Robotics Market 2022

Robotics Market 2022

Robotics is an intersection of the fields of computer science and engineering. It is dedicated to the design, manufacture and use of autonomous, semi-autonomous and non-autonomous robots.

The study of the field aims to create intelligent and skilled machines, allowing them to assist humans in a variety of scenarios, from scientific and medical experiments to life-threatening conditions.

See below for all about the global robotics market:

robotics market

The global service robots market has been Estimated at $34.4 billion in 2020. It is expected to maintain a compound annual growth rate (CAGR) of 21.2% over the forecast period from 2020 to 2026, to reach $110.4 billion by its end.

By type, the global market hardware segment is expected to have a CAGR of 20.7% during the analysis period, while the software segment is expected to have a CAGR of 22.8% during the same analysis period.

Regionally, the global robotics market is segmented as follows:

  • The US market was estimated at $13.6 billion in 2021
  • The Chinese market is expected to reach $9.5 billion by 2026, trailing a compound annual growth rate of 27.4% during the analysis period.
  • Japan and Canada are expected to grow by 18.1% and 19.4% over the period from 2020 to 2026
  • Within the Europe sector, Germany is expected to maintain one of the highest compound annual growth rates at 20.1%.

By vertical industryThe healthcare industry is one of the leading users of robotics in the global market.

Other notable industry sectors include:

  • Farming
  • food preparation
  • manufacturing
  • Army and Defense

The future impact of robotics on the labor market

Robots have been around for decades in factories and warehouses in their simplest form as automated machines. With the growth of hardware and software advances in robotics, it is estimated that there are a Total number of robots 20 million by 2030.

Similarly, the McKinsey report estimates a reduction of 18% in physical and manual work and 28% in work based on basic cognitive skills by 2030, which could make way for more careers with expertise in STEM and social and emotional skills, in addition to key developments in healthcare technology and defense.

“The rapid rise of robotics means that we are seeing a major shift in the types of jobs that make up our workforce – while many jobs and job roles are being abolished, new ones being created, the vast majority of which are designed to improve AI or use AI results (for example, issuing judgments), Toby MacLean saysMember of the Forbes Technology Council.

“These new jobs will focus on more complex problems that require high-level critical thinking and analytical skills, and will be needed across all industries.”

Bots Features

The field of robotics is broad and can be categorized in many ways depending on specific features. Most commonly, robots are categorized by their levels of autonomy and the tasks they can perform

autonomous robots

Autonomous robots are able to act and perform tasks without the need for human control or supervision. While not strictly necessary, autonomous robots are becoming more and more dependent on artificial intelligence (AI) to navigate their surroundings autonomously.

semi-autonomous robots

Semi-autonomous robots are less autonomous than their fully autonomous counterparts. Able to make decisions and perform actions themselves, they need real-time guidance in some situations.

Non-autonomous robots

Non-autonomous robots are all robots that require external intervention to operate. This includes remote-controlled robots that must receive real-time directions from a human in order to act.

When broken down into more task-specific categories, bots can be found in a variety of categories, such as:

Articulated robots

Articulated robots, or robotic arms, are rotating articulated robots intended to simulate a human arm, usually on a larger scale. They contain anywhere from 2 to 10 rotating joints, with varying degrees of motion and dexterity.

Humanoid robots

While they tend to overlap in function and ability with other species, humanoid robots are clearly recognizable by their human-like forms. Their abilities, levels of intelligence, and independence depend on their job purpose and whether they are intended to interact with people in an environment or simply for research purposes.

collaborative robots

Collaborative robots are designed to work alongside humans. Cobots are able to work safely in shared environments with humans, which allows them to increase productivity. They are also used to reduce the risk of manual and dangerous tasks.

soft robots

Soft robotics is one of the latest robotics inventions that replaces hard materials with soft alternatives. These use a compressed gas or liquid to maintain their shape and move. It varies in its degree of autonomy, but is more flexible than a regular robot, making it ideal for handling delicate objects or getting into tight spaces.

Benefits of robots

Robots remain one of the most revolutionary inventions, due to their contribution to a variety of fields, from medicine and healthcare to manufacturing and high-risk business.

Some of the notable benefits of robots include:

  • Improving worker safety
  • Work faster than human workers
  • Ensure consistent results
  • Ability to work 24/7
  • scale production
  • Cost-effective in the long run
  • Very versatile and flexible

Robots use cases

Robotics solutions tend to be customizable to meet the specific requirements of the business or manufacturer they serve:

Amazon Robotics

Amazon Robotics, formerly Kiva Systems, is a software developer and manufacturer of machines used in Amazon warehouses and fulfillment centers. Headquartered in Massachusetts, its flagship product is mobile robotic order fulfillment systems.

Switching from a manual object scanning model to machine learning (ML), Amazon Robotics has remained under the same brand name. Working with AWS, I used Amazon SageMaker to help its developers set up, build, train, and deploy their ML models on execution bots.

“Amazon SageMaker not only manages the hosts we use for inference. It also automatically adds or removes hosts as needed to support the workload” Eli Gallaudet says:Senior Program Manager, Amazon Robotics.

“Amazon SageMaker not only manages the hosts we use for inference. It also automatically adds or removes hosts as needed to support the workload.”

Amazon Robotics was able to save 50% on deduction costs, improved computer performance by 40%, and managed to save 20% on computing costs.

Allora

Alliora is a carton box manufacturer based in Northwest France. It produces a variety of boxes for customers in a range of markets, such as cosmetics, board games and champagne.

Allora tried to automate the production line with an industrial robot that was difficult to use. However, the need for automation is still significant, as repetitive tasks have resulted in some employees developing musculoskeletal disorders.

Contacting one of their local robotics distributors, Sterkelec, Alliora ended up using the Robotiq Palletizing Solution, which consists of a collaborative robot arm and a suction-powered final actuator.

“I’m not a robot scientist. I’m not a robot. But Davy Borio [Sterkelec’s product manager] I explained it right away, and within 45 minutes, I understood how the system worked,” Eric Blow saysproduction manager, Allurea.

By using Cubot in one of its production lines, the Allora was able to hire fewer workers during high production periods and achieve a smoother production line overall.

Kid Creek Mine

Kidd Creek Mine is an underground mineral mine located in Ontario, Canada. Owned and operated by Glencore, a Swiss multinational, the mine operations are supported by several unmanned aerial services as well as underground inspection specialists.

Workers at the Kid Creek Mine are familiar with traditional tools in their work and inspections. They also used basic robots to access potential mining areas to ensure the safety of the miners.

By working with Boston Dynamics and its four-legged robot Spot, they were able to access even more accurate data. The robotic robot withstands a range of harsh terrain without any problem.

“Having a tool that can quickly and reliably get to everywhere we need to get information and get it back to us is invaluable to our business,” Ian McKillib saysdirector of technical services for mining, Kidd Operations.

Because engineering-based mining relies primarily on up-to-date data, Boston Dynamics has enabled Kid Creek to have a constant flow of data to make worker safety decisions.

Bot Providers

Some of the top providers of robotics solutions and innovations in the Middle East. The market includes:

  • Boston Dynamics
  • ABB Ltd
  • Mitsubishi Electric
  • Honda Motor
  • Universal Robots A/S
  • intuitive surgical
  • Robosoft
  • Toyota Motor
  • Samsung Electronics
  • SeaRobotics Corporation

#Robotics #Market

Leave a Comment

Your email address will not be published. Required fields are marked *