission, accomplishing its goal is on the horizon for Purdue University’s Briony Horgan and the Perseverance team.

February 18 will mark one year since the rover landed on the red planet following a seven-month, 300-million-mile flight across space.

Horgan, associate professor of planetary science in the Purdue College of Science’s Department of Earth, Atmospheric, and Planetary Sciences, says anticipation is building as the team focuses on the mission goal: researching a now-dry large river delta. [Read more…] about Perseverance’s first year on Mars: Purdue professor, mission team member looks at what is ahead

Automatica event right back on track, say organisers

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Organisers of Automatica, one of the world’s largest industrial robotics and automation trade shows, say the event is “right back on track” after a terrible pandemic which virtually destroyed the entire events sector.

In a press release, Automatica organisers say: “The indicators for automatica 2022, which will be held at the Munich exhibition grounds from June 21 to 24, are very positive. All industry leaders have already applied half a year before the event.”

Companies such as ABB, Denso, Doosan Robotics, Epson, Fanuc, Hanwha, igus, Kawasaki, Kuka, Omron, Stäubli, Universal Robots, Yamaha, and Yaskawa will represent the robotics sector. [Read more…] about Automatica event right back on track, say organisers

Kivnon’s AGV ROI Calculation Starts on Product Delivery Date

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By Mike Kotzian, managing director, Kivnon USA

Modex 2022 in Atlanta March 28-31 will feature many AGV vendors who cannot deliver product this year. Too much emphasis has been placed on features, advantages, and benefits; too little attention has been paid to delivery dates.

AGV vendors must promise a delivery date with a guarantee not to exceed 180 days from purchase order to delivery. Failing to provide that commitment is unacceptable.

Solving the immediate challenges in production by delivering product by Q3 2022 and mitigating the hiring constraints plaguing industries must be the top priorities. The current state of the supply chain has exacerbated the situation. [Read more…] about Kivnon’s AGV ROI Calculation Starts on Product Delivery Date

John Deere reveals fully autonomous tractor at CES

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John Deere has revealed a fully autonomous tractor at this year’s Consumer Electronics Show, the world’s largest electronics trade show, currently taking place in Las Vegas, USA. 

The agriculture technology giant says its driverless tractor is ready for large-scale production.

The machine combines Deere’s 8R Tractor, TruSet-enabled chisel plow, GPS guidance system, and new advanced technologies. The autonomous tractor will be available to farmers later this year. [Read more…] about John Deere reveals fully autonomous tractor at CES