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AI and robotics stocks outperforming other shares on markets

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Artificial intelligence and robotics stocks are performing better than many other investments on the stock market, according to a report on CNBC. 

The website says robotics and AI stocks are “crushing” the old economy and is up by 30 per cent compared with under 10 per cent for other stocks.

In particular, the Global X Robotics and Artificial Intelligence ETF (BOTZ) and the ROBO Global Robotics and Automation Index (ROBO) have done well.  [Read more…] about AI and robotics stocks outperforming other shares on markets

Interview: Robotic Vision Technologies boss eyes growth of global collaborative robotics market

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Interview with Rick Weidinger, CEO of Robotic Vision Technologies

A human eye transmits data to the brain at a rate of approximately 10 million bits a second, which is about the equivalent of the capacity of some Ethernet connections. 

This was the finding of a study by researchers at the University of Pennsylvania School of Medicine, and while that may be debatable, and perhaps doesn’t tell the whole story of the complexity of the human eye, it’s probably a widely accepted idea that our eyes collect and transmit more data than do our other “sensors”, if they can be called that – the ones for sound, touch, smell and taste – which, with sight, make up our five human senses.

Robots, of course, only have senses because their makers want to integrate sensors into them.  [Read more…] about Interview: Robotic Vision Technologies boss eyes growth of global collaborative robotics market

Global agriculture robots market driven by ‘high population growth and food shortages’

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The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report. 

The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.

By geography, Asia Pacific and rest of the world are expected to grow at 24.7 per cent and 24.1 per cent respectively, during the forecast period.  [Read more…] about Global agriculture robots market driven by ‘high population growth and food shortages’

Rethink Robotics signs up nine new distribution partners in Europe and the US

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Rethink Robotics has signed deals with nine distribution partners throughout the United States and Europe to extend the availability of its smart, collaborative robots.

With an extensive network throughout the world – including partners in the US, UK, Germany, France, Spain, China, Korea, Japan, Mexico and Australia – these distribution deals are part of Rethink’s efforts to meet growing demand across the globe, bringing flexible automation to the global manufacturing market.

With the launch of the Intera 5 software platform and ClickSmart family of gripper kits earlier this year, Rethink says it now offers a complete range of products and services to “help manufacturers around the world improve productivity“.  [Read more…] about Rethink Robotics signs up nine new distribution partners in Europe and the US

Government incentives driving growth of Malaysian automation and control systems market, says report

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Government incentives and adoption of new technologies are driving the growth of the Malaysian automation and control systems market, according to a new report.

The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing, says the study by Frost & Sullivan, which projects the market to be worth more than $409 million in the next four years.

Government incentives to aid manufacturing and infrastructure spend, as well as an established end-user base of sophisticated automation systems, are driving growth in the region.  [Read more…] about Government incentives driving growth of Malaysian automation and control systems market, says report

Cheap batteries will accelerate sales of electric cars worldwide, says report

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electric car illustration
Picture courtesy of Alternative Energy News

The growth in popularity of electric vehicles in China alone, even if it’s a trend not followed anywhere else in the world, is enough to drive the automotive market to make fundamental changes to the way it manufactures cars as well as the raw materials and fuels it uses. 

The China Association of Automobile Manufacturers says sales of new energy vehicles – which includes hydrogen – reached 507,000 units in 2016, representing an increase of 53 per cent compared with 2015.

In the previous year, the increase was similar. The steep upward trend seems to have taken off in 2014, according to analysis by Bloomberg.  [Read more…] about Cheap batteries will accelerate sales of electric cars worldwide, says report

North American robotics market growing and creating new types of work, says A3

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fanuc at hm 1

The fast-growing North American robotics and automation market is creating new kinds of jobs, according to the Association for Advancing Automation, or A3. 

The association says new technologies, such as collaborative robots and advanced vision systems are driving growth and diversity of employment in the sector.

Jeff Burnstein, who has a number of roles in the association including A3 president, says: “Automation technologies are fueling entirely new categories of jobs – really creating the jobs of the future – in addition to enabling companies to become more productive and create higher-quality products in safer environments.”  [Read more…] about North American robotics market growing and creating new types of work, says A3

Prefabricated construction using robots set to increase in next few years

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Prefabricated construction is where the individual components and parts of a building are manufactured in a factory and then transported to the building site and assembled together to form the final house or commercial building, or whatever it may be. 

This construction technique or methodology has been around for quite some time and its proponents have probably often wondered why it doesn’t become the main way dwellings and office blocks are built.

Its supporters say it reduces the costs of construction significantly and enables more accuracy and quality in the final building process.  [Read more…] about Prefabricated construction using robots set to increase in next few years

Robotiq releases updated version of its collaborative robots ebook

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robotiq cobot ebook

Robotiq has updated what it says is one of its “most read” ebooks, and has made it downloadable for free.

This is the seventh update of Robotiq’s Collaborative Robots Buyer’s Guide, and it’s available free at the company’s website.

Robotiq says the guide provides a clear view of what’s available, so manufacturers who are thinking about adding a robot to their production floor, as well as those who plan on expanding automation in their factory, will see which model of collaborative would best fit their requirements.  [Read more…] about Robotiq releases updated version of its collaborative robots ebook

German robotics and automation market set for sales of $15 billion this year

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vdma article

The German robotics and automation market is forecast to grow by 7 per cent this year compared with last year, with sales volume projected to reach a massive $15 billion. 

Germany is one of the world’s leading buyers of industrial robotics and automation systems, and purchased approximately $14 billion worth in 2016.

These are figures which German engineering association VDMA has suggested as a result of its research into the market.  [Read more…] about German robotics and automation market set for sales of $15 billion this year