From everyday market consumers to innovative technologies like robotic simulation services, offline robot programming, AI, AR, and VR, one thing is for sure, the robotic technology in the future will reach places and fields that are unforeseen even today. So, researchers and market enthusiasts have already started to predict what the industry will be like in the future. Hovering over thousands of ideas and scenarios, they have come down to these top three predictions for the robotic industry.
The Robotics industry is continuously evolving and growing. Researchers estimate that the market for the robotic industry globally in 2020 was more than 27 Billion US Dollars. This figure, however, has high expectations to grow astronomically to more than 74 Billion US Dollars by 2026. Researchers also pair this expectation with an annual growth rate of 17.45%, which again believes it will grow more.
The mainstream market also reflects this growing influence of robotics. The demand for robots and robotic technology is increasing in industries and factories, and regular consumer space. It shows that the robotic industry will become more and more mainstream with its uses to be making places even in fields that we cannot foresee today.
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With the COVID-19 pandemic, industry and consumer trends are shifting. During the pandemic, automation and remote operations experienced a boom that saw changing needs among manufacturers and consumers. In addition, people working from home, communication technology was on top of its game, with industries relating to remote communications increasing in value and influence.
It also brings together the sensing technology along it. With automation of tasks, even daily tasks being in demand, the robotic industry and the consumer industry focus on automation and sensing technology that enables it. Moreover, with automation comes data. Hence the data-driven industries like cloud technology are also increasing. Today’s data industry is so big that the tech giants of the current world are determinants of the amount of data they control and can process.
Another significant technology in communication, the 5G technology, is also a rave among consumers and industry alike. With this, the robotic industry is also taking advantage of 5G technology, with robots being more capable of high-speed communication and being more data-driven than ever.
We can compile all this information and trends of the current world into three things: Mainstream consumer space, Automation, and the data-driven industry and communication and sensing technology.
The demand for robotic and other state-of-the-art technology is increasing in the mainstream market. As a result, consumers are getting warier with these technologies and are willing to invest in them. It shows that the mainstream consumer market is undoubtedly aware that robotics technology is the future.
Furthermore, with or without the pandemic, communication and sensing technology is increasing in adoption and innovation, giving the green light to the predictions for the robotics industry. But due to the pandemic, it experienced a rapid increase in its adoption and development. Moreover, with people working from home and companies emphasizing remote working, communication technology is experiencing a high rise in demand. It is no different in robotic technology. Since robots integrate other technologies that are very advanced and highly complex, communication and networking will experience colossal development.
Consumers will expect their devices to be able to communicate with them more seamlessly. Furthermore, every use case of any robotic technology will want to fully utilize this advancement in communication technology to enable different possibilities. With high-speed communication possible, fleets of robots will communicate more efficiently and rapidly, creating even more use cases. Furthermore, Fleets of communicating robots capable of working together as a unit to complete specific tasks together will also be a high possibility with newer communication standards like 5G.
Along with communication comes sensor technology. With sensors getting smaller with more efficiency but less power, it will be possible to use them even in unforeseen places and use cases. Furthermore, with home security systems improving daily and technologies like computer vision and natural language progressing, sensors adept at these technologies will also enhance more. So naturally, the robotics industry will also take advantage of this.
Since the robotic industry is mainly based around sensors and their capabilities, with the increasing efficiency of sensors, it will be possible to include more significant, more capable sensors in any robot.
Predictions for the robotic industry are getting wilder; however, the accomplishments don’t fail to amaze us. Like the battery technology is improving further, and these sensors are getting more and more power-efficient, it is almost certain that we will use various kinds of sensors in different fields that are even seen as not possible today. For instance, take our phones, for example. Mobile technology is improving at such a fast pace that with each increasing year or two, people feel obliged to upgrade their phones to a newer model since they have started to feel old even if they are only a year or two old.
Since phones are getting smarter, so are the sensors inside them. A smartphone has numerous sensors, from cameras to accelerators to some phones even having LiDAR sensors in them. Compare this advancement to only a decade back, when phones with even a camera were tough to find. It acts as a testament to how far sensing technology has come and is improving at a fast pace. Of course, this also applies to robotic technology.
With sensors getting more efficient, smaller, more powerful while being more power-efficient, it will be possible for robot developers to pack more robust and accurate sensors in their robots. It will enable more probabilities. Furthermore, with sensors comes to their data. Sensors are devices that extract enormous amounts of data. However, to process and handle this, data-driven technologies are promptly evolving, if not even more.
The data-driven industry is evolving at a pace that exceeded the predictions for robotic industries made before the pandemic. With almost all kinds of technology now capable of dealing with data, manufacturers are constantly packing their products with more data-driven features, thanks to the efficiency of processing units getting better. The data industry is so important today that the top tech leaders of the current world are determinants of the efficient utilization of data technology; with devices capable of collecting large amounts of data, whether, through sensors or user interactions, data-driven applications are certainly thriving.
With data comes technologies like Machine Learning, Deep Learning, and Artificial Intelligence (AI) applications. With AI comes the automation of the industry. The Robotics industry is undoubtedly at the forefront of automation technology, with humans having a vision of automated robots way back. However, what’s even more exciting about this data-driven technology is that it helps a robot have practical and smart applications and even helps to develop and build robots.
Innovative technologies like Simulations, AR, and VR will thrive under the data-driven industry after all these technologies rely heavily upon data. But with data-driven technology developing at a rapid rate, these technologies are also improving very fast. Moreover, simulations are now capable of imitating real-world environments and phenomena with very accurate physics engines. Robotic development is also possible with these technologies, especially since the robotic industry is a costly industry due to its high risk for humans and economic benefits and resource consumption.
Robotic research and development usually require many resources and skills willing to take a risk with high-value components, and research is for waste. Furthermore, since simulations and digital technologies like Robotic Simulation Services or Offline Robot Programming Software Platforms are mainstream, the future robotic industry will depend on these technologies.
With various advantages like rapid prototyping, faster and efficient designing process, fewer resources, and fewer requirements of highly skilled personnel, simulation technology will thrive in the future for the robotic industry. The robotic industry will design, test, develop, and research robotics inside simulations with technologies like digital twins.
The predictions for the robotic industry also indicate that the industries and production sites will be using technologies like Offline Robot Programming Platforms for teaching and programming robots, resulting in fewer downtimes and progressing more smoothly. It is because the robotic industry will have its core lying in digital technologies like these.
Robots of the future will also focus more on the human-robot collaboration where robots will be more capable of working together with humans. For this, integrating technologies like AR and VR in robotics and AI will be crucial. AR and VR will allow the robotic industry to venture towards complete digital premises along with remote technology.
Compiling all this information and trends in the world today, we can be sure that the future of the robotic industry looks to be very promising. From everyday market consumers to innovative technologies like robotic simulation services, offline robot programming, AI, AR, VR, one thing is for sure, the robotic technology in the future will reach places and fields that are unforeseen even today. With this, the top 3 most significant predictions for the robotic industry are: