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Source: Brett Adcock via LinkedIn Humanoid robots are starting to move from development and trials to commercial use. In August 2024, Figure AI said that BMW Group had tested Figure 02 for handling fitted sheet-metal parts on its automotive production line for two weeks in Spartanburg, S.C. Figure AI Inc.
Source: Standard Bots Standard Bots yesterday unveiled a new robot and announced that it has expanded its production facility in Glen Cove, N.Y. The IFR’s latest numbers show that total installations of industrial robots in the automotive industry increased by 10.7%, reaching 13,700 units in 2024. While the U.S.
Source: A3 After two years of record sales, North American robot orders declined by 30% in 2023, said the latest report from the Association for Advancing Automation, or A3. The organization said it expects the slowdown, particularly in automotive manufacturing, to continue until the second half of 2024.
Source: Figure AI The interest in humanoid robots continues to gain steam. This is an impressive milestone for Figure, which was founded in 2022 and exited stealth in early 2023. BMW said its Spartanburg facility is the largest automotive exporter in the U.S., Sunnyvale, Calif.-based and it has assembled more than 6.3
Founded in 2022, Mytras system has already been deployed by major companies, including Albertsons, a leading American grocery business. Their domain knowledge of logistics and large-scale automation has helped Mytra design a product that directly addresses the inefficiencies they experienced firsthand in modern warehouses. million lbs.
Comau is expanding from automotive manufacturing to logistics applications such as pick and place. Source: Comau If change is constant in technology, even established industrial automation providers must adapt to keep up. In March, Intrinsic co-founded the Open Source Robotics Alliance ( OSRA ). million by 2029.
Source: Watch Out Manufacturers face widespread shortages of skilled labor, but more intelligent automation could alleviate the problem, according to Watch Out. Watch Out offers machining cells that use patented sensors and machine learning for precision manufacturing in aerospace and defense, automotive, medical, and other industries.
Source: Serve Robotics Serve Robotics Inc. Aurora, Ontario-based Magna is one of the world’s largest automotive suppliers. 20, under which Serve granted the company a non-exclusive license to its technologies and expertise, enabling Magna to further develop new products in the robotics and logistics space.
Source: Cyngn Cyngn Inc. ” Founded in 2013, Cyngn develops and deploys autonomous vehicle technology for industries such as automotive manufacturing and logistics. . ” Founded in 2013, Cyngn develops and deploys autonomous vehicle technology for industries such as automotive manufacturing and logistics.
By Benson Augustine, Program Manager – Mobility The global automotive aftermarket is witnessing a paradigm shift as circular economy initiatives gain momentum. Revenues of the global remanufactured automotive components market are projected to rise from $27 billion in 2022 to $42 billion by 2030.
Source: IFR The International Federation of Robotics, or IFR, today listed its picks for the top five global robotics trends of this year. million units in 2022. million units in 2022. In its latest release , the federation cited some different trends than it had for 2022 and 2023. million (U.S.),
We covered 25 acquisitions in 2023, which was down significantly from the 50 we covered in 2022. Here’s a look back at the notable acquisitions of 2022 and 2021. Note that there’s one major acquisition still pending from 2022. Amazon announced in August 2022 its intent to acquire iRobot for $1.7
Conventional engine, transmission, and affiliated components will represent immediate high-growth opportunities in the automotive aftermarket, while the transition to vehicle electrification will drive investments in electric vehicle (EV) related remanufacturing.
By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus.
Q2 2022 Revenues of $429 million, up 22% from Q2 2021. Q2 2022 GAAP EPS of $0.08 YTD 2022 Revenues of $847 million, up 19% from YTD 2021. NASDAQ: PKOH) today announced its results for the second quarter of 2022. million in the second quarter of 2022, an increase of 22% from $350.0 Net sales were $428.6
This has made many large companies aware of the weaknesses of the current business model where manufacturing is outsourced, and global logistics is heavily needed. Source: IDTechEx. fold increase in demand for logistics and delivery robots and a 6.8-fold Source: IDTechEx. For example, IDTechEx predicts an 8.8-fold
To continue pure research, Hyundai founded the Boston Dynamics AI Institute in 2022. Source: Boston Dynamics “Everything we understood, from the time of launching Spot as a prototype to it being a reliable product deployed in fleets, is going into the new Atlas,” Playter said. ” Atlas is humanoid — to a point.
The Würth Group, the global market leader in the development, production and sale of assembly and fastening materials, once again proved its competitive strength and stability in the 2022 fiscal year: The globally operating Group based in Künzelsau, Germany achieved new record results. billion in the 2022 fiscal year. Content Source:
At the Perth launch in October, 2022 Richard Elving, Markforged’s senior director for Asia Pacific, said the parlous state of global logistics made it imperative for Australian manufacturers to become more self-sufficient. The benefits of thinking outside the traditional manufacturing box can be seen all around the world.
Kishore Jayaraman, President, Rolls-Royce, India & South Asia When: Friday, 9 th December 2022 Aerospace Industry Leader on Green Technologies. At 2022’s Egypt conference, signatories affirmed the pledge. When: Saturday, 10th December 2022. When: Monday, 12 December 2022. degrees Celsius above preindustrial levels.
End-of-life business models view value extraction from used batteries through two lenses: one, recycling for material recovery, and two, reuse in automotive and energy storage applications. In short, it will underpin comprehensive, long-term sustainability across the xEV environment.
Paul Wiseman | Nov 10, 2022 | IEN. Bill Koenig | Nov 10, 2022 | SME. Respondents were in industries including machinery, electrical equipment, aerospace, and automotive. Manufacturing Tomorrow | Nov 9, 2022 | Manufacturing Tomorrow. Ryan Secard | Nov 4, 2022 | Industry Week. Consumer Inflation Eased to 7.7%
Residential construction and automotive manufacturing have shown weakness as buyers take a wait-and-see approach. Some subsectors of industrial services have experienced depressed valuations as they struggle with cyclicality, inflation and supply chain shortages, sources tell Mergers & Acquisitions. It’s about supply and demand.
Source: Adapta Robotics Starting a robotics company is always challenging, as inventors and entrepreneurs scramble to get access to capital and tap the local talent pool. In 2022, Adapta became an independent brand. ” Then, we slowly saw similar needs in other industries like automotive manufacturing.
Source: LinkedIn As The Robot Report reported last October, one of the biggest autotech stories of the year was the stalling of Cruise after California’s Department of Motor Vehicles suspended its driverless testing license. We’ve done many pilots both in automotive, as well as the commercial space,” she said.
This business area of CSS generated sales of USD 15 million in 2022 with about 20 employees. About SFS Group SFS is a worldwide leading supplier of precision components and assemblies, mechanical fastening systems, quality tools and logistics solutions. Since it was founded in 1985, Connective Systems & Supply, Inc.
or Sanctuary AI, is entering a new strategic partnership with automotive components supplier Magna International Inc. Aurora, Ontario-based Magna has been an investor in Sanctuary AI since 2021, and it acquired autonomous vehicle startup Optimus Ride in 2022. The company acquired the latest assets from Giant.AI and Tangible Research.
Source: Adobe Stock 2023 was a year of great change within the robotics industry. ” Robots get out of the warehouse and into new roles Robots have come a long way from being used almost exclusively for automotive manufacturing. 2024 could be a year of building robotics momentum.
Zug, November 29, 2022. The company supplies industrial segments such as automotive, energy, agriculture, and appliances with innovative fastening solutions, and generates annual sales of around USD 25 million with 30 employees. and logistic services. Content Source: RELATED CONTENT: The Bossard Group has acquired Jeveka.
At the Perth launch in October 2022 Richard Elving, Markforged’s Senior Director, Asia Pacific, said the parlous state of global logistics made it imperative for Australian manufacturers to become more self-sufficient. . The benefits of thinking outside the traditional manufacturing box can be seen all around the world.
To learn more, please access: Growth Opportunities in China’s Electric Vehicle Industry, 2024-2030 , Strategic Profile of BYD , ASEAN Automotive Market Outlook, 2024 , or contact sathyanarayanak@frost.com for information on a private briefing. In 2022, just three operators—NIO, Aulton, and Botan—dominated the market.
In 2022, they started mass production of Australia’s first plastic-free wet wipes at their Adelaide facility. Their materials Despite some global fabric sourcing, Hygiene Co. s mission to prioritise sustainability and local sourcing. s mission to prioritise sustainability and local sourcing. The Hygiene Co. Hygiene Co.
As many companies globally commit to net-zero and science-based targets, the industry’s focus is gradually shifting from responsible sourcing, onsite recycling, and alternative energy solutions to tackling emission reduction across the value chain.
RTT is expected to offer spodumene producers a single off-take option by providing feedstock to Rock Tech, which intends to supply lithium to customers in the European automotive sector. ” RTT will be a 50/50 joint venture company to be based in Geneva, Switzerland, which is expected to be formed end 2022.
The acquisition is an important part of Bulten’s strategy, which aims for growth outside of the company’s primary customer group of automotive, and to improve risk diversification, as well as margins. Net sales in 2022 totaled SEK 4,474 million. The aim is for these to account for at least 20% of sales by 2025.
| Credit: Foxconn Intrinsic using Isaac Manipulator to simulate robot gripping Alphabet software and AI robotics subsidiary Intrinsic, which purchased Open Source Robotics Corporation in late 2022 , tested Isaac Manipulator on its robot-agnostic software platform.
We help companies of all sizes and sectors – from automotive to electronics and logistics – become more resilient, flexible and efficient. ABB Robotics & Discrete Automation supports customers in the transition towards the connected and collaborative factory of the future.
That drop came from a 1-cent downward move for polymer-grade propylene feedstock and from buyers taking back 3 cents in margin, according to market sources contacted by Plastics News. Regional PP prices finished 2022 with a net decline of 42 cents. Regional PVC prices finished 2022 down a net of 31 cents. near Pittsburgh.
Brakes India is a leading automotive component supplier both to the domestic Indian market and to global markets. How has the automotive and the allied auto components sector, both in India and globally, transformed over the last couple of years? disruption in the automotive industry. There is massive C.A.S.E
The distribution and manufacturing center is the newest in a series of expansions by Shannon Precision Fastener, which manufactures precision engineered fasteners primarily for automotive OEM’s that include powertrain, chassis, and safety critical applications.
The convergence trend started in 2022 and is projected to continue over the next 2 to 3 years. Last-mile delivery fleets are open to exploring innovative financing business models, such as leasing and subscription, with many preferring to use e2Ws for their logistics operations.
The company’s wear parts and cutting tools are used in sectors such as mechanical engineering and toolmaking, the automotive and aerospace industries, medical industries, and oil and gas industries. CERATIZIT’s ultra-modern logistics and supply chain systems mean that the tools are delivered to customers in next to no time.
Since 2022, the Würth brand has been featured at the international matches of the German men’s national team, the women’s national team, and the U21 team. Soccer: Würth is an official partner of the German Football Association (DFB). www.fastenal.com.
from 2022, with demand coming from a variety of industries including retail, healthcare, food and beverage, automotive and logistics. In fact, by 2025 5G connections in North America are expected to grow to 410 million, said Statista [with around 200 million in 2023, according to multiple sources].
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