\"IFR is a unique international association having members from groups, companies and research institutes from around the world who are involved in robotics. IFR widely offers useful data, opportunities and other benefits not only to its members, but also to the world at large. There are high expectations that IFR will enhance the synergy and mutual support among all its members to become drivers to energetically establish a sustainable society.\"
\"IFR brings opportunity to network and engage with other professionals and entrepreneurs in the field of robotics to together ensure both that more companies and more people benefit from adopting technologies. I believe we are witnessing one of the greatest technological shifts in the history of mankind, during which Robotics, AI and related technologies have the potential to transform every industry and aspect of our lives within the next decade.\"
Established in 1987, IFR has brought together the international robotics players in more than 20 countries. It is a unique platform for sharing information and exchanging ideas, thus contributing to the dynamic development of the robotics around the world. The role of IFR is becoming more and more important for further global development of robotics in the future. CRIA is proud to be part of this international robotics family.
\"The International Federation of Robotics is here to provide a reliable and highly trained professional network for the robotics community. By sponsoring the International Symposium on Robotics (ISR), the IFR stands as a major driver for researchers and engineers from around the globe, allowing them to present their pioneering works in service and industrial robotics.\"
\"One of the key benefits of the IFR is its influence on public opinion, to bring across the positive impact robotics has on economic performance, and to ease fears of technology. Particularly in times such as these, in which populist messages are prevalent, society needs an institution that informs objectively about robotics with well-founded statistics and research.\"
\"Robotics technology is the key element of future production. This is already clear in the automobile industry and other relatively large scale productions. But now, robot co-workers are creating new opportunities and applications, particularly in the medium and small size enterprises, through easier set-up and reasonable costs. The IFR introduces these applications and paves the way towards potential future markets.\"
The report shows an all-time high of 517,385 new industrial robots installed in 2021 in factories around the world. This represents a growth rate of 31% year-on-year and exceeds the pre-pandemic record of robot installation in 2018 by 22%. Today, the stock of operational robots around the globe hits a new record of about 3.5 million units.
Sales of professional service robots rose by an impressive 37% in 2021. By region, the strongest growth came from Europe with a market share of 38% followed by North America with 32% and Asia with 30%. At the same time, sales of new consumer service robots grew by 9%.
Fanuc (TYO:6954) is the largest of the bunch, and consequently has a 1.6% weight in the ROBO Global ETF placing it alongside ABB and Rockwell Automation, the largest players to the West. The world leader in industrial robotics, Fanuc has three main businesses: factory automation, robots and robotic machines. Their activities are as pure play as a company this size can get, and revenues from the sales of robots are on an upward trajectory:
So there you have 5 Japanese pure-play robot stocks and 15 others that are dabbling but have not quite reached meaningful levels of revenue attributed to the sale of robots that would make them interesting to robotics investors.
One little-known Norwegian company has developed a cubic warehouse automation solution that's taking off like wildfire, but only some investors can buy the stock. Become a Nanalyze Premium annual subscriber and see all the tech stocks we like and the ones we're holding ourselves.
The Global X Robotics & Artificial Intelligence ETF (BOTZ) seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles.
Canadian firms have been investing in robots since the 1990s. By 2017, firms were using over $1.5 billion worth of robots. The auto sector was the largest investor before 2008, but other industries were more active beginning in 2010.
A new artificial intelligence-powered exchange-traded fund launched on October 18. Called the AI Powered Equity ETF (ticker: AIEQ), it uses IBM's Watson supercomputing technology to analyze more data than humanly possible, all in the pursuit of building the perfect portfolio of 30 to 70 stocks.
This peculiar feature of robot penetration in Japan makes it an interesting case to study the effect of new technology penetration on employment among the early adopters of technologies that emerge domestically. This unique feature of Japan, however, poses a substantial challenge for researchers who attempt to estimate the causal effect of robot penetration on employment, because technology adoption is endogenously determined. Increase in technology adoption and increase in labour demand might occur simultaneously when product demand expands in an industry.
In our study, we overcame this challenge by exploiting the technological progress in robot production that is captured by the fall in the price of robots. As shown in Figure 2, the decrease in the price of robots differs substantially across robot application types. The price of welding robots fell substantially while the price of assembling robots was relatively constant. This heterogeneous change of the prices of robots across application types generates different robot price trends for robot adopting industries, depending on the different composites of application types per industry. The automobile industry, which uses welding robots more intensively than other industries, saw a significant fall in prices, whereas the electronics industry, that intensively use assembling robots, faced relatively constant robot prices. We exploit these inter-industry differential trends of effective prices to identify the causal impact of adoption on employment.
We find that robots are complementary to employment. We examine this finding both at the industry level and the region level. At the industry level, we show that a 1% decrease in robot price increased adoption by 1.54%. Perhaps more surprisingly, we also find that a 1% decrease in robot price increased employment by 0.44%. This finding implies that robots and labour are gross complements. Therefore, taken together, our two-stage least-squares estimates suggest that a 1% increase in robot adoption caused by price reduction increased employment by 0.28%.
The CZ-level analysis enables us to conduct further analyses regarding spillovers from the manufacturing sector to the non-manufacturing sector. First, we find that employment in non-manufacturing sectors neither increased nor decreased upon robot adoption. This fact shows that within-region-across-industry reallocation from services to manufacturing did not occur, suggesting that an across-region reallocation of workers occurred. In other words, in the context of the declining population in Japan, robots might work like magnets that keep workers from leaving for other regions. Second, we find that although the total employment increased when robots were adopted, the hours worked per worker decreased. This finding suggests that robots may have worked as work-sharing and time-saving technological changes. In turn, this implies that the hourly-wage effect might be even more positive, and we confirmed this fact in our data.
Have you registered for the 2017 FIRST Robotics Competition season yet In order to be ready, your Team will need your two (2) Primary Contacts to pass our Youth Protection Policy screening process. Please see this document for detailed documentation about how to check if your Team is ready.
This year we are once again looking for 90 teams, 30 for each software language, to help us test the 2017 FIRST Robotics Competition software. A small number of teams have been invited to bypass the application process based on past performance in our Alpha and Beta testing. Most of the spots are still up for grabs, though, so make sure to fill out the application found here by Monday, September 26th, if you are interested. Beta teams will be asked to upgrade their 2016 robots to the 2017 software, perform some specific tests, and help educate other teams about the changes for 2017.
But what if that entire process is fully automated and takes just seconds (with no mistakes) That's the premise of robotic process automation (RPA), an innovation that enables enterprise-wide deployment of robotic software to handle routine business processes. As this technology is developed further, RPA could potentially even learn from human workers, analyze data and text, and make logistical decisions.
In fact, a single RPA robot could replace the work of three to five full-time-equivalent employees, says Toby Reeks, a Morgan Stanley equity analyst covering Support Services. Those employees could then be redirected to more productive or strategic tasks. Additionally, RPA deployment in an organization could take as little as three to four months, and the organization could see a return on its investment in another three months, making it an easy sell to a CFO or COO,\" Reeks says.
For Morgan Stanley Research on Robotic Process Automation, ask your Morgan Stanley representative or Financial Advisor for the full report, The Rise of the Machines,\" (Sept. 24, 2017). Plus, more Ideas.
Myomo's device was developed using technology licensed from the Massachusetts Institute of Technology (MIT). \"We have the only lightweight wearable robotic devices that enable paralyzed arms and hands to move again, so it's a very large unmet need,\" said Gudonis. \"Up until now these individuals have been told if after six months or rehab therapy, if you haven't recovered the ability to use that limb get used it, that's the way it's going to be for the rest of your life.\" The device they produce offers another option to use that arm or hand again, Gudonis told BioWorld MedTech. 59ce067264