This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In early 2021, for example, Accenture acquired Pollux , a provider of industrial robotics and automation. Eclipse Automation creates automated manufacturing systems for life sciences, industrial equipment, automotive, energy and consumer goods companies. This was Accenture’s first acquisition of the kind.
BMW said its Spartanburg facility is the largest automotive exporter in the U.S., It won a 2021 RBR50 Robotics Innovation Award for the launch of Munich, Germany-based subsidiary IDEALworks, which stands for Industry-Driven Engineering for Autonomous Logistics. and it has assembled more than 6.3
Specializing in roll forming, stamping, laser welding and more, Advanced Vehicle Assemblies, LLC creates efficient products and solutions for the automotive industry. Founded in 2021, AVA has expanded significantly and now ships approximately 52.2 million parts annually.
Most IP forms are stored as IP-rich data via digital mediums, including cloud platforms, servers, and laptops. The largest manufacturing companies globally remain a mix of petroleum refining, mining, electronics, and automotive. Despite this, the automotive market is not dominant in digital transformation expenditure.
Comau continues shift beyond automotive Founded in 1973, Comau specializes in industrial automation and advanced robotics. This operation is consistent with Comau’s strategic plan, which aims to expand its business beyond the automotive sector, targeting the global demand growth for industrial automation.” Register now and save.
North American companies purchased 31,159 robots in 2023, compared with 44,196 ordered in 2022 and 39,708 in 2021. Robot sales to non-automotive companies increase: While overall orders decreased during Q1 2024, orders from non-automotive companies grew 16% over Q1 2023, A3 said.
The electric vehicle (EV) market in India had a stellar 2021 with sales more than doubling over the previous year. Our “ Global Two-wheeler Outlook, 2021 ” study was accompanied by the caption: “Strategic Partnering to Boost Two-wheeler Growth after COVID-19.” Our Perspective. Late last month, Borqs Technologies Inc. 10,000 to ?15,000
The USMTO data, which is released the second Monday of each month, contains data on orders of metal-cutting and metal-forming equipment; however, participants in the survey also have access to data on other manufacturing technology, which contains products such as robotics, additive, filtration and cleaning equipment, as well as metrology.
Boxhead Plastics is an Australian-owned not-for-profit social enterprise that exists to support the automotive industry to divert more of its plastic waste from landfill. It is the pioneer of a process that repurposes polypropylene car bumper bars into clever, useful products from Australia’s growing pile of automotive plastic waste.
Here Simone Bruckner, managing director of automotive resistor manufacturer Cressall Resistors, investigates the role of resistors in unleashing hydrogen’s potential. This form is more environmentally damaging than grey hydrogen, although it’s less common. Across the globe, the hydrogen market is developing in leaps and bounds.
After a subdued, pandemic-affected 2020, the global automotive aftermarket bounced back in 2021. over 2021-2022. Marking a Comeback in 2021. In 2021, supply chain disruptions triggered higher raw material and finished goods prices, while pressurizing margins in the aftermarket.
From an aftersales perspective, retail partners will form the backbone of the service network, with additional geographical coverage provided by hand-picked Bosch Car Service outlets. We acquired the Hambach factory from Mercedes-Benz in January 2021. Gary Pearson, Head of Sales & Marketing UK, MENA at INEOS Automotive.
Schaeffler, a leading global automotive and industrial supplier, was recently awarded the Red Dot: Best of the Best award for its Dual EXtendable (DEX), the Autonomous Mobile Robot (AMR) project in the Red Dot Design Award under the Design Concept category. billion in 2021. Media Release by Schaeffler Group.
London expanded its ultra-low emission zone in late 2021 and subsequently raised an estimated £93.6m In 2021/22, drivers paid £33bn in fuel duty and vehicle excise duty, but the government spent only £5.4bn on national roads and £6.4bn on local roads in the same period. of additional revenue over the following year.
“Each mobile robot, equipped with vision and AI, scans a unique part of the building; collectively these robots complement each other’s view to form a complete map, enabling them to work autonomously in a rapidly changing environment.”
Freeform optics, as their name implies, are free from any constraints of symmetry in their form and shape. The additive manufacturing, moulding and vacuum coating capabilities of the partners enable commercial production of the developed product.
ABB had invested in Sevensense in 2021, the same year it acquired ASTI Mobile Robotics for $190 million. Collectively, these robots complement each other’s view to form a complete map, enabling them to work autonomously in a rapidly changing environment.” Ford and Michelin trialed ABB AMRs using Sevensense VSLAM. and Germany.”
For instance, it successfully tapped into the demand for long-term rentals, reporting an over 41% increase in the booking of long-term rentals in 2021. Schedule your Growth Pipeline Dialog™ with the Frost & Sullivan team to form a strategy and act upon growth opportunities: [link].
Over Q1-Q3, 2021, Tesla had an estimated 2.1 It will also have to fend off government-supported IAMs in major automotive markets. Schedule your Growth Pipeline Dialog™ with the Frost & Sullivan team to form a strategy and act upon growth opportunities: [link]. Tesla Vehicle Population, Global, 2010-2020.
The spinoff of Comau is part of the strategic agreement set during the merger between former FCA and Groupe PSA in January 2021 that formed Stellantis N.V. “In
The services will use driverless Jaguar I-Pace SUVs equipped with the Waymo Driver – company’s self-driving system, to provide services between Sky Harbor International Airport, the US’ ninth busiest airport, and downtown areas of Phoenix, the country’s fifth-largest and fastest-growing big city of 2021.
In 2021, the automotive industry witnessed a flood of Special Purpose Acquisition Company (SPAC) deals totaling more than $16 billion, highlighting how SPAC mergers have become the go-to strategy for tech companies and start-ups looking to fast track their way to a public offering. Is the Sheen Wearing Off? Final Word.
However, the share of business held by commercial and industrial electric motor vendors is being threatened by the automotive sector in the wake of electric vehicles. The process which takes place after crude steel is formed dictates the kinds of things the material can be used for. In 2021, 21.2 In 2021, 21.2
Young, a Metro Detroit native who spent the early part of his career working in finance and purchasing at several automotive suppliers, recalled working briefly with a company called Plex while at a previous position, so he asked Nathan Wisch, Delta Mold IT director, to add them to the list of companies being considered. .”
The recent partnership between German auto giant, BMW, and leading cloud computing solutions provider Amazon Web Services (AWS) underlines the critical need for effectively handling, processing, managing, and protecting vehicle data at a time when the automotive ecosystem is being transformed by C.A.S.E. Source: Frost & Sullivan, 2022.
Leading US-based automotive supplier BorgWarner is amping up its electrification journey – encapsulated in the “Charging Forward” initiative – and its commitment to sustainable mobility solutions. Schedule your Growth Pipeline Dialog™ with the Frost & Sullivan team to form a strategy and act upon growth opportunities: [link].
The automotive industry was severely hit by the pandemic, with a 13.6% In 2020, new electric car sales grew by 40% from 2019 levels, and by 2021, global EV sales reached around 6.5 Europe, is followed by China, where electric cars captured a 15% share of new car sales as of 2021. as of 2021.
“Each mobile robot, equipped with vision and AI, scans a unique part of the building; collectively these robots complement each other’s view to form a complete map, enabling them to work autonomously in a rapidly changing environment.” Other automotive manufacturers will roll out the technology in the UK, Finland and Germany.
Automakers and their suppliers have long been participants in unfair trade investigations before the International Trade Commission (“ITC”), but the scope and subject matter of automotive-related investigations is evolving. § 1337) authorizes the ITC to issue an injunction in the form of an exclusion order. 337-TA-928.
Since then, we have tracked over twenty major mergers and acquisitions involving major players like Cox Automotive, Arval, Cazoo, Leasys, Intel, and others. A major consolidation wave began with Hertz selling Donlen to Athene Holding in April 2021. What is motivating such consolidation trends?
Automotive lighting is one of the most exciting and technology-heavy areas of today’s passenger vehicles. Both forward and rear automotive lighting have become far more compact, complex, multifunctional, feature-rich, durable and energy efficient. Photo Credit: SPE Automotive Div. Photo Credit: General Motors Co.
Turns out Volkswagen’s infamous “Dieselgate” was not deterrent enough, and Fiat Chrysler Automobiles (FCA) has become the latest automotive company to be indicted for attempting to cheat its way past emissions testing regulations. The judgment comes after FCA merged with French Peugeot maker PSA in 2021 to form Stellantis.
Zeekr has a more recent pedigree – it was started only in 2021 – and targets a younger, more tech-forward, customer cohort. To learn more, please access our research report, China Automotive Growth Outlook, 2022 , or contact sathyanarayanak@frost.com for information on a private briefing. Over 2020-2021, EVs experienced a 167.4%
As I mentioned earlier, liquid can form under load and transmit forces in all directions, but it doesn’t return. And then, we do quite a bit of work within the automotive industry, mostly for protecting sensitive equipment that’s used on different vehicles. We were on allocations nearly all the way through 2021.
Backed by soaring consumer demand (51 per cent of Chinese consumer respondents expect to buy an EV as their next vehicle) and widespread charging infrastructure (by 2021, China had deployed 41 per cent of all DC fast chargers), China continues to be the largest EV market globally in absolute volume terms.
Q2 2022 Revenues of $429 million, up 22% from Q2 2021. compared to a loss of $(0.44) in Q2 2021; Adjusted EPS of $0.21, up from a loss of $(0.33) in Q2 2021. YTD 2022 Revenues of $847 million, up 19% from YTD 2021. in YTD 2021; Adjusted EPS of $0.94, up from $0.20 in YTD 2021. in YTD 2021.
million in 2021, accounting for around a 9% share of the global automotive market. Simultaneously, Saudi Arabia’s fledgling EV market is slowly gaining traction as consumers look to less polluting, more environmentally-friendly forms of transport. The IEA states that global EV sales doubled to nearly 6.6
billion are well above the previous year’s figure (2021: EUR 17.06 The operating result rose from EUR 1,270 million in 2021 to EUR 1,500 million in 2022. “We billion (2021: EUR 6.94 billion (2021: EUR 10.12 Mechanical engineering and the automotive industry remain the sectors most affected by material shortages.
Siemens has also announced a memorandum of understanding for a strategic partnership with Automotive Cells Company (ACC) for electric vehicle battery cell production, based on the digital portfolio of Siemens Xcelerator. Digital revenue in fiscal 2021 stood at €5.6 It is about the convergence of software and hardware.
The GBI has been in positive territory almost since the beginning of 2017 (with a relatively short drop in the second half of 2019 followed by the COVID drop in 2020) and posted an all-time high in 2021. In terms of total spending, the next largest markets will be industrial machinery ($900M), aerospace ($600M), and automotive ($500M).
Mats Wennmo , Global Automotive Transmission Manager at the metal cutting specialist Sandvik Coromant , explains why power skiving is crucial for competitive manufacturing. million new EVs were registered in Europe in the first six months of 2021, compared to 413 during the first half of 2020. Meanwhile, Virta reports that 1.06
surge observed in 2021. in 2021 and 2022, respectively. in 2021 and 2022, respectively. However, it is improbable that new production will fully address the demand, except for instances involving new products or updated models, as seen in the automotive industry. Business-fixed investment spending experienced a modest 0.5%
They’re made of two forms of hardy plastic resins: thermosets and thermoplastics. The first forms an irreversible solid polymer that is most common and hardest to recycle, while the latter is considered simpler to remelt and recycle. Blades, on the other hand, are not.
To help meet incredibly tight time to market, Sodecia’s Global Tech and Automation Center (GTAC) applies principles from series production to its custom machinery for the notoriously demanding automotive industry. This automation group formed the base for what is now Sodecia GTAC, an automation division under the Sodecia umbrella.
We organize all of the trending information in your field so you don't have to. Join 45,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content