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Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

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The global Robot as a Service market was valued at $12.6 billion in 2020 and is expected to surpass $41.3 billion by 2028, registering a compound annual growth rate of 15.9 percent during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.

The ongoing advancement in technologies is propelling the market growth during the forecast period.

The growing adoption of advanced technologies such as automation, artificial intelligence, machine learning, Robot as a Service (RaaS), and many other technologies are expected to drive market growth during the forecast period. [Read more…] about Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

Monogram Orthopedics attracts 5,000 investors on way to raising $30 million

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Monogram Orthopedics, the startup advancing the future of joint replacement surgery, has attracted 5,000 Series B investors – and almost $1 million – on crowdfunding platform StartEngine.

Aiming to personalize the $19.6 billion joint replacement market through artificial intelligence, robotics, and 3D printing, Monogram Orthopedics is targeting a $34 million raise to scale and bring their technology to market.

The company expects to kick off its unmatched personalized approach with its first Total Knee Arthroplasty implant FDA submission planned for later this year. [Read more…] about Monogram Orthopedics attracts 5,000 investors on way to raising $30 million

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

Lucas Systems and Fetch Robotics partner to optimize robot-and-worker collaboration in warehouses

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Lucas Systems, a provider of voice and warehouse optimization software for fulfillment and distribution centers, has entered a partnership with Silicon Valley-based Fetch Robotics to enable the next generation of smart warehouses.

Through the partnership, Lucas and Fetch will offer tailored solutions to orchestrate and optimize how warehouse workers interact in harmony with Fetch’s autonomous mobile robots.

Fulfillment and distribution centers are under tremendous pressure due to growth in e-commerce combined with a shrinking labor market. [Read more…] about Lucas Systems and Fetch Robotics partner to optimize robot-and-worker collaboration in warehouses

Wyzo the ‘sidebot’ to be showcased at Pack Expo

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Wyzo, the world’s first direct-drive pick-and-place sidebot, will be showcased to the US market for the first time at Pack Expo Las Vegas on 27-29 September.

From artisan companies taking their first steps into automation to established large-scale manufacturers, visitors to booth 6027 can experience first-hand how Wyzo can work safely side-by-side with humans with zero protective barriers or performance compromises.

Ideal for lightweight applications with a payload up to 1.1 lbs, Wyzo is suitable for the food and beverage, consumer goods, pharmaceutical, cosmetics, automotive, electrical and electronics sectors. [Read more…] about Wyzo the ‘sidebot’ to be showcased at Pack Expo

Robotiq launches new screwdriving solution for robots

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Robotiq, a provider of tools and software solutions for the collaborative robot market, announced today the launch of its Screwdriving Solution.

Designed for manufacturers looking to automate screwdriving applications, this solution’s intuitive features eliminate the need for expensive, complicated custom-designed solutions.

Catherine Leclerc, product owner at Robotiq, says: “Screwdriving is a dull and repetitive task that often leads to fastening inconsistencies and stress injuries. [Read more…] about Robotiq launches new screwdriving solution for robots

GeicoTaikisha chooses ADAMOS and Software AG to digitise automotive painting process

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Software AG (see video below) is to provide industrial internet of things solutions to GeicoTaikisha, one of the world’s leading designers and builders of automated auto body paintshops.

The companies say the agreement will help GeicoTaikisha to digitalise the entire painting process for its customers’ vehicle production plants.

GeicoTaikisha needed to connect its facilities, collect data and develop value-added applications to give new services to its customers. [Read more…] about GeicoTaikisha chooses ADAMOS and Software AG to digitise automotive painting process

IMI expands to Europe as modernization of distribution centres drives growth

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With the continued global shift towards e-commerce and crippling shortages of qualified workers, operators in the supply chain are investing heavily in technology and automation.

IMI has seen record demand for its agnostic services platform throughout this unprecedented period and has made the move to expand beyond North America.

IMI is pleased to announce its expansion into the European market and to inform the public that they are officially open for business. [Read more…] about IMI expands to Europe as modernization of distribution centres drives growth

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

Global agriculture robot market expected to quadruple in size by 2026

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The global market for agriculture robots is expected to quadruple in size by 2026, according to a report by Research Dive.

The agriculture robot market size was $4,082.8 million in 2018, and is expected to reach $16,640.4 million by 2026, and will grow at a compound annual growth rate of 19.2 percent.

North America region generated a revenue of $ 1,469.8 million in 2018, and is expected to grow at a CAGR of 18.9 percent. [Read more…] about Global agriculture robot market expected to quadruple in size by 2026