Scope of Global Robotics Industry Reports-
Robotics is the research area which integrates computer science and engineering which comprises design, construction, operation and application of robots and its main aim is to make intelligent machines. Robots are mainly used to replicate human actions to build intelligent machines. These machines are mainly designed with mechanical constructions which helps it to complete tasks that human being could not do, for instance, the Mars 2020 Rover’s wheels are separately motorized and made of titanium tubing to firmly grip the harsh terrain of the red planet. Robots require electrical energy as well as components to power and control the machinery such as batteries. These machines consist of at least some level of computer programming to provide necessary instructions to do required action. They are used in many sectors such as manufacturing industry, logistics, healthcare, space, automotive etc. and its uses are growing day by day due to technological development such as artificial intelligence.
Global Robotics Industry Market is valued at USD 39.046 billion in 2019 and expected to reach USD 189.67 billion by 2026 with the CAGR of 25.33% over the forecast period.
Global Robotics Industry Dynamics
The increasing demand for automation, frequent innovative technical development in industrial robots, application of cutting-edge technologies such as Artificial Intelligence and growing application of robots in various industries are driving the robotics industry. The growth of the market can be known from the fact that, in 2017, robot sales increased by 30 percent to about 3,81,3335 units. Robot sales in automotive industry had increased by almost 22 percent in 2017, making it the major end user of industrial robots with share of more than 33 percent. Additionally, main drivers of robotic industry are metal industry increased by 55 percent and electrical/electronic industry which was increased by 33 percent in 2017. The rapid growth of robotic industry is continuing, for example, The Robotic Industries Association (RIA), part of the Association for Advancing Automation (A3), announced that 2019 North American robot unit orders are increased 1.6% compared to last year results, with about 29,988 robotic units ordered. Today’s robotic industry is a rapidly growing market, due to technological advancement and introduction of innovative new robots for various purposes for domestic, commercial and military as well as space research purpose. For instance, many robots are built to work in hazardous conditions such as defusing bombs, finding survivors and exploring space outside earth. The technological advancement in nanorobots and microscopic robots that can be introduced into the human body is expected to increase the application of robots in healthcare sector.
Recent Development- Berkshire Grey releases updated Robotic Store Replenishment system
On March 24,2020, Berkshire Grey Inc. declared that its next-generation Robotic Store Replenishment system is now available for retail customers. The robotic picking solution automates break-pack operations where inner packs, and less-than-case quantities are selected and shipped in customer-specific containers to stores where associates restock shelves.
Many retailers and supply chain companies are dealing with labor shortages and high turnover. The Robotic Store Replenishment (RSR) system is made to autonomously and efficiently pick smaller inventory quantities. As a result, it is said that, RSR is popular between businesses seeking to optimize store inventory levels along with ensuring superior in-stock positions.
Berkshire Grey’s second-generation RSR would have introduced at MODEX 2020, but the company have to cancel its involvement in the trade show due to health and safety concerns due to the novel coronavirus.
Berkshire Grey said its clients generally optimize picking labor costs in break-pack and e-commerce functions by 70% to 80% and improve throughput by 25% to 35%. It said that operators typically get a return on investment in three years or less.
Robotics industry trends 2020
Robotics industry trends 1-Robots get smarter
With advancement in digital technology, programming and installation of robots is becoming much easier. Digital sensors along with smart software enable direct teaching method which is called “Programming by Demonstration”. In this technology, the task that the robot arm needs to perform is first done by a human. After that, this data is transformed by the software into the digital program of the robot arm. With advancement in technology, it is predicted that machine learning tools will further allow robots to learn by trial-and-error or by video demonstration which will help in robotics industry expansion.
Robotics industry trends 2-Mobile Robotics:
As for the Robotic Industries Association, robotics shipments were increased by 41% in 2018, especially in non-automotive workplaces. Autonomous mobile robots (AMRs) is one of the main drivers of this manufacturing trend. While robots are perceived as ultra-sophisticated technology that needed trained roboticists, new robotics technology is making automation applicable for companies of all sizes.
Robotics industry trends 3-Collaborative Robots (Cobots) & Automated Picking:
According to the industrial feedback, there is a trend of collaborative working of people and robots which results in more work done in less time with more safety in factories and warehouses and this trend is named as cobots. Robots are being made for the human workforce to use as valuable tools that support workers to improve overall efficiency in workplace. These cobots are programmed to consistently perform non-value-added works such as moving heavy products while workers focus on skilled labor. One of the most general use of cobots is picking in logistics setting. According to research, in logistics traditional order fulfillment roles, the physical walking to pick product accounts for 50 percent of entire process wasting valuable time and money. In this context, automated picking is completed by a robot which is used to travel throughout the warehouse grabbing the necessary product, leaving professionals to do other skillful work. These improvements in manufacturing and logistics are greatly helping in improving efficiency, where a human could pick from 60 to 80 orders per hour, an automated system can pick up to 300 in the same time frame.
Robotics industry trends 4-Digital Application of Robotics:
Industrial robots are becoming central components of digital and networked production as used in industry 4.0. The “OPC Robotics Companion Specification”, which has been industrialized by a joint working group of the VDMA and the Open Platform Communications Foundation (OPC), describes a standardized generic interface for industrial robots and allows industrial robots to connect into the Industrial Internet of Things (IIoT). The digital connectivity of robots with cloud technology is also act as an enabler for new business models: For example, in Robot leasing called Robots-as-a-Service - has advantages which is especially attractive for small and medium-sized enterprises (SMEs) with benefits such as no committed capital, fixed costs, automatic upgrades and no requirement for high-qualified robot operators.
Robotics industry trends 5-Self-driving cars will focus on controlled locations:
Self-driving vehicle development in the world will continue, but most of the developments will be around controllable scenarios, such as automobiles in areas like campuses, retirement communities, parking lots, etc. Additionally, development in self-driving vehicles will be applied in last-mile delivery scenarios (e.g. Nuro vehicles delivering groceries or pizza). Delays in regulations, expensive components, weather conditions are continuing to stop the growth of this industry in 2020.