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Underwater robots market set to expand at 14 percent a year

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The market for underwater robots is expected to reach a value of $1.2 billion in 2023 and $4.3 billion by the end of 2033, growing at a compound annual growth rate of 13.7 percent.

This is according to a new report, Underwater Robots Market, published by Fact.MR.

Some of the deep and difficult-to-reach areas of the ocean are explored by an underwater robot. Underwater robots have cameras and lights that give them vision in the dark ocean and make it simple for them to communicate with the operator.

Although there are many uses for underwater robots and they are still in the early stages of market exploration, their production, operation, and maintenance costs are high. In order to prevent any accidents, it also needs trained professionals. [Read more…] about Underwater robots market set to expand at 14 percent a year

Celera Motion launches ‘world’s first’ platform to simplify PCB design work for robotic solutions

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Celera Motion, a business unit of Novanta, has launched its Summit Designer, which the company describes as “an innovative new tool” that delivers standard market-ready PCB designs for robotic applications to save significant cost, work and time to market.

Summit Designer is an open-source PCB design library featuring a diverse and vast offering of market-ready application-specific PCBs that are designed, supported and updated by experts.

It is an optimal way to effortlessly develop compact robot joints, multi-axis AGV/AMR systems, industrial end-effectors and surgical robots, among many others. [Read more…] about Celera Motion launches ‘world’s first’ platform to simplify PCB design work for robotic solutions

Thira Robotics launches new generation of autonomous mobile robots

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Thira Robotics, a South Korean autonomous mobile robots (AMR) developer and a subsidiary of smart factory solutions leader THiRA UTech, has officially launched in the US market, providing AMR to navigate facility conditions previously not fit for automation.

Thira Robotics offers solutions to healthcare, manufacturing, and supply chain industries to overcome physical barriers to technology adoption. Their launch coincides with Promat 2023, held in Chicago starting March 20th.

Peter Kim, CEO of Thira Robotics, says: “Some plants with poor conditions struggle to integrate AMR successfully. Now, older manufacturers don’t need to remodel to integrate. With Thira Robotics, robotization is possible for facilities not fit for automation. [Read more…] about Thira Robotics launches new generation of autonomous mobile robots

Effective Methods to Buy and Trade Bitcoin

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Bitcoin created its business late in 2019 with its automatic networking on the internet with the introduction of blockchain technology. Satoshi Nakamoto decided to engage with the investors by identifying the market’s needs.

The digital currency-oriented unit is stored in the blocks of Technology for the ordinary individual who struggles to visit the banks. The option of cryptocurrency needed to be prepared for the affluent investors who can significantly profit from the currency.

Bitcoin was more of a comfortable unit that entered the market to provide more significant assistance to thousands of middle individuals. Immediate Edge the unit is sufficient to make their astonishing journey in digital money seamless. [Read more…] about Effective Methods to Buy and Trade Bitcoin

Crypto Traders Face Market Uncertainties

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2022 has indeed been a roller coaster of an economic year, stretching the landscape for crypto traders over these last few months.

With unprecedented volatility across all markets, crypto traders have had to draw on their knowledge and experience to adjust their trading strategies.

This was in order to make profitable trading decisions within the current market climate. [Read more…] about Crypto Traders Face Market Uncertainties

Collaborative robot market to grow to $2 billion in the pharma industry

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The use of collaborative robots or “cobots” is on the rise in the pharmaceutical industry. Pharmaceutical application takes up around 0.05 percent of the total medical robot market size.

Valued at $553 million, the pharmaceutical robotic market is forecast to grow at 15.7 percent compound annual growth rate to reach $2 billion by 2030.

In hospital settings, pharmacy robots are often included under the category of hospital logistic robots. [Read more…] about Collaborative robot market to grow to $2 billion in the pharma industry

French logistics robotics specialist Scallog accelerates expansion in Germany

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French logistics robotics specialist Scallog says it is accelerating its development and expansion in Germany with a view to becoming one of the leading companies in the sector.

Scallog has signed an agreement with Xproma, a recognized expert in robotics and intralogistics at the service of optimization and logistics performance. Scallog says the deal will help establish its presence in Germany, which represents a quarter of the European logistics market.

In the region with the highest number of warehouses in Europe, Scallog says it aims to become “the reference player in robots and mobile shelves for the automation of order picking”. [Read more…] about French logistics robotics specialist Scallog accelerates expansion in Germany

Merger of Velodyne and Ouster creates $550 million lidar giant

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Velodyne and Ouster have merged to create what could be described as a “lidar giant” at a time when interest in lidar – light detection and ranging – sensors are at an all-time high because of their applications in so many robotic and automated machines. 

Ouster and Velodyne describe their successful deal as a “merger of equals”. The combined company will keep the name Ouster and continue to trade on New York Stock Exchange under the ticker “OUST”. The two companies have a combined market capitalization of more than $550 million.

The merger creates a lidar powerhouse with over 850 customers spanning the automotive, industrial, robotics, and smart infrastructure industries supported by a robust product portfolio of innovative hardware and software solutions in addition to top-tier engineering and commercial teams. [Read more…] about Merger of Velodyne and Ouster creates $550 million lidar giant

Mitsubishi Electric to invest $223 million to build new factory in India

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Mitsubishi Electric says it will invest approximately 26.7 billion yen (about $222.5 million), in its subsidiary company Mitsubishi Electric India to establish a factory for the production of room air conditioners and compressors in India.

Local production, targeted to start in October 2025, is expected to help the company meet growing demand in the Indian market. Initial annual capacity will total 300,000 room air conditioner outdoor units and, beginning in December 2025, 650,000 compressors.

The demand to replace older air conditioning and refrigeration systems with newer models is expected to continue growing as consumers and companies shift to energy-saving and low-GWP refrigerants. [Read more…] about Mitsubishi Electric to invest $223 million to build new factory in India

Bosch to acquire 12 percent of Husqvarna

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Bosch has agreed to acquire shares in the long-established Swedish company Husqvarna. The acquisition will increase its shareholding to roughly 12 percent in the company’s share capital in total. Numbers were not disclosed. 

Husqvarna is listed on Nasdaq Stockholm. In acquiring these shares today, Bosch intends to strengthen the battery alliance between the two companies.

Husqvarna also includes the Gardena subsidiary and its Flymo brand, both of which are also partners in the Bosch Power Tools division’s “Power for All Alliance”. [Read more…] about Bosch to acquire 12 percent of Husqvarna