As you can read on our Industry 4.0 page, Boston Consulting Group has made sure that India was analyzed to renew the process automation market, given the growing demand for automation in the manufacturing sector and the rapid growth of the robotics industry. The focus is on production, logistics, supply chain management, production automation and logistics. Here we list some of our key recommendations to broaden the horizon of what robots are.
The Indian market installed 30% more industrial robots in 2016 to meet automation needs compared to 2016. By 2021, that number is estimated to reach 3.8 million, up from 2.7 million in 2015 and 1.5 million a year ago. Next-generation robots, including collaborative service robots, are expected to account for two-thirds of sales of robotic units by 2025, a 22 percent increase from 2015.
Asia-Pacific is one of the largest markets expected to grow this year, owing to increased investment in robotics, which is expected to spend $43.4 billion. China is the largest region for drones and robotics systems and will also be the leading region in terms of the number of unmanned aerial vehicles (UAVs) by 2025. It is also the second largest market for unmanned aerial systems and drones, behind the US. The region also leads the overall robotics investment, according to the report.
This could also help China, which has yet to make significant progress in robotics and is in the process of adopting conventional robotics, according to the report. India can take a leap forward in advanced robotics and compete with China in the introduction, “the study’s note said.
The flipside is that high levels of automation, especially in labor-intensive countries like India, will not produce the employment levels that the government in India seeks. Industrial robotics will play a crucial role in meeting global standards, according to the report. Manufacturing growth in developing countries such as India and China is the main driver of the industrial robotics market, it says.
Given that economic decoupling between China and the US will continue until 2021, manufacturing and resource industries, where robotics is strong, must be able to make significant investments to restructure their supply chains. They will also focus heavily on production resources, where robotic deployment will be strongest.
One way to achieve this is by automation tools and robots letting the workers who currently work on the ground work with the robots. The introduction of the first commercial robot in India in 2016 is a boost for the introduction of cooperative robots (cobots). These robots enable higher functionality and are the most frequently used robots in the manufacturing and resource industries.
In the future, software vendors committed to innovation will start to make room for things like AI and robotics.
Industry 4.0 will be strengthened by the latest manufacturing technology and will drive digital transformation across industries. Covid19 will provide further impetus for the use of advanced robotics technologies such as artificial intelligence (AI) and machine learning, as well as robotics in manufacturing. Advanced robot systems offer a wide range of benefits to both new and established manufacturers in the manufacturing industry. New robotics technologies make automation accessible to businesses of all sizes, while robots mean ultra-sophisticated technology that requires trained robotics.
From the point of view of Industry 4.0, cyber and physical systems are the next stage after engineering and mechanics. The technology ranges from high-quality manufacturing equipment to intelligent machines, from sensors and sensors to advanced robotics and machine learning. Here is a look at the long-established, basic manufacturing and the advanced technologies that enable intelligent manufacturing. This is essentially the transformation of production facilities from the physical to the virtual phase of the manufacturing process.
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The IDC expects the raw materials industry to become the second-largest industry for drone spending, ahead of construction and discrete manufacturing, by 2021. To cover all applications in the Indian industrial robot market, market participants are focusing on welding, metering and conveying applications. Welding is also a major focus, contributing a significant share of the total market for industrial robots in India and the third largest market after manufacturing and construction.
The global food robotics market is expected to grow by 12.7% over the next five years, reaching $3.1 billion by 2025. The fastest growth in expenditure on robotics will be in the Middle East and Africa, where sales growth will be highest at 14.5%. Hardware purchases will dominate the robotics market, with 60% of hardware purchases for industrial robots in India going to pre-construction and discrete manufacturing. Discreet manufacturing will have been the second largest market for robotic systems worldwide, with purchases totaling $53.8 billion in 2015.