Global robotics tech market to hit $376 billion by 2034, Speedbot raises $14 million
Daily brief on news from the world of autonomous mobile robots.
Global robotics technology market to reach $376 billion by 2034
The global robotics technology market is forecast to grow from $94.56 billion in 2024 to $375.95 billion by 2034 at a 46.1% CAGR, driven by advances in automation, AI integration, cobots, and healthcare robotics. Asia Pacific leads with 47% market share, while Europe is set for the fastest growth. Key trends include expanding robotics-as-a-service, collaborative robots, and strong demand in manufacturing and healthcare applications.
Komatsu invests in autonomous mining with Applied Intuition
Komatsu has announced its largest-ever tech investment by partnering with Applied Intuition to integrate autonomous and AI-driven vehicle software into its mining fleet, Mining.com reports. The multi-year deal will equip Komatsu vehicles with advanced onboard systems, focusing on safety, energy efficiency, and productivity. Amid industry modernization and rising decarbonization pressure, this marks a shift toward intelligent, autonomous mining solutions.
Lidar giant Hesai targets $500 million Hong Kong listing
Hesai Group, the world’s largest automotive lidar sensor supplier, aims to raise up to US$500 million from a dual primary listing in Hong Kong, South China Morning Post reports. The offering includes 17 million shares and may increase if demand rises. Founded in 2014, Hesai serves top Chinese EV firms and self-driving tech companies, with 28% of 2024 revenue from global exports.
SpeedBot Robotics raises $14m for machine vision expansion
SpeedBot Robotics has secured $14 million in Series B+ funding to grow its industrial machine vision portfolio for automated inspection and measurement in smart manufacturing, IMV Europe reports. The investment will support innovation in automation, AI, and imaging, helping the company deliver enhanced inspection systems. This move marks SpeedBot’s commitment to advancing machine vision applications in modern industrial environments.
