Industrial Logistics Robots market will expand at a healthy CAGR during the forecast period and will be worth US$30 billion by 2020.
Li Liuxi and Chen Na for Caixin Online: Local governments pumped hundreds of millions of yuan into the robotics industry in the first half of the year, helping to boost profits by as much as 60 percent in those companies rushing to take advantage of the generosity.
With strong support from Beijing, China has embarked on a robot-building frenzy in the last two years in an effort to move beyond traditional manufacturing. But as often happens in industries targeted for development, poorly designed incentive programs often lead to abuse that results in millions of dollars in wasted funds.
Similar waste in China's electric-vehicle and renewable-energy sectors has led to the buildup of huge new capacity that is sometimes unusable or of such low quality that no market exists for the products.
In the case of robotics makers, Caixin found government funding made up a large portion of profits for a dozen manufactures listed in Shanghai, Shenzhen and Beijing in the first six months of this year. Cont'd...
Kazu Komoto for ReadWrite: The robotic industries have been one of the hottest topics worldwide since there has been progressing from the traditional manufacturing applications to the non-manufacturing applications such as service industry. Like other industries, startups in US Bay Area cover the whole area of the San Francisco-Silicon Valley has led the innovation. You have heard Savioke developing a butler robot for the hotel industry, Fetch Robotics developing a picking and transport robot for logistics that is also well known as Softbank has invested, and Suitable Technologies which has created a telepresence market.
In such robotics community in Bay Area, a group which has been recognized and respected is Willow Garage. There is a common point that all founders of companies mentioned above used to work for Willow Garage. Today, we are going to have a close look at Willow Garage, which is said: “Willow Garage in robotics industry is something like Bell Labs and Xerox Parc in the personal computer industry.” Cont'd...
IMTS - ABB to bring the "Factory of the Future" to life with latest robotics technologies at IMTS 2016
Quanergy Acquires OTUS People Tracker Software from Raytheon BBN Technologies to Strengthen its Position as Complete LiDAR Solution Provider
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