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North American Tooling Spend Forecasted to Reach $8.3 Billion in 2025

Mold Making Technology

(HRI) recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. The analysis indicates automotive vendor tooling spend in North America will increase year-over-year at a rate of 13.4%, resulting in $8.3 Several key factors are driving up the tooling spend growth.

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Smart Eye Announces 4 New Breakthrough Design Wins for Automotive Interior Sensing AI

i4.0 today

Smart Eye, the leading developer of DMS software for the automotive industry, today announced a breakthrough order from a major Korean car manufacturer. The combination of driver monitoring and cabin monitoring software, known as automotive interior sensing, is the next step in the evolution of in-cabin sensing technologies.

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BMW testing Figure 01 humanoid at South Carolina automotive plant

Robotics Business Review

Source: Figure AI The interest in humanoid robots continues to gain steam. BMW said its Spartanburg facility is the largest automotive exporter in the U.S., And China wants in on the action, saying it will mass-produce humanoids by 2025. STR is an AMR optimized for intralogistics work in BMW’s automotive factories.

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North American Tooling Spend Forecasted to Reach $8.3 Billion in 2025

Fabricating & Metal Work

(HRI), a leading authority to the manufacturing industry, recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. The analysis indicates automotive vendor tooling spend in North America will increase year-over-year at a rate of 13.4% resulting in $8.3B

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US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy

Frost & Sullivan Manufacturing

Under guidance released in April by the US Department of Treasury following the Inflation Reduction Act, effective April 18, 2023, only EVs that fulfill specific mineral sourcing and battery pack content requirements will qualify for tax credits. Subject to a price cap (i.e.,

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2023 robot orders down 30% from 2022 in North America, according to A3

Robotics Business Review

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.

Robotics 101
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IFR: world sets record for operational robots in 2022

Robotics Business Review

Source: IFR South Korea was the most automated country by robot density in 2022, according to the IFR. Its economy benefits from two large robot buyers, as well as a strong electronics industry and automotive industry. The country also said it planned to mass-produce humanoid robots by 2025. However, in 2021 the U.S.

Robotics 130