Robotics technology is becoming increasingly popular in sectors such as logistics, warehousing, medical & healthcare and defense. It assists in efficiently managing industry specific activities, overcomes human constraints and optimizes cost by saving HR expenses.
Here are some of the major robotics trends that are set to present opportunities and challenges to organizations in 2018 and beyond.
Collaborative robot is a robot specifically designed to assist human beings in specific tasks or work. It allows humans to perform certain operations successfully if they are fit within the scope of the task and control human to not get deviated from the scope of task. The global collaborative robots market is anticipated to expand with a CAGR of above 60% during the forecast period 2016-2023 and is estimated to reach $7 billion in 2025.
Collaborative robots permit flexible manufacturing process, light in weight, portable, requires less programming skills etc. Due to its numerous advantages, it has applications in automation industry, furniture and equipment, metals and machining etc.
The agriculture industry is changing dramatically, across the globe.
Indoor farming refers to crop cultivation using high-pressure sodium lamps or LEDs and growth in aeroponic and hydroponic systems. Additionally, indoor farming provides protection and optimal growing conditions. The use of this technology by small commercial growers for producing crops is expected to increase their capacity and economic viability.
The future of the indoor farming industry is technology and data driven. The climate control technology is enabling high yields. A farm management system helps growers in reducing the time spent on analyzing and collecting crop yield data. The growing adoption of indoor farming is likely to spur the agricultural robot market.
The global agricultural robot market is anticipated to reach USD 8.82 billion by 2025.
The medical robots market is forecast to be worth USD 12.80 billion by 2021. Advantages offered by robot-assisted training in rehabilitation therapy, technological advancements, increase in funding for medical robots research, issuance of IPOs by medical robots companies, and growing hospital investments are the key factors driving the growth of the market.
Furthermore, rapid growth in the aging population, development of nanorobots for cancer treatment, and rising patient preference for minimally invasive surgeries is likely to offer significant growth opportunities for players operating in the market.
Global demand for telepresence robots will advance to $5.11 billion by 2025.
Telepresence robots enable people to attend meetings remotely, homebound students to attend classes, physicians to virtually diagnose patients in remote hospital wards, and travelers to enjoy a real-time tour of new places.
The modern age of treatment is demanding for more specialized healthcare services, such as real-time surgery from distant locations.
Global packaging robots market will witness growth during the forecast period, as industrial robots have experienced demand from various industries that include major users such as food and beverage, electronics and semiconductor, and pharmaceutical industries.
Packaging robots are installed in the assembly line and work in collaboration with industrial workers. These robots work in the multiple areas and directions, due to which they are equipped with multiple safeguards. Robots can perform multiple applications, which reduces the manual labor, resulting in the reduction of operational cost.
The analysts forecast the global packaging robots market to grow at a CAGR of 9.58% during the period 2017-2021.