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Robotics & Factory Automation (5084-RB)

 
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Robotics & Factory Automation (5084-RB)
Robotics & Factory Automation Systems - There has been a surge in deployment, especially in the manufacturing sector to perform repetitive, complex, and dangerous tasks in order to enhance productivity in industries such as automotive and electronics, which are characterized by high-volume production lines. Industries adopting robots realize huge financial benefits on account of increased productivity, reduction in overheads, waste reduction, and flexibility. Self-programming robots are expected to gain prominence with advancements in artificial intelligence and development of sophisticated sensors. The introduction of robots with integrated vision and touch is expected to enhance speed and efficiency of new production and delivery systems. The concept of simple autonomous robots operating as a part of a greater group or swarm has also gained prominence. Industrial robots have created a new ecosystem of high-paying and rewarding jobs through activities such as designing, building, marketing, selling, installing, operating, and maintaining robots. Erroneous cost justification and high maintenance costs are expected to inhibit market growth. High system engineering and installation costs also inhibit companies from adopting these robots. The automotive industry contributed to over 40% of the global revenue in 2013. Increasing robots have been deployed in the automotive industry to perform tasks, which are otherwise deemed as impossible for humans. Cost-effectiveness, job efficiency, and safety are the primary reasons behind the deployment of robots. Non-automotive applications are poised to drive industry growth over the forecast period. Electrical & electronics manufacturing, food industry, chemical & plastics industry, and rubber industry are some of the end-use verticals; wherein industrial robotics industry demand is expected to grow over the forecast period. Electrical and electronics manufacturing sector also contributed significantly to the overall revenue.

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