Found in Robotics News & Content, with a score of 12.21
…survey by CITE Research and Vecna Robotics. And while Interact Analysis projected the global warehouse automation market to expand to $69 billion by 2025, there are still obstacles to adopting automation at scale, including cost, return on investment (ROI), change management, and operational disruption, noted Vecna. “Executives in warehousing and distribution are telling us that they need to get automation projects approved, funded, and deployed more quickly,” said Craig Malloy, CEO of Vecna Robotics, in a release. “Instead of providing a standard SLA [service-level agreement], we’re flipping the script,” he added. “We believe that a performance guarantee on customers’ terms—along…
Found in Robotics News & Content, with a score of 12.73
…on the prospects for your brands? Rendall: According to Interact Analysis, the market for AMRs in manufacturing is expected to grow about 30% per year over the next five years, with an estimated market size of $6.2 billion by 2027. With mobile robots on the rise, and now having access to Rockwell’s extensive network and resources, OTTO Motors and Clearpath Robotics can accelerate product development roadmaps, investigate ways to expand global support, and grow our organization in a manner that continues to support new and existing customers more comprehensively. Rockwell also has substantial economies of scale; economies of scale which…
Found in Robotics News & Content, with a score of 14.77
…lead this technological transformation.” Founded in 2015, Geek+ said Interact Analysis has ranked it as a global leader in robotics for logistics. The Beijing-based company claimed that it has developed AMRs to realize flexible, reliable, and highly efficient automation for warehouses and supply chain management. More than 700 businesses around the world use Geek+ systems, said the company. With U.S. offices in San Diego, Calif., the company has over 1,500 employees, as well as facilities in Germany, the U.K., Japan, South Korea, China, and Singapore. Editor's note: Geek+ will be participating in the keynote session of the 2023 Robotics Applications…
Found in Robotics News & Content, with a score of 29.33
Geekplus Technology Co. today announced that research firm Interact Analysis has named it as a global market leader autonomous mobile robots, or AMRs, for fulfillment. U.K.-based Interact Analysis cited both the continued growth of the warehouse industry and Geek+’s dominant position in both the order-fulfillment and AMR categories. The announcement of the new global market-share rankings from Interact Analysis placed Geek+ in the No. 1 spots for both order-fulfillment and mobile robots, marking the fifth year in a row where the company has been ranked first in AMRs. “These rankings show that our products, led by our shelf-to-person solutions, are…
Found in Robotics News & Content, with a score of 14.46
…2030, up from $236 million in 2022, according to Interact Analysis. To address this growing demand, Fizyr said it has partnered with top integrators to develop systems for “significant unmet needs.” “Working with Fizyr, integrators not only get the smartest, fastest, and most effective computer vision available to maximize robotic capabilities,” claimed the company, but “they [also] get a partner committed to collaboration and successful client outcomes, unrivaled pick-and-place robotics expertise, and a well-rounded approach to automation design and deployment.” Delft, Netherlands-based Fizyr said its vision-based AI is compatible with all major robotics systems on the market. It enables robots…
Found in Robotics News & Content, with a score of 9.80
…estimated size of $6.2 billion by 2027, according to Interact Analysis. AMR vendors are continuing to consolidate, with Rockwell Automation Inc. saying on Sept. 5 that it has signed a definitive agreement to acquire Clearpath Robotics Inc. “Transporting parts and materials to assembly lines and between manufacturing cells is one of the industry’s most complex and inefficient tasks, often resulting in production bottlenecks,” said Rockwell. “Autonomous production logistics will transform the workflow throughout a manufacturing plant, enabling substantial reductions in cost and greater operational efficiency.” “Autonomous mobile robots ... are the next frontier in industrial automation and transformation, and this…
Found in Robotics News & Content, with a score of 9.16
…its capabilities to supply the European market, whose shipments Interact Analysis predicted will experience a 7% compound annual growth rate (CAGR) through 2027. When the new campus is completed, ABB said it will have invested $450 million in its three robotics plants since 2018. That figure included its mega factory in Shanghai, which supplies customers in Asia, and its facility in Auburn Hills, Mich., which supports the Americas. “This is a great time to invest in robotics and automation,” said Sami Atiya, president of ABB’s Robotics & Discrete Automation Business Area. “This new campus is a significant part of our…
Found in Robotics News & Content, with a score of 12.73
…2030, up from $236 million in 2022, according to Interact Analysis. Fizyr claimed that its vision software offers “the smartest, fastest and most effective brain available to maximize robotic capabilities.” “Compatible with all major robotics systems on the market, Fizyr's vision-based AI enables robots to see, perceive, account for variances, learn, and perform more successfully than any other robotic software,” the company asserted. At LogiMAT in April, Fizyr showed how its systems enable robotic picking, sortation, and parcel induction. At Automatica in June, the company demonstrated with Zivid and The Gripper Company a picking cell that could handle transparent poly…
Found in Robotics News & Content, with a score of 7.29
…and volatile demand,” said Ash Sharma, managing firector at Interact Analysis. “Billions of dollars are being invested in implementing robots to help pick, move and sort goods through warehouses across the world,” he said. “Humanoid robotic solutions are the next step in the evolution of the industry as customers look for more flexible automation that can be used across multiple workflows.” Apptronik sets sights on terrestrial and space applications Apptronik said it eventually sees Apollo being used in construction, oil and gas, electronics production, retail, home delivery, elder care, and many other industries. It is continuing to support NASA in…
Found in Robotics News & Content, with a score of 14.07
…warehouse automation sector,” added Ash Sharma, managing director of Interact Analysis. “Locus' innovative approach to leveraging autonomous mobile robots underscores not only their strong growth trajectory, but also their significant contribution to reshaping the logistics landscape around the world.” Locus Robotics claimed that its commitment to excellence and customer satisfaction has earned it a growing customer base across e-commerce, healthcare, manufacturing, retail, and third-party logistics (3PL) providers. The company raised $117 million in Series F funding in November 2022, it completed more than 230 million picks during last year's holiday shopping peak, and DHL Supply Chain plans to deploy 5,000…
Found in Robotics News & Content, with a score of 9.17
…a total of 4 million installed units, according to Interact Analysis. In addition, the analyst firm predicted that revenue could grow by 30% to 40% annually between 2022 and 2027. With only 14% of warehouses having adopted at least one order-fulfillment AMR as of 2021, “the potential for futher expansion is significant,” said MOV.AI and Advantech. Advantech provides ruggedized hardware Founded in 1983, Advantech offers hardware, software, embedded systems, design services, systems integration, and global logistics support. The Taipei, Taiwan-based company has an office in Milpitas, Calif., and said it supports a wide range of applications and industries. Advantech said…
Found in Robotics News & Content, with a score of 40.06
New research by Interact Analysis shows the market for robotic picking is in the early stages of growth but presents huge potential. The market was worth $236 million in 2022, but by 2030 this will increase to $6.8 billion. Rising labor costs and supply chain constraints are likely to be key drivers for the market, as companies turn to automation to relieve operational pressures, the research firm added. The growth of e-commerce and warehouse automation is also expected to impact the market for robotic picking technology. There are currently very few suppliers to the robotic picking market and a low…