How Commercial Robots are Helping the Materialization of Industrial Revolution 4.0?
Commercial robots are one of the most innovative technological advancements in the recent past. These humanlike machines have been beneficial to almost every sector- be it agriculture, defense, or manufacturing. Leading technology companies have started investing heavily in this market due to the rising demand for commercial robots from different industries. Furthermore, the emergence of technologies such as Artificial Intelligence and Internet of Things has opened new opportunities for the commercial robots industry.
Robotics, along with Artificial Intelligence (AI) and Internet of Things has boosted the imagination of engineers and researchers around the world and has expanded the scope of numerous industries and sectors. Of the several factors of robotics technology, commercial robotics is turning out to be an industry in itself, so much so that many leading market analysts consider the commercial robots market as a separate subject of market study altogether. A glance at the market research report published by Research Dive underlines this very fact; as per the report, the global commercial robots market is expected to generate a revenue of $85,166.1 million during the 2022-2031 timeframe.
How Commercial Robots are Introducing Much-Awaited Transformations in Different Sectors?
The commercial robots industry is now largely being considered as an independent industry rather than being considered as a sub-segment. The primary reason behind this surge is that, in the last decade or so, commercial robots have played a pivotal role in revolutionizing various sectors and industries. Agriculture, healthcare, manufacturing, and other sectors have revealed their true potential by taking advantage of the power of commercial robots.
The healthcare sector, for example, has benefited from the introduction of robotics in every stage, right from diagnostics to post-treatment rehabilitation. Commercial robots designed for the medical industry assist doctors in early diagnosis of chronic diseases like cancer, diabetes, kidney failure, cardiac problems, and others. This becomes rather important as in such diseases early diagnosis helps the doctor to start the treatment at the ailment’s preliminary stage which might ultimately become the most important factor in saving the patient’s life. Same is the case with respect to performing complex medical procedures like surgeries; by simplifying these procedures, medical robots save invaluable time, thus resulting in quick recovery of the patient.
Agriculture, similar to the healthcare sector, has benefitted majorly from the robotics revolution. In the last few years, commercial robots of different kinds have been used in the agriculture and food processing sectors. These robots have reduced the input cost of farmers in the long run, while at the same time scaling up their share of profits. Agricultural drones, for instance, have reduced the cost of manual labor involved in spraying of pesticides and application of fertilizers. Agricultural robots designed specifically for weather forecasting and climate monitoring have been one of the most advanced innovations which have aided farmers in deciding on their cropping patterns and harvesting schedules.
The service industry, too, has also benefited from the commercial robotics; the logistics sector has been at the forefront of adoption of commercial robots. Robots developed for certain niche tasks like warehouse support, transport, packaging, and others, have helped the global logistics industry in streamlining their operations like never before. This has, in turn, made supply chains more resilient and protected from supply-demand disruptions, which has boosted the idea of globalization.
However, no sector has benefited from the robotics industry as much as the manufacturing industry. Engineering experts and researchers expect a complete makeover of the manufacturing sector in the next few years. Self-driving cars is a case in point; advanced technologies like robotics, artificial intelligence, big data, and natural language processing have assisted automobile manufacturers in ‘instructing’ cars to navigate through roads brimming with pedestrians and other vehicles. These self-driving cars, built by commercial robots understand different road signs, traffic signals, and can even shift speeds on the basis of the traffic present on the roads. Thus, be it healthcare sector or the manufacturing industry, robotics has something to offer for every industry.
Future Course of Commercial Robots in the 21st Century
Multinational technology giants like Honda, 3D Robotics, Inc., Northrop Grumman Corp., Alphabet Inc., and others, have invested heavily in R&D of different kinds of commercial robots. Moreover, governmental spending of various countries across the world has also increased in the last few years, especially in the field of defense robots. Though the design and development of robots is a time consuming and costly process, the entry of new market players is expected to resolve these issues in the upcoming years. With the major barrier of high production cost being sorted out, it would not be an understatement to say that the 21st century belongs to commercial robots.
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