Robotics is a branch of engineering which involves design, conception, manufacture, and operation of robots

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6 July 2018 13:58

Global Robotics Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

Robots are used for various activities such as assembling products, space missions, detecting and defusing bombs, product inspection, surgical operations, and cleaning and household activities. Robotics technology is widely used in various industries such as electronics, healthcare, artificial intelligence, defense, mechatronics, aerospace, nanotechnology, and automotive and infrastructure.

These technologies are used to develop machines that can substitute for humans and replicate human actions. Robots can be used in any situation and for any purpose, but today many are used in dangerous environments (including bomb detection and deactivation), manufacturing processes, or where humans cannot survive. Robots can take on any form but some are made to resemble humans in appearance. This is said to help in the acceptance of a robot in certain replicative behaviors usually performed by people. Such robots attempt to replicate walking, lifting, speech, cognition, and basically anything a human can do. Many of today's robots are inspired by nature, contributing to the field of bio-inspired robotics.

Increasing demand for automation especially, in automotive industry and technological advancements such as modular robotics, cloud- and nano-robotics are major factors expected to drive growth of the global market over the forecast period. In addition, increasing concerns regarding the labor safety and rising adoption of robotics in various organizations to automate processes for delivering high-quality products, increasing manufacturing capabilities, and managing processes, are other factors expected to further fuel growth of the target market. Furthermore, rising adoption of smartphones and tablets is expected to support growth of this market in the near future. Moreover, rising investments by defense sector to develop innovative military drones for surveillance, bombing, and image capturing application are expected to propel growth of the global market over the forecast period.

Across the world, labor-intensive industries are facing challenges of rising labor cost and lack of skilled workforce. This has pushed companies to adopt robotic technology to automate operations. The automotive, healthcare, and aerospace industries, for instance, are facing major challenges of lack of skilled workforce, and are thus incorporating robots into their process. Industrial robots are capable of performing a variety of programmed tasks in manufacturing and production settings that are often dangerous for human workers. Service robots, on the other hand, assist human beings for jobs that are typically repetitive and are dangerous.

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