We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Robotics is a diverse industry with many variables. Its future is filled with uncertainty: nobody can predict which way it will develop and what directions will be leading a few years from now. According to the International Federation of Robotics data, 3 million industrial robots are operating worldwide – the number has increased by 10% over 2021. The global robotics market is estimated at $55.8 billion and is expected to grow to $91.8 billion by 2026 with a 10.5% annual growth rate.
Robotics has been a technology to look out for to automate the business process. There are lots of robotics companies in India that provide robotics solutions and consulting services for businesses and industries. Robotics has brought a significant transformation in the Indian automation industry. Industrial robots has been necessary for the manufacturing process. Many companies have gone with robotics technology to automate their business processes, which will benefit them for the longer run.
Robots in factories have historically been unwieldy, dangerous, and confined to large industrial settings. But now, smaller collaborative robots are overcoming traditional challenges in the robotics industry. They're paving the way for robot technology that gets us much closer to our Jetsons-like future. When George C. Devol, inventor of the automatic garage door opener, pitched his programmable Unimate arm, he was initially met with skepticism. However, "the robot had one advantage immediately," said Devol. "And that is that a robot can work three shifts, or 24 hours a day." Get the free data-driven report to see how robots are revolutionizing factories and manufacturing.
We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - August 3. Join AI and data leaders for insightful talks and exciting networking opportunities. Until recently, there was no visceral sense that the largest challenge we face is fixing the planet. Responding to environmental problems was for too long viewed by big companies as a marketing strategy to target consumers who were more environmentally conscious than others. Today, the tides are, literally, changing, and sustainability is now mission critical for businesses as new wisdom has emerged that illustrates how being'green' is a catalyst for innovation and market opportunity. Climate tech companies can now leverage advances in visual data collection, computer vision and AI to bolster their bottom line by focusing on enhancing sustainable practices.
With demand for robots growing as companies in multiple sectors look for new ways to enhance their productivity and competitiveness post-pandemic, ABB has compiled a set of growth predictions, looking at key trends driving demand for robots in the coming year. "The pandemic accelerated far-reaching global mega trends – from labor shortages and supply chain uncertainty, to the individualized consumer and growing pressure to operate sustainably and resiliently – leading new businesses to look to robotic automation," said Marc Segura, ABB's newly appointed robotics division President. "As technology opens new opportunities for meeting customer demands, new trends will continue to emerge that will further drive demand in areas where robots have traditionally not been used." Based on customer conversations, market research and a global survey of 250 companies across multiple industries, ABB has identified three key trends that will shape the demand for robots in 2022. With many countries restricting and phasing out the production of combustion engine vehicles over the next decade, the race towards electric cars has accelerated.