11/25/2021

Bossa Nova Robotics Driver

Dublin, Nov. 12, 2018 (GLOBE NEWSWIRE) -- The 'Global Inventory Robots Market 2019-2023' report has been added to ResearchAndMarkets.com's offering.
The inventory robots market will register a CAGR of over 13% by 2023
Inventory robot companies are focusing on the development of user-friendly software solutions which are intuitive and allow the users to generate geospatial reports, planograms, and charts. Vendors are also offering fleet management tools that deploy, operate, monitor, and optimize the company's inventory robots. Thus, the emergence of advanced fleet management and visualization software will be a key factor driving the growth of the inventory robots market during the forecast period.
Market Overview
Increase in automation by retailers to combat competition
Growth of the e-commerce industry, rising wages, and increasing rivalry in the retail industry have led retailers to adopt automation to enhance customer experience. To reduce losses due to misplaced products, and out of stock and overstocked merchandise, retailers are deploying inventory robots which can carry out effective audit of items in store shelf. Thus, to gain a competitive edge in the market, retailers are adopting robots for inventory management, which, in turn, is resulting in market growth.
High cost of deployment limiting the adoption by small retailers
The deployment of inventory robots requires a high initial investment which limits the adoption of these robots by small retailers. Apart from the high hardware costs, the cost of software, services, maintenance and operation also contribute to the high overall costs. Inventory robot vendors are offering robotics-as-a-service (RaaS) to encourage the adoption of these robots by small retailers. However, the high cost of deployment will continue to act as detrimental factor to the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the inventory robots market during the 2019-2023, view the full report.
Competitive Landscape
The market appears to be concentrated with the presence of few companies including Bossa Nova Robotics, and Fetch Robotics. The competitive environment is expected to become quite intense during the forecast period due to the entry of new players in the market. Factors such as the increasing adoption of automation and robotics by retailers to gain a competitive edge over rivals, will provide considerable growth opportunities to inventory robot manufactures. Bossa Nova Robotics, Fetch Robotics, Keonn Technologies, MetraLabs, and SIMBE ROBOTICS are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE

Let's build the future of retail. Come help us map the retail world — every store, every product, every day. Founded in 2005 as a spin-off from Carnegie Mellon University’s Robotics Institute, Bossa Nova develops advanced robotics technology that helps some of the world’s largest retailers predict with confidence what’s on their shelves. Glassdoor gives you an inside look at what it's like to work at Bossa Nova Robotics, including salaries, reviews, office photos, and more. This is the Bossa Nova Robotics company profile. All content is posted anonymously by employees working at Bossa Nova Robotics.

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

Robotics
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

Bossa Nova Robotics News Blog

  • Market segmentation by product
  • Comparison by product
  • Hardware - Market size and forecast 2018-2023
  • Solutions - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE

  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/research/knhp88/global_inventory?w=12

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Bossa Nova Robotics
A Bossa Nova robot scanning a shelf at a Walmart in Auburn, Washington
TypePrivate
IndustryRobotics
Founded2005; 16 years ago in Pittsburgh, Pennsylvania, United States
Founders
Headquarters
San Francisco, California
,
Key people
  • Bruce McWilliams (CEO)
  • Martin Hitch (CBO)
  • Sarjoun Skaff (CTO)
Websitewww.bossanova.com
Nova

Bossa Nova Robotics Pittsburgh

Bossa Nova Robotics is a startuprobotics company that manufactures inventory control robots for use in retail stores. They are best known for supplying these robots to Walmart stores,[1][2] in their effort to better compete with Amazon.[3][4]

Their Auto-S line of robots scans store shelves by beaming light on them and snapping photos using 2D and 3D cameras, as well as utilizing lidar to navigate and detect if anything is stocked in a shelf.[5] From this it can detect out-of-stock items, incorrect prices, and other irregularities more efficiently and accurately than a human.[6][7]

History[edit]

Bossa Nova was founded in 2005 by students attending Carnegie Mellon University, spinning out from their Robotics Institute.[2][7] They began creating robotic toys, such as a robotic penguin and a programmable gorilla, though they did not see much success on the market.[2] In 2012, Bossa Nova unveiled a ballbot named mObi, which featured a tablet screen on the top and was to act as a personal assistant.[8]

RoboticsNova

Bossa Nova began working with Walmart to build their retail robots in 2014, though they did not have a finished version of the product until 2017, when Walmart began testing them in 50 stores.[6][3] Other, smaller stores also began to test out the product, and Walmart rolled out an additional 300 robots in 2019.[2][6][9] Walmart ended its contract with Bossa Nova in late 2020.[10]

References[edit]

  1. ^Schwab, Katharine (August 29, 2019). 'Walmart's robot army has arrived'. Fast Company. Retrieved September 15, 2019.
  2. ^ abcdHeater, Brian (April 10, 2019). 'The startup behind Walmart's shelf-scanning robots'. TechCrunch. Retrieved September 15, 2019.
  3. ^ abPerez, Sarah (April 9, 2019). 'Walmart to expand in-store tech, including Pickup Towers for online orders and robots'. TechCrunch. Retrieved September 15, 2019.
  4. ^Vanian, Jonathan (March 26, 2018). 'Why Walmart Is Testing Robots In Stores—and Here's What It Learned'. Fortune. Retrieved September 15, 2019.
  5. ^Simon, Matt (January 12, 2018). 'Please Do Not Assault the Towering Robot That Roams Walmart'. Wired. Retrieved September 15, 2019.
  6. ^ abcGreen, Dennis (April 15, 2019). 'A small robotics company created a device retailers were clamoring for, and now Walmart is putting it in 350 stores'. Business Insider. Retrieved September 15, 2019.
  7. ^ abKolodny, Lora (June 21, 2018). 'Bossa Nova just raised another $29 million for its grocery store robots used by Walmart'. CNBC. Retrieved September 14, 2019.
  8. ^Gaskin, James (November 8, 2012). 'Bossa Nova's mObi, first 'ballbot,' rolls onstage'. ITWorld. Retrieved September 15, 2019.
  9. ^Banker, Steve (April 19, 2019). 'Walmart Expands Use of Bossa Nova's Robots from 50 to 350 Stores'. Forbes. Retrieved September 15, 2019.
  10. ^Nassauer, Sarah (November 2, 2020). 'Walmart Scraps Plan to Have Robots Scan Shelves'. The Wall Street Journal. Retrieved November 3, 2020.

Bossa Nova Robotics Walmart

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