The robotics industry has grown tremendously as a result of technological advancements. Initially, the interaction between a machine and a human was tedious and limited. However, current trends indicate that a world full of robots can be a lot of fun. Today, robots can interact verbally, lend a helping hand, and even save lives, implying that robots are becoming more human-like with each passing day.
Many organizations have taken significant steps to bring robotics into application in diverse and unique fields, realizing the potential of robotics. For example, MIT has introduced the world to SoFi, a soft robotic fish that can help save the ocean, and NASA is planning to send a swarm of robots to Mars, similar to a swarm of bees. There is a lot more to look forward to in the future with robotics, thanks to sophisticated electronic components and detailed programming.
Industry Growth
Since its inception in the 1920s, robotics has come a long way. The evolution from massive and bulky robots to lightweight RoboBees, and from wired to wireless robots, is commendable. Robotics trends have shifted to the point where robots can now be granted citizenship. Furthermore, the role of robots in various business and social spheres is expanding all the time. Co-bots, for example, are now seen assisting in the field of industrial automation. Robots are assisting doctors in performing delicate surgeries in the healthcare industry. Furthermore, seeing robots in charge of your entertainment in shopping malls, amusement parks, and trade shows is not unusual these days. Here are five factors that contribute to robotics’ rapid growth:
- Collaborative bots
Co-bots are collaborative robots that have been programmed to interact with humans and work in a collaborative workspace. For example, an American manufacturing firm has hired collaborative robots as employees. When businesses begin to embrace such a work culture, it is assured that robotics is moving beyond machinery and into the realm of everyday life.
- RaaS (Robotics as a Service)
RaaS is a business model in which robots can be rented or leased on an hourly or monthly basis to provide services such as patient monitoring in the healthcare sector or home care for elderly people. According to a recent news article, RaaS has a significant growth potential between 2018 and 2022.
- AI integration
Artificial intelligence and machine learning have opened up new possibilities for robotics. Machines are rigorously trained and fed improved data to make intelligent decisions without the need for human intervention. M.I.T, for example, has created a robot named Kismet that recognizes human body language and voice and responds appropriately by combining AI and ML in robotics. In the coming years, artificial intelligence and robotics are expected to create a large number of job opportunities.
- Mobile autonomy
The concept of self-driving cars has been around for a long time. Manufacturing, production, and supply chain companies are considering implementing mobile autonomy in their operations. As a result, mobile robots are being used in many of these organizations to move items from one place to another. For example, a logistic mobile robot named ‘Chuck’ created by a Massachusetts-based company is making a lot of money in the e-commerce and logistics industries. Mobile robots will be seen in action in warehouses, airports, and hospitals shortly.
- Cloud robotics
Cloud robotics allows robots to access information stored in the cloud. As a result, the robot will not have to carry around extra memory, making it lighter, cheaper, and smarter. As a result, there will be a significant increase in robot production, leading to exponential growth in the robotics market. Robotics appears to have a lot to offer in the future. The possibilities become clearer as we delve deeper into the concept. So, get ready to investigate the possibilities for incorporating robotics into your business today!
