Found in Robotics News & Content, with a score of 2.34
…& Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)” report, the global collaborative robot market is expected to reach $1.6 billion in 2023, growing at a CAGR of 26.12% during the forecast period. The Asia Pacific region, which includes countries like China, Japan, South Korea, India, and others, is a dominant player in the global collaborative robot market, accounting for nearly half of the market share. The projected growth is driven by the presence of both global and domestic players, with China being a particularly significant contributor. Additionally, factors such as an aging population and rising labor costs…
Found in Robotics News & Content, with a score of 1.51
…as a future trend in the industry. Since the COVID-19 pandemic, there has been a surge in online shopping across the world. E-commerce sales have witnessed a significant growth rate over recent years. According to the International Air Transport Association (IATA), in 2021, 2.14 billion people (i.e., 27.6% of the world’s population) shopped for products from online portals. The growing demand for online shopping is pushing companies to perform faster picking and placement operations, which is raising the demand for packaging robots, the report says. In the e-commerce industry, picking robots are used for order fulfillment as manually picking of…
Found in Robotics News & Content, with a score of 0.45
…a big concern. One obvious example was during the COVID-19 pandemic, when social distancing was often required. Robots allowed for more staggered workers, leading some companies to realize how much more they could do with automation and mobile robots. Similar benefits are possible when dealing with hazardous chemicals or working around dangerous equipment. Suppose there’s a particular job that is needs to be done in close proximity to a hazardous blade or caustic chemicals. Not only can robots reduce risk by protecting human workers, but they can also reduce corporate liability. 3. Automation can link parts of a process Another…
Found in Robotics News & Content, with a score of 0.46
After the COVID-19 pandemic, consumers expect e-commerce orders to be fulfilled the next day or even on the same day. This challenge has substantially elevated the importance of warehouse responsiveness in the supply chain. Warehouse managers are facing increased pressure—and headaches—to improve operational efficiency, reduce costs, and meet deadlines—all while dealing with high turnover and other labor challenges. Many managers are feeling overwhelmed and, dare I say, miserable. I can’t send you a painkiller for your headache, but I can show you that you’re not alone in your warehouse woes. There are tools that can help you ease your pain.…
Found in Robotics News & Content, with a score of 1.18
Robot installations in Spain increased sharply last year after three years of declining or modest growth, according 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…
Found in Robotics News & Content, with a score of 0.49
…engineering, became fascinated with AI and robotics during the COVID-19 pandemic, when he spent his free time searching up educational YouTube videos on the topics. Researcher Kabilan KB with autonomous wheelchair. Source: NVIDIA He’s now working toward a bachelor’s degree in robotics and automation at the Karunya Institute of Technology and Sciences and said he aspires to one day launch a robotics startup. KB, a self-described supporter of self-education, has also received several certifications from the NVIDIA Deep Learning Institute, including “Building Video AI Applications at the Edge on Jetson Nano” and “Develop, Customize and Publish in Omniverse With Extensions.”…
Found in Robotics News & Content, with a score of 0.23
…still a logistics pain point While trade conflicts, the COVID-19 pandemic, and the e-commerce boom and not-quite bust have come and gone, employment rates remain high despite inflationary and other economic pressures. “Labor shortages continue to be one of the biggest challenges facing our customers in the warehousing and logistics industry,” said Kait Peterson, senior director of product marketing at Locus Robotics. “That’s why it’s critical to optimize the existing workforce productivity while also improving worker ergonomics and overall workplace quality.” “By collaborating with human workers, our robots minimize unproductive walking time, pulling heavy carts and lifting to free up…
Found in Robotics News & Content, with a score of 0.49
…demand may have slowed since the peak of the COVID-19 pandemic, third-party logistics providers (3PLs) can still use robotics to mitigate labor shortages, reported market research firms. The global market for logistics robots could expand from $7.1 billion in 2023 to $22.6 billion by 2033 at a compound annual growth rate (CAGR) of 12.3%, estimated Fact.MR. It cited improvements in sensors, robotic platforms, and AI and the Internet of Things (IoT) as contributing factors. Similarly, Future Market Insights forecast a CAGR of 16.5% from $8.28 billion in 2023 to $38.13 billion by 2033, propelled by worker shortages and resurgent manufacturing.…
Found in Robotics News & Content, with a score of 0.30
Despite lingering effects of the COVID-19 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…
Found in Robotics News & Content, with a score of 0.72
…scaled capacity as head of iPad operations during the COVID-19 pandemic. “Not only are we building the world’s first factory for humanoid robots, but we’re doing so in the U.S. about 30 miles from our engineering center, which is fantastic for setting us up to scale quickly,” she said. “By establishing RoboFab as a state-of-the-art manufacturing hub in Salem, Ore., we are not only accelerating the development and deployment of advanced robotic systems, but also cultivating innovation and creating high-skilled job opportunities,” Campbell added. “With the capability to produce Digit at scale, we are poised to change the future of…
Found in Robotics News & Content, with a score of 0.46
…one of 21 winners of the Build Back Better Regional Challenge, which aims to boost economic recovery from the COVID-19 pandemic. The collaborative was awarded a $62.7 million grant to fund five regional projects focused on robotics adoption and commercialization and related workforce development. Together, these projects are designed to provide long-term opportunities for individuals, businesses, and communities in southwestern Pennsylvania to participate in its growing robotics and automation sector. The collaborative is led by a governing board co-chaired by Farnam Jahanian, president of Carnegie Mellon University, and Stefani Pashman, CEO of the Allegheny Conference on Community Development.
Found in Robotics News & Content, with a score of 0.30
…often pause before putting it into production. During the COVID-19 pandemic, we believe a lot of companies bought what they could because of supply chain challenges, knowing they might not need it right away. Another factor was that a lot of non-automotive customers are pretty new to robotics. They're figuring out how to successfully apply automation and get ROI [returns on investment]. It may take them a while to implement robotics, but as they get more comfortable, they'll eventually purchase more. Speaking of non-automotive robot usage, do you expect that to continue growing as a portion of total sales? Burnstein:…