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Pandemic lockdowns boost consumer robotics market to $10 billion in 2020 revenues

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Lockdowns around the world caused by the coronavirus pandemic have provided a boost to the consumer robotics market, according to ABI Research.

The consumer robotic market pushed through the pandemic’s disruption to deliver continued growth in 2020 as consumers spent more time at home and invested in robotic offerings that made life simpler.

Global tech market advisory firm ABI Research finds the consumer robotics market generated $10.4 billion in revenues in 2020, up $448 million, or 4.3 percent, on pre-pandemic expectations. [Read more…] about Pandemic lockdowns boost consumer robotics market to $10 billion in 2020 revenues

Stäubli expands robotics solutions for life sciences market

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Stäubli Robotics says it is expanding the robotics solutions the company offers to the life sciences market.

The Covid-19 crisis has spurred life sciences labs to ramp up output at warp speed – and Stäubli Robotics says it is helping to meet critical needs.

As the challenges multiply and pressure mounts, Stäubli Robotics is actively expanding its offerings to the life sciences market, including a full range of flexible and collaborative robotic arms and mobility solutions. [Read more…] about Stäubli expands robotics solutions for life sciences market

Top robotics companies to invest in right now

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Given the current global climate, there has never been a better time to invest in robotic and artificial intelligence stocks.

Robotics and the increasing use of automation represent some of the most exciting invest opportunities for traders in the coming years.

The makers of robotics understand this and know there is a need to improve the efficiency of production in several sectors of the overall economy. [Read more…] about Top robotics companies to invest in right now

Kia to develop autonomous vehicles for last-mile delivery in Singapore

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Kia is planning to develop a variety of technologies including autonomous vehicles for last-mile delivery in Singapore.

The company has begun to lay the groundwork for its “Purpose Built Vehicle” (PBV) business, partnering with cold chain start-up S.lab Asia to break into Singapore’s last-mile delivery market.

The two companies have signed an agreement aimed at launching a pilot project in Singapore using the e-Niro and evaluating the potential for a future PBV-based business model. [Read more…] about Kia to develop autonomous vehicles for last-mile delivery in Singapore

Teradyne and Syntiant partner to ‘significantly shorten time to market’ for new AI chips

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Teradyne, a supplier of automated test solutions, says the company’s UltraFLEX test platform has enabled AI chip company Syntiant to successfully ship millions of its microwatt-power, deep learning Neural Decision Processors to customers worldwide.

Built from a clean sheet, hardware/software co-design methodology that optimizes silicon and deep learning models together, the Syntiant NDP100 and Syntiant NDP101 Neural Decision Processors bring hands-free, cloud-free, always-on voice and sensor AI applications to battery-powered edge devices.

Pieter Vorenkamp, COO at Syntiant, says: “Our deep learning NDP10x chips leverage our custom designed near-memory compute architecture, so we were looking for a partner with a deep understanding of the AI chip market. [Read more…] about Teradyne and Syntiant partner to ‘significantly shorten time to market’ for new AI chips

Hanwha launches new collaborative robot solutions

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Hanwha has launched what it describes as “new advanced solutions”, including Hanwha Collaborative Robot Advanced (HCR Advanced) and a collaborative-robot-solutions package to continue building its momentum in the collaborative robot market that is expected to grow rapidly.

The global market for cobots was worth $1.2 billion last year, and it is expected to grow on average by 42 percent annually as more smart factories are built and the increasing demand for contactless services due to Covid-19 are expected to reach $7 billion by 2026.

In response, Hanwha is aggressively developing advanced cobots that combine Hanwha’s AI technology with its mobility capabilities. The company is integrating its robotics technology with existing logistics automation systems, secondary batteries, and display-related facilities to create synergy and satisfy the diverse needs of customers worldwide. [Read more…] about Hanwha launches new collaborative robot solutions

Microsurgery robot market set to reach $2 billion by 2026

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The microsurgery robot market is projected to attain “remarkable revenue growth” in view of rapid technological advancements in the field of medical science, according to a recent study by market research firm Global Market Insights.

The analyst forecasts that the microsurgery robot market will reach $2 billion by 2026.

Growing inclination towards creating innovative microsurgery devices that are capable of undertaking complex surgeries could massively enhance the product demand in the future. [Read more…] about Microsurgery robot market set to reach $2 billion by 2026

Mitsubishi’s elevator business in China produces its one millionth unit

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Mitsubishi Electric says its Shanghai Mitsubishi Elevator Company (SMEC), a joint venture company operating in China, has produced its one millionth unit.

The figure includes both elevators and escalators, and comes 34 years after starting production at the company’s Min Hung Plant in 1987.

Mitsubishi Electric, working in collaboration with SMEC, says it continues to deliver “safety, peace of mind and riding comfort in China”, the world’s largest elevator and escalator market, and maintain its “market-leading brand”. [Read more…] about Mitsubishi’s elevator business in China produces its one millionth unit

Global food and beverage robotic systems integration market for pick and place application to surpass $40 million by 2025

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The global food and beverage robotic system integration market for pick and place application was estimated at $17.5 million in 2017 and is projected to reach $40.1 million by 2025, according to a new market study published by Coherent Market Insights.

The North America market is projected to reach $11.12 million by 2025 with a compound annual growth rate of 11.02 percent. Increasing demand for robotics for application in various industries has become one of the key factors for growth of this market.

According to Robotic Industries Association, in 2015, a total of 31,464 robots valued at $1.8 billion were ordered by North American companies of different industries, an increase of 14 percent in units and 11 percent in revenue over previous year. [Read more…] about Global food and beverage robotic systems integration market for pick and place application to surpass $40 million by 2025

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