Found in Robotics News & Content, with a score of 23.37
…of the lawn, it is in industrial applications that robotics have made the biggest impact. State-of-the-art manufacturing processes are unthinkable without industrial robots handling part of the workload, whether it’s handling, welding, or assembling, which are the three most common applications of newly installed industrial robots in 2022. Based on data from the International Robotics Federation (IFR), the operational stock of industrial robots has tripled over the past decade, with almost four million robots in use across various industries by the end of 2022. According to the IFR, Asia leads the way in the shift to automated processes, with China…
Found in Robotics News & Content, with a score of 31.73
The “Service Robotics Market, Volume, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com. The global service robotics market is set for substantial growth, with an anticipated value of US$ 187.33 billion by 2030, according to this report, reaching a CAGR of 36.15%. The market valuation in 2022 was $15.87 billion. According to the report, as businesses and organizations grapple with rapidly changing consumer trends and various external factors such as labor shortages, trade issues, and supply chain disruptions, many are turning to cutting-edge technologies like service robots…
Found in Robotics News & Content, with a score of 23.60
…to a new report from HowToRobot.com. A focus on robotics implementation is supporting the growth in sales, said the “2023 Market Overview of Robot and Automation Companies in Spain.” “The global labor shortages and market uncertainty triggered by COVID have increased the need for automation solutions and integrators capable of serving the immediate needs of end users,” said Søren Peters, CEO of HowToRobot, in a release. Søren Peters, HowToRobot “In this environment, suppliers have to respond quickly and communicate how their solutions solve end users’ needs most in the most cost-effective way,” he added. Founded in 2020, HowToRobot.com is a…
Found in Robotics News & Content, with a score of 18.22
Robotics has added to increasingly complex production environments, driving demand for tools to enable plant managers to collect and use data gathered as a side product of automation, said ABB Robotics. It has released its new modular OptiFact software, which is intended to streamline data collection, visualization, and analysis in automated facilities. The number of robots sold worldwide has almost tripled over the past decade, according to the International Federation of Robotics (IFR). “Digitization, the acceleration of sustainable manufacturing, and the pandemic have all contributed to the increased demand for automation,” said ABB in a release. “Across industries, we see…
Found in Robotics News & Content, with a score of 30.68
…pandemic, economic constraints, and geopolitical conflict, global adoption of robotics is continuing to grow. The new World Robotics 2023 Industrial Robots and Service Robots report said that 553,052 industrial robots were installed in factories around the world in 2022 – a year-over-year growth rate of 5%. By region, 73% of all newly deployed robots were installed in Asia, 15% in Europe, and 10% in the Americas, according to the International Federation of Robotics (IFR). “The world record of 500,000 units was exceeded for the second year in succession,” stated Marina Bill, president of the IFR, in a release. “In 2023,…
Found in Robotics News & Content, with a score of 28.81
The energy sector plays a key role in Norway's robotics and automation industry. Investments in renewable sources could boost demand for automation, according to a recent market report from HowToRobot.com and the Norwegian Society of Electric and Automatic Control, or NFEA. “The Norway findings underscore a global shift: Robots and automation aren't limited to manufacturing anymore,” stated Søren Peters, CEO of HowToRobot. “Often, they align with sectors that hold significant economic weight in their respective markets, like energy in Norway.” Founded in 2020, HowToRobot.com is a global marketplace to connect buyers with automation suppliers. The Copenhagen, Denmark-based company, which has…
Found in Robotics News & Content, with a score of 21.53
…Canada, and Mexico rose by 12%, according to the International Federation of Robotics (IFR). In the first half of this year, North American orders totaled 16,865 robots, down 29% in comparison with the same period last year, reported A3. Robotics 24/7 spoke with Jeff Burnstein, president of A3 and a 2023 Engelberger Award winner, to learn more about the current state of robotics and future prospects in manufacturing and other industries. Examining the Q2 decline Did the second-quarter results come as a surprise to you? Burnstein: Not at all. I tell people that I look at this from a 40-year…
Found in Robotics News & Content, with a score of 23.80
…Organisation for Economic Co-operation and Development, or OECD. The International Federation of Robotics last week announced Go4Robotics, a new online platform to provide independent guidance in manufacturers' journey to automation. “The lack of skilled labor is a strong driver for automation in many countries,” said Dr. Susanne Bieller, general secretary of the International Federation of Robotics (IFR), in a release. “In fact, statistics from the EU say that three quarters of all companies across the EU have a problem attracting workers with the required skills.” Retiring baby boomers, immigration restrictions, and shifting expectations among younger workers have been a common…
Found in Robotics White Papers & Archives, with a score of 40.08
…517,000 units in 2021, the latest statistics from the International Federation of Robotics (IFR) for 2022 point to a further growth in sales by 10 percent. These high growth rates will continue in the near future. Even if the cyclical developments in the two main customer sectors, the automotive and electronics sectors, lead to fluctuations in demand, both industries display a strong trend towards making more investments in robotic systems and production automation. In addition, the orders for robotics rise constantly in other segments of the plastics, pharmaceutical and food industries up to the metal and machine sector. Demand from…
Found in Robotics News & Content, with a score of 14.41
In the current economic conditions, robotics startups must work harder to find venture capital, but investors are getting more help in finding innovators worth betting on. Indxx last week announced the licensing of its Indxx Global Robotics & Artificial Intelligence Thematic Index to Mirae Asset Global Investments. The index is is now the underlying benchmark for the TIGER Global AI & Robotics Indxx ETF (exchange-traded fund; Ticker 464310), which began trading on the Korea Exchange (KRX) on Aug. 17. “Artificial intelligence is poised to define this decade,” stated Rahul Sen Sharma, CEO of Indxx. “We are seeing tremendous adoption of…
Found in Robotics News & Content, with a score of 16.15
…process, leading to lower costs and higher-quality products. Automation Robotics and automation are evolving and can now be integrated into even more areas of the facility. Collaborative robot arms and mobile robots are able to work alongside human workers safely and flexibly. With new hardware and software that can communicate and better integrate with different equipment such as conveyors and forklifts, automation can be monitored and controlled more closely. Interoperability among robots is also becoming a priority. With significant advances, new technologies are continuing to expand in manufacturing. Even in the automotive industry, robotics adoption is still rising, according to…
Found in Robotics News & Content, with a score of 24.26
Olis Robotics today announced that it has raised $4.1 million in funding. The Seattle-based company specializes in remote monitoring, control, and error-recovery technology for industrial robots. It said it plans to use the funding to support additional brands representing more than half of all industrial robots, expand partnerships with systems integrators in North America, and develop new software products. A record 517,385 new industrial robots were installed worldwide in 2021, according to the World Robotics Report 2022 from the International Federation of Robotics (IFR). That ongoing growth was driven by factors including labor shortages, reshoring initiatives, and rising e-commerce demand,…