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IFR World Robotics report says 4M robots are operating in factories globally

Robotics Business Review

Source: IFR World Robotics The International Federation of Robotics’ latest World Robotics report recorded 4,281,585 units operating in factories worldwide in 2023. It expects growth to accelerate in 2025 and continue in 2026 and 2027. Source: IFR China is by far the world’s largest market for automation. In the U.K.,

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Zoox issues voluntary software recall for 258 vehicles

Robotics Business Review

Source: Zoox Zoox Inc. Zooxs purpose-built robotaxis dont have traditional manual controls. last week filed a Part 573 Safety Recall Report with the National Highway Traffic Safety Administration, or NHTSA. The company provides over 200,000 paid trips per week across its deployments in San Francisco, Phoenix, Los Angeles, and Austin.

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CynLr raises Series A funding to realize robot vision for ‘universal factory’

Robotics Business Review

Source: CynLr CynLr, or Cybernetics Laboratory, today said it has raised $10 million in Series A funding. Source: CynLr Investors support universal factory concept Pavestone, Grow X Ventures, and Athera Ventures (formerly Inventus India) led CynLr’s Series A round, which brings its total funding over two rounds to $15.2

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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 Photo Credit: Getty Images. Harbour Results Inc.

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Waymo to expand robotaxi services to Washington, D.C., next year

Robotics Business Review

Source: Waymo Waymo LLC is officially bringing its robotaxi services to Washington, D.C., Waymo has tested its autonomous driving system in 15 states and on millions of miles of public roads.

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Spotlight on ACMA Automechanika New Delhi 2024 as Indian Automotive Aftermarket Pushes to Emerge a Hub of Global Component Manufacturing

Frost & Sullivan Manufacturing

Highlights of flagship automotive aftermarket trade event include more than 500 exhibitors, 1000 brands,1500 product categories, and strong domestic, regional, and international representation amidst focus on mobility ecosystem development and growth acceleration. lakh registered visitors. Roger Motors Pvt Ltd., and many, many more.

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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.,