Collaborative robots have had a somewhat slow growth rate compared to the rest of the robot industry. This is because these robots may be exploited to increase their appeal during a pandemic.
FREMONT, CA: Robots have made their way into the manufacturing industry, and they continue to be a hot topic among businesses. Most robots or robotic-like equipment are used in manufacturing today, from the automobile and aerospace industries to electronics and medical providers. Therefore, robotics and automation are essential in understanding the productivity that businesses want in today's increasingly digital workplace.
One can predict the installed base of factory robots to approach 3.2 million units by the end of 2021, which is more than double what it was in 2015, and yet a small percentage of the 360 million people working in the manufacturing industry. Furthermore, anticipate strong upside and double-digit growth over the next five years as this recovery continues, owing to technology advancements, the digitization of industrial processes, a rise in workforce shortages, and a large boost from post-COVID-19 revisions.
Increase in Demand for Collaborative Robots
Individuals and robots in open or non-cared situations can collaborate efficiently with collaborative robotics. It is feasible to combine a human operator and a robot in the same device using collaborative robotics. These robots are created so that there is no chance of harm or destruction to ensure security. Collaborative robots have had a somewhat slow growth rate compared to the rest of the robot industry. This is because these robots may be exploited to increase their appeal during a pandemic. Another reason for the continued success of collaborative robot sales is that the industries that buy them are not classified in the same way as those that buy standard robots.
Electronics Sector’s Increasing Automation
For many years, the automotive industry has dominated the market for robots used in production. However, a paradigm change will occur. According to reports, the growth of the electronics sector in industrial robots is now faster than that of the automobile industry. For the time being, given the small profit margins, robot automation is likely to become a profitable concept for the technology industry in the next years, with customization becoming a trend in this field.