Robotics Business Review

JUNE 14, 2024

Source: Interact Analysis Overall global industrial robot shipment volumes exceeded 500,000 units in 2023, Interact Analysis reports. The global market research firm says the industry is starting to bounce back from a 2023 low point. The market saw record highs in 2021, and lows in revenues and shipments in 2023.

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Robotics Business Review

JANUARY 3, 2024

Robotics investments reached about $418 million in November 2023 as a result of 40 funding rounds. November’s $418 million was the lowest monthly funding amount through the first 11 months of 2023. With the November investments, robotics funding for the first 11 months of 2023 totals approximately $12.1

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Manufacturer's Monthly

OCTOBER 31, 2024

Compared to standard aircraft, the Vertiia needs fewer parts and uses cheaper low-emissions energy sources. The Sydney-based aviation company achieved its first tethered test flight in 2023. AMSL Aero has raised more than $50 million from private and government sources and employs around 60 people in its operations.

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Robotics Business Review

JANUARY 8, 2025

Source: RoboForce RoboForce on Monday emerged from stealth with $10 million in early-stage funding. Founded in 2023, RoboForce’s team is made up of tech leaders from CMU Robotics, Michigan Robotics, Amazon Robotics, Tesla Robotics, Google, Waymo, Apple, and Microsoft. million in 2023. It will grow at a CAGR of 23.9%

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Robotics Business Review

JANUARY 31, 2024

Teradyne’s robotics group generated $375 million in revenue in fiscal 2023. Universal Robots (UR) generated $304 million in revenue in 2023. The fourth quarter of 2023 was UR’s largest revenue quarter ever. Source: Universal Robots UR said 30% of its revenue in the fourth quarter came from the UR20 and UR30.

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Robotics Business Review

DECEMBER 28, 2023

2023 has been full of exciting innovations within the robotics industry. As 2023 comes to an end, let’s look back at some of the biggest trends in the robotics industry this year. As 2023 comes to an end, let’s look back at some of the biggest trends in the robotics industry this year.

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Robotics Business Review

DECEMBER 26, 2023

We covered 25 acquisitions in 2023, which was down significantly from the 50 we covered in 2022. Below are eight robotics acquisitions, in chronological order, that stood out to us in 2023. In late November 2023, the European Commission shared an update on its investigation into the deal. Ocado paid roughly 2.8% Not a bad start.

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Robotics Business Review

DECEMBER 31, 2024

Source: Rainbow Robotics Samsung Electronics Co. More recently, Rainbow in 2023 opened a branch office in Schaumburg, Ill., The RB-Y1 dual-armed mobile manipulator was announced this year. today announced that it is increasing its stake in Rainbow Robotics to 35% to accelerate the development of robots such as humanoids.

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Robotics Business Review

DECEMBER 4, 2024

Source: Adobe Stock A study at the Hospital for Special Surgery, or HSS, comparing robot-assisted navigation to the use of augmented reality in spinal surgery found that both techniques demonstrate excellent accuracy and safety for pedicle screw placement. More than 1.2 million spinal surgeries are performed in the U.S. Apply to speak.

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Robotics Business Review

FEBRUARY 12, 2024

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. These 2023 robot orders were divided almost equally among automotive (15,723 robots sold) and non-automotive companies (15,436 robots sold).

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Robotics Business Review

FEBRUARY 6, 2024

Source: Cruise Autonomous vehicle (AV) companies, with the proper permits, drove 9,068,861 test miles in autonomous mode from Dec. 2023, according to the California Department of Motor Vehicles (DMV). AV companies reported 6,570 disengagements in 2023, with three companies, AutoX, Cruise, and Mercedes-Benz, reporting none.

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Robotics Business Review

DECEMBER 30, 2024

Source: AgiBot Robot training, especially for emerging humanoids for diverse environments or applications, requires a lot of high-quality data. The open-source platform invited researchers and practitioners “to collaboratively shape the future of embodied AI.” ” Register today to save 40% on conference passes!

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Modern Machine Shop

APRIL 13, 2025

Source: Gardner Intelligence The Metalworking Index rose above 50 in March to indicate market expansion for the first time since February 2023. A reading above 50 indicates expansion, and below 50 indicates contraction. The reading of 50.7 now makes six consecutive months of improving conditions for the metalworking sector.

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Robotics Business Review

DECEMBER 23, 2023

Source: NVIDIA Outside the glare of the klieg lights that ChatGPT commanded this past year, a troupe of autonomous machines nudged forward the frontiers of robotics, according to NVIDIA. Here are six that showed promise, swimming, diving, gripping, seeing, strolling and flying through 2023. Goran Vuksic with his AI-powered droid.

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Manufacturer's Monthly

NOVEMBER 24, 2024

Image: Ryan/stock.adobe.com The evolution of Australia’s defence expenditure from 1949 to 2023 reveals a story of growth, with recent years showing increases. By 2023, defence expenditure had soared to over $50 billion, and, according to SIPRI, Australia was ranked 13th in global military expenditures during this time frame.

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Cisco Industrial Automation

SEPTEMBER 14, 2022

Industry research shows that by 2023, 30% of manufacturers will enhance their shop floor digital twin with real-time signal transponder data, leading to an 80% reduction in logistic bottlenecks in shop floor and storage areas – Source: IDC FutureScape: Worldwide Manufacturing 2021.

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Bottleneck Value chain Supply Chain Sourcing 270

Robotics Business Review

NOVEMBER 20, 2024

Robot density in the manufacturing industry in 2023, according to the IFR. Source: IFR Factories worldwide are continuing to adopt more robots, according to the International Federation of Robotics, or IFR. The economies of Korea, Singapore, mainland China, and Japan were among the top ten most automated countries in 2023.

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Robotics Business Review

NOVEMBER 14, 2024

Source: Schindler Group LOXO AG today opened its first international subsidiary in Munich, Germany. billion in 2023 and projected to surpass $504 billion by 2032, has enormous untapped potential,” asserted LOXO. LOXO’s Migronomous delivery service demonstrated the Alpha self-driving vehicle.

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Robotics Business Review

DECEMBER 2, 2024

Source: Universal Field Robotics Sandvik AB today said it has acquired Universal Field Robots, or UFR, a developer of autonomous systems for the surface and underground mining markets. As of 2023, the company had about 41,000 employees, sales in 170 countries, and revenue of SEK 127 billion ($11.5 billion U.S.). Apply to speak.

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Robotics Business Review

JANUARY 9, 2025

Source: MassRobotics MassRobotics has announced the fourth cohort of its Healthcare Robotics Startup Catalyst Program, marking a record-breaking year with an unprecedented number of applicants. Members of the 2023 Healthcare Robotics Startup Catalyst Program at the Robotics Summit & Expo.

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Robotics Business Review

DECEMBER 10, 2024

Source: Cruise General Motors (GM) today announced that it will no longer fund Cruise LLC’s robotaxi deployment work. billion in 2023. However, the company faced a number of struggles in 2023, culminating in an Oct. In June, for example, GM invested another $850 million into the self-driving startup , despite it losing $3.48

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Robotics Business Review

DECEMBER 10, 2024

Source: Cruise General Motors Co. billion in 2023. Cruise fails to recover from 2023 road bumps When Cruise was most successful, it was running services in San Francisco, Austin, Houston, and Phoenix, and had plans to expand to more than a dozen cities in 2024.

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Gary Mintchell

AUGUST 26, 2024

We are continuing to observe a surge in ransomware and database leak activities,” said Callie Guenther, Senior Manager of Cyber Threat Research at Critical Start. “With bad actors becoming more sophisticated, it is vital for organizations to have a strong security culture and strategy in place. .”

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Robotics Business Review

DECEMBER 9, 2024

Source: Adobe Stock Interact Analysis reduced its forecast for the global mobile robot market by 18% in 2027 due to a series of macroeconomic factors it said are impacting demand. Source: Interact Analysis What’s holding back mobile robots?

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Robotics Business Review

JANUARY 19, 2025

Source: Robotics Factory The Robotics Factory has opened the application window for its Accelerate program. The creation of Journey Robotics was sparked by the founders participation in the Aviation and Robotics Summit in April 2023.

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Robotics Business Review

JANUARY 17, 2025

Source: Intuitive Surgical Intuitive Surgical Operations Inc. billion good for 17% growth compared to 2023. Da Vinci systems offer surgeons high-definition 3D vision, a magnified view, and robotic and computer assistance. Shares of the Sunnyvale, Calif.based company rose nearly 5% to $565 apiece in early morning trading on Jan.

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Robotics Business Review

MARCH 25, 2025

Source: IFR While other countries debate the best mix of public policy, academic research, and private investment to advance their economies, the People’s Republic of China is focusing on robotics. In 2023, China surpassed Germany and Japan in robot density, with 470 robots per 10,000 employees. Click here to enlarge.

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Robotics Business Review

APRIL 8, 2025

Source: Cyngn Cyngn Inc. “Since August 2023, we have secured 12 additional patents, reflecting our relentless pursuit of innovation in autonomous technology,” stated Lior Tal, CEO of Cyngn. US-11,851,074-B2 System and Methods of Large-Scale Autonomous Driving Validation 12/26/2023 18.

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Robotics Business Review

APRIL 17, 2025

Source: Nuro Nuro Inc. ” When combined with its other training data sources, the company said this new effort accelerates its mission to develop a safer, more capable autonomous vehicle ( AV ). The country began allowing Level 3 vehicles on roads in 2020, and Level 4 vehicles in 2023. This marks the Mountain View, Calif.-based

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E&T

MAY 8, 2024

A new report has found that for the first time 30% of electricity produced worldwide came from renewable energy sources, predominantly solar and wind.

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Robotics Business Review

SEPTEMBER 24, 2024

Source: IFR World Robotics The International Federation of Robotics’ latest World Robotics report recorded 4,281,585 units operating in factories worldwide in 2023. By region, 70% of all newly deployed robots in 2023 were installed in Asia, 17% in Europe, and 10% in the Americas. Japan, and China.

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Manufacturer's Monthly

DECEMBER 8, 2024

per cent reliability rating in 2023, this, made WTC a company with deep roots in Australian manufacturing and delivery performance since 1933 the natural choice for this critical component. Stanwell Power Stations impressive 99.7 WTCs involvement in this project highlights its pivotal role in Australias energy landscape.

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Manufacturer's Monthly

MARCH 17, 2025

Conception, production, commissioning and service all from one source. Images: Bone Following the acquisition of INMATEC by the BOGE Group, BOGE Compressors Australia has been supporting the Oceania region through its partner network for on-site gas generation projects since August 2023.

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Beverage Sourcing Manufacturing 79

Robotics Business Review

AUGUST 9, 2024

Multiple sources told The Robot Report a funding round fell through at the last minute, which caused the company to lay off its staff and close its doors. A big problem, according to multiple sources, is that robotics manufacturers have their own operating systems, many of which have become easier to use over the years. and elsewhere.”

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Robotics Business Review

APRIL 17, 2025

Source: ABB One of world’s top industrial automation providers is becoming more independent. Source: ABB ABB Robotics is global No. In 2023, ABB planned to spend $20 million to expand U.S. ABB Robotics makes industrial systems such as this IRB robot demonstrating friction stir welding. production. With 2024 revenues of $2.3

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Robotics Business Review

MARCH 12, 2024

Source: Foxglove Foxglove , a developer of robotics tools, has launched an updated version of its platform. End of open source edition Foxglove also announced it will discontinue the open-source edition of its Studio visualization tool. The company says Foxglove 2.0

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Robotics Business Review

NOVEMBER 3, 2024

The market for linear systems has surged over the past three years, with sales revenue growing from $237 million in 2020 to $488 million in 2023. Planar technology is still in its trial period, generating sales of nearly $20 million in 2023. By 2029, sales of linear systems could exceed $1.1

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