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Automotive robotics market forecast to reach $6 billion by 2024

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The automotive robotics market is set to grow from its current market value of more than $4 billion to over $5.96 billion by 2024, according to the latest study by Global Market Insights.

Growing utilization of automated machines for production and assembly of automotive parts is estimated to drive global automotive robotics market.

The automotive robotics industry is growing steadily on the back of expanding automotive industry. [Read more…] about Automotive robotics market forecast to reach $6 billion by 2024

Mobile robots and autonomous vehicles: Coronavirus pushes logistics automation higher up the agenda

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Last month, Amazon announced that it planned on hiring 100,000 extra workers to meet the rise in demand for online shopping created by Coronavirus-caused shutdowns and social distancing.

In late March, unions said workers were demanding that Amazon takes their lives seriously. The night before a facility in Queens, NY, had been closed for deep cleaning after an employee tested positive for the virus.

There are reports that some Amazon warehouse workers in Italy and Spain have tested positive. [Read more…] about Mobile robots and autonomous vehicles: Coronavirus pushes logistics automation higher up the agenda

Autonomous trucks: Addressing the industry’s structural challenges

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The automotive industry is experiencing a difficult time due to the coronavirus pandemic, with severe shocks both to the supply and demand. Nonetheless, the industry will need to retain its focus on key transformation trends such as autonomy.

Making a business case out of autonomous however, is not always straightforward, as IDTechEx finds in its research into the sector.

Some original equipment manufacturers and tier-one suppliers are already suggesting that there is no business case for level 3 autonomy – referring to SAE’s levels of autonomy in automotive. [Read more…] about Autonomous trucks: Addressing the industry’s structural challenges

Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

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The Coronavirus outbreak has highlighted use cases for mobile robotics to successfully disinfect, monitor, survey, and handle and deliver materials.

These proven use cases will propel the overall mobile robotics market to $23 billion by 2021, according to a report by technology market advisory firm, ABI Research.

Rian Whitton, senior analyst at ABI Research, says: “Crises shift perceptions on what is possible regarding investment and transformative action on the part of both private and government actors. [Read more…] about Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

Kuka secures contract worth ‘millions’ to supply automation technology to manufacture battery packs

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Kuka, one of the world’s largest industrial automation companies, says it has secured a contract “worth millions” in the future-oriented market of electro-mobility.

Kuka says it won the contract for the planning and supply of a fully automated battery pack line. It adds that it is a “major double-digit million euro order”.

Starting 2021, battery systems for fully electric vehicles in the premium segment will be manufactured in this production facility, which will feature at least 50 Kuka robots. [Read more…] about Kuka secures contract worth ‘millions’ to supply automation technology to manufacture battery packs

Global market for autonomous last-mile delivery solutions set to grow to $76 billion

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Last-mile delivery always tends to present a challenge for business ventures across all types of industries.

And, with autonomous solutions being more and more popular these days, industry players have started opting for driverless delivery vehicles, according to a report – Autonomous Last Mile Delivery Market – by Allied Market Research.

Replenishing gaps in the supply chain, these self-directed vehicles are now being perfectly utilized to hand over products to dealers, merchants, retailers, and even common people. [Read more…] about Global market for autonomous last-mile delivery solutions set to grow to $76 billion

Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

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Robotic last-mile deliveries are forecast to generate almost $50 billion in revenue by 2030, according to a new report by Lux Research.

Automated parcel delivery technologies, such as small mobile delivery robots, are growing due to the rise in consumer demand for faster deliveries.

The rise in e-commerce is fueling rapid growth in parcel delivery volumes, a market expected to grow to $665 billion by 2030. Consumers are increasingly expecting parcels to be delivered quickly. [Read more…] about Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

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InoBat Auto, a battery production company providing new energy solutions for electric vehicles, has secured funding to build a research and development centre to support the construction of a 10 GWh Gigafactory in Slovakia – the world’s biggest car producer per capita.

The investment from the Slovakian Government has contributed to the €100 million first-phase fund raising to deliver the Gigafactory, which will deploy state-of-the-art battery technology with the potential to provide an estimated 240,000 electric vehicles with cutting edge batteries by 2024.

InoBat Auto says its planned Gigafactory will catapult Europe to become a leading global force in the electric vehicle battery industry. [Read more…] about InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

RightHand Robotics continues global expansion with opening of sales office in Europe

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RightHand Robotics (RHR), a provider autonomous robotic picking solutions, is continuing its global expansion with the establishment of a sales and business development office in Frankfurt, Germany.

With multiple customers and partners based in Europe, RHR’s German operation will strengthen the company’s business and enable them to further expand their presence as the market grows and their customer base deepens in the region.

With broad experience in next-generation fulfillment solutions, Jon Schechter has been named to lead RHR’s German office, serving as head of Europe. Schechter spent 10 years designing robotic fulfillment centers for e-commerce and retail distribution as part of Kiva Systems and Amazon Robotics. [Read more…] about RightHand Robotics continues global expansion with opening of sales office in Europe

Upnest: Using Technology and Transparency to Connect In-Market Buyers and Sellers with the Right Agent

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The real estate world is like a jumbled ball of colored wool, and trying to decipher it without the right team or know-how can make you a mess.

Now you don’t have to bother your head about how to sell a house to make the best profit either.

Do you know that using the right real estate team can save you lots of money as profit when selling a house? [Read more…] about Upnest: Using Technology and Transparency to Connect In-Market Buyers and Sellers with the Right Agent