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Manufacturing Technology Insights | Friday, July 08, 2022
Trust in technology is accelerating the growth of adopting robotic technologies which will lead to a robotic revolution in the coming years by introducing several trends.
FREMONT, CA: As the pandemic brought various transformations in development, adoption, and funding in the robotic industries, there will be new trends followed in the coming years. The global robotics industry is anticipating rapid growth over the next decade. Some major shifts in the industry are as follows:
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Increasing Investment in Robotics Companies
Industries such as medical, manufacturing, logistics, hospitality, and automotive sectors are investing in the latest robotics innovations. Venture capital, private equity, and strategic investors are aiming for the development of disruptive robotics technologies. Labour shortages are the primary reason for the immediate demand. The global industrial robot market is expecting an increase in investors reaching 31.13 billion USD by 2028.
Increased Focus on Intellectual Property (IP)
Patents, trade secrets, and IP are essential tools for broadening the robotics industry. Robust IP protection is required for companies to invest in research and development and receive additional tools for innovation. Since IP is a crucial aspect for attracting organisations to fund it, it must be highly protected to minimise the risk of sharing valuable technology. Exclusivity of the IP is significant in preventing other parties from benefiting from each other's exclusivity protections for technology to be incorporated into collaboration. Therefore, tech companies are developing strong patent portfolios to avoid such risks and distinguish themselves from other organisations. Strategic businesses are focusing on protecting the look and feel, user interfaces, and working patterns of robots through leveraging utility patents.
Using Cobots and Assistive Robots
Although industries are seeking to develop fully automated robots, there are limitations to the tasks that robots can perform. Therefore, industries are focusing on developing robots as assistive devices. For example, warehouse workers at order fulfilment centres are provided with exosuits to improve mobility. It streamlines the lifting and carrying of loads in the shipping process and minimises the possibility of injuries. Consequently, there will be an increase in the exoskeleton wearable robot market in the coming years.
Cobots will be effectively utilised for performing dangerous, repetitive and menial tasks. Pick and place cobots are the best examples, as they sort and package various goods in large quantities. Cobots are also upgrading their quality by integrating advanced technological elements such as imaging and sensor systems to improve performance in manufacturing settings.
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Upgrading Robotic Interoperability
Today’s computer programmes or systems are becoming more diverse, and therefore interoperability is a must to enable the systems to exchange information. They are immensely contributing to the growth of the robotics industry by creating new robot models and existing robots to be integrated into new spaces and platforms. Robot interoperability will be a major focus as robotics adoption accelerates. A few companies use a single developer for working on all robotic platforms, which leads to a reduction in the efficiency of the diverse tools. However, the increase in customer demand will motivate the industry to use interoperability across all robotic platforms.
Measures to Prevent Hacking and Liability
There are chances of the occurrence of damage and disruption as a result of hackers taking control of robots. There are such incidents that have resulted in serious security issues. Companies are focusing on preventing such attacks from individuals or organisations by enhancing cybersecurity. They are trying to address all possible threats by seeking solutions to reduce hacking and liability issues.
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