Factories Will Start Using Cheaper And Smarter Robots, Report Says

Automation and robots are already a major part of most manufacturers, ranging from car factories to electronics production. But soon, smarter robots could significantly shake up the market for manufacturers. In a new report from Loup Ventures, the venture capital firm predicts that a smarter sub-series of robots could increasingly become a more popular option for manufacturers. Compared to the larger single-purpose robots that are commonly used in fields like automotive assembly, Loup argues that smarter robots, which the report calls co-bots, will be used by more factories over time. These types of robots are defined by their ability to use motion and force-detection sensors to analyze their surroundings and work alongside humans.