Robotics is now considered a booming sector. As technological advancement continues in the robotics industry, the robots in today’s market have amazingly improved with a high degree of efficiency and capacity to avoid potential mistakes.
Many tech experts and business leaders see the breakthroughs in robotics technology. The fascinating developments in designs and functions of these robots have helped industries and businesses advantageously.
Boston Consulting Group (BGC) said the world’s robotics market is set to increase in value from $25 billion in 2021 to nearly $260 billion by 2030. “BCG predicts that professional service robots will lead this growth and account for nearly $170 billion of this growth while logistic robots sales are expected to rake in $80 billion in revenue over the period,” according to Usman Kabir of the Insider Monkey.
Top market research company Mordor Intelligence reported that almost 6,000 surgical robots already did a million operations across the globe.
“The demand for small and compact robots, especially in the medical sector, will also be a key driver of robotics growth in the coming years. The sale of service robots, boosted by demand in the cleaning and care-giving domains, will rise above 1 million units globally as well,” Kabir said. He added that the entrance of soft robots will soon become a regular feature in the talks the industry.
With the continued change in the consumers’ choices, robotics has also innovated. “For example, companies are focusing on quick deliveries of customized products. In addition, service robots, which assist with tasks such as personal hygiene, exercise, and meal delivery, are gaining in popularity,” Kabir said. “Artificial intelligence and chip advances have dramatically improved the human-robot interaction, leading to the removal of Hollywood-inspired apprehensions around machine cities and robot wars,” he added.
Emerging and popular trends in robotics technology
The sudden shift to automation of industries across the globe has also changed the landscape in robotics. As more companies are looking for more technological solutions on different problems, the demand for robots also increase. From lack of manpower to supply chain problems, transportation, analytics, communications, and organizational structure, many industries have turned to robotics to enhance their services and improve their business standing in the world. Countless innovations and cutting-edge development have made robotics indispensable in many industries today.
“Robotics is a thriving sector in the arena technology. It not only improves efficiency in the workspace but also helps in avoiding potential errors…This is why, tech experts are expecting major advancements in this field in 2022,” said Pallavi Kanungo of Hindustan Times.
According to a Robotics for Tomorrow report, the year 2022 “is on track to be a big year for robotics and automation.”
“Automation and robotics are changing the world. The last couple of years have seen a rising interest in and need for technological solutions in many industries,” it said.
“The rise in popularity is the result of supply and demand factors meeting shifting expectations from 2020 and 2021. People want new products, spaces and services, and this technology will help countless businesses evolve and meet demand with ease,” the report added.
1. Growth of AI robots
Artificial Intelligence (AI) and robotics have become significant components in advancing industries. With AI and machine learning, robotics helped improve in the delivery of fast and accurate healthcare solutions. AI robots will bring more efficient and effective services in the automotive industry. The rise of more AI robots is a sign of the unstoppable evolution in programming and robotics technology.
2. Development in automated systems
The rise of more robots occurred due to the slowing down of the traditional way of doing things. For example, an automated robotics system in warehouse monitoring and manufacturing brings a cutting-edge solution to many internal and external problems, such as staffing, workload, time management, and production. With the assistance of robots, companies will become more focused on the welfare of their human resources. Robots can help them in avoiding potential harm and save them from high-risk human activities.
3. Self-driven cars, ultrasonic sound devices, 3D sensors, etc.
The future of robotics technology sees how most of the things we have being automated. The advanced design and application of robotics pushed the capabilities and utilization of the many products that were currently using. These products and equipment include 3D sensors, self-driven cars, infrared cameras, and ultrasonic sound devices.
4. Building of smart factories
Industrial robots are becoming a trend in building smart factories nowadays. As industries are eyeing enhanced productivity and efficiency, robotics became their ally in providing easy solutions to the growing challenges in launching smart factories.
Automation and robotics are very useful in construction industry. Previously, the construction sector was one of the least digitized. Today, the construction sector has been applying to technology. To fill the gap of the growing demands in construction services, due to lack of manpower supply, robots served as the solution for new construction projects across the globe.
The passage of the U.S. Infrastructure Bill is seen to help solve the rising problem in the lack of automation and robotics in construction. In construction, automation and robotics cover site surveying, bricklaying, automated rebar tying, painting, and materials hauling, among others.
6. Shipping and Packaging
The boom of e-commerce sales pushed companies to find help in automation and robotics. As shipping and packaging processes are inherently important in E-commerce, packaging robots and automated guided vehicles are now employed in many packaging centers and warehouses to pick, sort, and deliver items.
The increasing demand for fast transportation of packages and goods has pushed the boundaries for autonomous rideshare companies. Autonomous cars are now being road tested to help in the transportation sector.
8. Health Care
The health care industry has found an ally in automation and robotics. The robotics technology helped a lot in keeping the jobs of doctors and hospital staff lighter and bearable. In the surgery services, hospitals are now deploying robotic surgeons to provide safety and improve the side effects of surgeries. With the lack of human resources, robotics technology also helped in providing entertainment, recreation, and socialization for elders.