Robotics & Automation News

Where Innovation Meets Imagination

market

Locus Robotics raises $26 million in new investment

by

Supply chain automation startup Locus Robotics has raised $26 million in Series C funding.

The company says it will use the proceeds to scale production of its revolutionary multi-bot solution for warehouse fulfillment, as well as for expansion of its sales and marketing efforts, both in North America, and internationally.

Participants in the round include Zebra Ventures, the strategic investment arm of Zebra Technologies, and Scale Venture Partners, which led the Company’s Series B round in 2017. [Read more…] about Locus Robotics raises $26 million in new investment

ADAS: Top 40 advanced driver assistance systems companies

by

The term “advanced driver assistance systems”, or ADAS, refers to a collection of automotive electronics technologies which are designed to enable vehicles to operate autonomously in certain situations.

The market for ADAS is forecast to be worth around $70 billion by 2025, according to Grand View Research. And although it’s already a huge market, a lot of the activity now is with the future in mind, a future in which many believe autonomous and electric cars will dominate.

A longer list of ADAS functions can be found elsewhere on this website, but examples include cruise control, lane-keeping, self-parking, and collision avoidance.

[Read more…] about ADAS: Top 40 advanced driver assistance systems companies

$700 billion spent on mergers and acquisitions in industrial sector

by

Almost $700 billion was spent on mergers and acquisitions in industrial sector last year, according to a study.

Research from global management consultancy A.T. Kearney has found that the total value of deals in the industrials market has risen to $680 billion in 2018, an increase from $662 billion the year before.

A.T. Kearney’s Industrials M&A Report 2019 analysed over 76,000 global transactions between 2009 and 2018 and found that the trend towards so-called ‘megadeals’ is set to continue.

2018 alone saw more than 100 individual deals worth over $1 billion, and seven of those transactions topping the $10 billion mark – including significant deals such as United Technologies’ $30+ billion takeover of avionics supplier Rockwell Collins and the intra-UK $12.1bn deal between Melrose Industries and GKN. [Read more…] about $700 billion spent on mergers and acquisitions in industrial sector

Nidec to buy Omron’s automotive business for $890 million

by

Industrial components giant Nidec has agreed to acquire Omron’s automotive business, formally called “Omron Automotive Electronics”.

The two companies do not appear to have released the financial details of the agreement, but Nikkei is reporting that Nidec will pay $890 million for the company.

The share transfer will be executed after obtaining necessary approval and satisfying other conditions. It is projected to occur by the end of October.  [Read more…] about Nidec to buy Omron’s automotive business for $890 million

Doosan Robotics signs up RG Group as first US distributor and integrator

by

RG Group has become the first US company to agree on a distribution and integration partnership for Doosan’s collaborative robots.

Doosan Robotics says its collaborative robots can be useful in different industries and processes ranging from assembly and inspection to gluing and packaging.

The company claims to have “the world’s most diversified lineup of collaborative robots” which boast high-performance torque sensors and the industry-leading collision detection technology.  [Read more…] about Doosan Robotics signs up RG Group as first US distributor and integrator

New research: Industrial robotics market to reach $40 billion by 2020

by

The global Industrial Robotics Industry was estimated at $25.68 billion in 2013 and is expected to reach $40 billion by 2020, according to market research by Million Insights.

The desire to reduce operational costs by many manufacturing companies is expected to drive the global market growth, which can be majorly attributed to the adoption of automation through robotics.

Average labor costs in China have been rising by nearly 10 per cent yearly. The use of robots in industries has helped to reduced workers idle time by 80 per cent and save more than 50 per cent of the production cost, leading to significant cost savings.

[Read more…] about New research: Industrial robotics market to reach $40 billion by 2020

Collaborative industrial robot market in China forecast to grow to almost $200 million by 2020

by

The market for collaborative industrial robotic arms in the Chinese industrial sector is forecast to grow to almost $200 million, according to a report on ChinaDaily.com. 

Quoting statistics in the Blue Paper of the Cobots Industry for 2017 – a report produced by Universal Robots and the Shenzhen Gaogong Industry Research Consulting Company – China Daily says the total market size for collaborative robots will exceed $196 million.

Small and medium-size businesses are expected to drive much of the growth. In total, some 12,000 units are forecast to be sold in China by 2020 – although this might sound like an understimate to some.  [Read more…] about Collaborative industrial robot market in China forecast to grow to almost $200 million by 2020

Automotive robotics market forecast to be worth almost $6 billion by 2024

by

The market for robotics in the automotive sector is predicted to be worth almost $6 billion by 2024, according to a new research report by Global Market Insights. 

Growth in the automobile industry is creating positive impact over the implementation of advanced products to meet the customer demand, says GMI.

Improved focus of vendors on automation solutions to eliminate risk factors arising from labor will spur the demand for automotive robotics, the researcher adds.  [Read more…] about Automotive robotics market forecast to be worth almost $6 billion by 2024

Interview: Leading robotics and automation fund manager planning to launch new investment vehicle

by

The news that investments in robotics and automation companies have out-performed all other investments on the stock market will only add to the allure of this sector. 

Fuelled by a renewed fascination and technological advancement in artificial intelligence, investors are enthusiastically looking for funds and companies in which to put their money.

There’s very few investments in life or in history that can offer get-rich-quick returns, but certainly a wise investor could make substantial returns if they are careful with their money.  [Read more…] about Interview: Leading robotics and automation fund manager planning to launch new investment vehicle

Market for logistics robots predicted to exceed $75 billion in 10 years

by

Mobile robotics in material handling and logistics will become a $75 billion market by 2027, according to a new report, which adds that it will be more than double by 2038. 

These staggering headline figures mask turbulent transformative change underneath: some technologies will rise and transform the fortunes of industries, fuelling growth rates far outpacing recent trends, whilst others will face with decay and obsolescence.

“We are at the beginning of the beginning of a transformative change, and the time to plan is now,” says the report by IDTechEx Research.  [Read more…] about Market for logistics robots predicted to exceed $75 billion in 10 years