Found in Robotics News & Content, with a score of 9.14
September 13, 2023
…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 12.71
September 06, 2023
…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 7.28
August 23, 2023
…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 14.06
August 15, 2023
…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 9.15
July 27, 2023
…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 39.98
July 02, 2023
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…
Found in Robotics News & Content, with a score of 9.98
May 31, 2023
…factories and warehouses,” said Ash Sharma, managing director at Interact Analysis. “It continues to innovate and has helped the industry to grow from a fledgling industry to what is now a multi-billion-dollar sector with AMRs deployed in thousands of buildings around the world.” Jean-Pierre Hathout, president of Mobile Industrial Robots (MiR), said in a press release that customers are now transitioning from using AMRs in pilots to using them 24/7 in production applications, with MiR leading that transition. “In the first 10 years of MiR’s history, we led the industry with innovative AMRs as we scaled globally with our customers,”…
Found in Robotics News & Content, with a score of 12.85
May 08, 2023
…Saad, general partner, Cybernetix Ventures Ash Sharma, managing director, Interact Analysis Oliver Mitchell, partner, ff Venture Capital Did this come as a surprise to you? If not, why not? Saad: In a sense, yes, but M&A in the space is not surprising at all, and we should actually expect more of that in the coming 12 to 18 months. Sharma: Partly. What’s not surprising is that a mobile robot company has been acquired. I was asked about the vendor base a lot at ProMat, and I’ve been saying that acquisitions will come mostly from external companies – like major retailers,…
Found in Robotics News & Content, with a score of 7.61
April 04, 2023
…warehouse automation market could expand to $69 billion, projected Interact Analysis. “The following data will help us understand the drivers, barriers and financial considerations of adopting automation,” stated Vecna. “In addition, the data informs how to achieve automation at scale to offset increasing product demand and global supply chain disruptions while keeping existing workers happy. To deploy or not to deploy, that is the question As the materials handling space faces a multitude of problems, companies are turning to automation to help, with 85% of respondents planning to deploy some form of automation in the next 12 months, said Vecna…
Found in Robotics News & Content, with a score of 17.22
March 17, 2023
…recent projections from Gartner Inc. analyst Dwight Klappich and Interact Analysis analyst Rueben Scriven. Gartner also said that by 2026, more than half of companies using intralogistics robots will use a multiagent orchestration platform containing an open API control multi-vendor fleets. GreyOrange claimed that GreyMatter is just such a platform to equip companies for solutions to future problems. It can respond to customer orders, make assignments, and balance workloads in real time according to fulfillment needs, said the company. In the ProMat session on “Demystifying Fulfillment Automation,” GreyOrange will describe next steps for business leaders interested in investing in and…
Found in Robotics News & Content, with a score of 42.13
December 23, 2022
Earlier this month, research firm Interact Analysis released a new report outlining mobile robot sales for 2021. The firm found that global sales of mobile robots jumped more than 70% in 2021, topping 100,000 units for the year. The report focused on “material handling applications in manufacturing and logistics environments,” it said. “Despite the market for mobile robot technology being well established, it is not yet close to reaching saturation, with new applications and opportunities continuing to emerge,” said Interact Analysis. “The manufacturing industry is expected to continue to drive growth, as the market rebounds from the effects of Covid…
Found in Robotics News & Content, with a score of 12.67
November 30, 2022
…ground according to the recent Mobile Robot Report from Interact Analysis. However, in the British manufacturing industry, many manufacturers in the automotive industry still rely on manual tuggers to tow small loads from warehouse to manufacturing, even though these are not very cost-efficient and involve a lot of manual material handling. “The United Kingdom has a strong manufacturing industry that has low annual robot installation counts,” according to Milton Guerry, president of the International Federation of Robotics. “The automotive and also general industry markets need to invest in automation technology to keep up with international competitors.” About the author Malene…
