The need for improved and accurate outputs is driving innovation in robotics across sectors such as aerospace and defense, oil and gas and industrial automation. Enhancements in component technologies such as cameras, processors and microphones have ramped up adoption levels in various sectors. Robots are widely used in various maintenance and safety-related applications. They are also gaining a strong foothold in the home automation segment.
New analysis from Frost & Sullivan (technicalinsights.frost.com), Robots for Maintenance and Safety, finds that the key drivers for the commercialization of robotics are the high accuracy levels achieved, increased productivity and safety of human labor.
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"Initiatives launched by industry participants will trigger rapid growth in the market in the next five years," notes Technical Insights research analyst Amritha Sridharan. "Advancements in robotics have been achieved mainly in the military and industrial sectors due to the huge financial assistance extended to develop and commercialize highly technical and expensive robots."
Observations reveal that the use of robots for maintenance-related activities enhances the overall quality of the task and ensures the safety of human workers, as they no longer are overseeing these hazardous tasks.
Although market prospects look upbeat, there are some challenges restraining forward momentum. The presence of networked embedded systems and proliferation of networks in homes and factories necessitates the smooth operation of robots in such an environment. Moreover, language understanding and dialog systems between human users and robots hinder the deployment of robots in consumer applications.
There is also a need to ensure the safety of co-workers, which poses hardware as well as software hurdles for manufacturers. This calls for extensive research and development initiatives from the universities as well as industry participants.
Strategic partnerships with companies in the robotics field will aid in new market penetration. Innovative products rolled out by startup companies expect to stoke growth in this market. Extensive standardization activities ensure the quality of the product, which, in turn, enhances the confidence level among the end users.
"Building and fostering good relationships with universities and independent research houses is essential to achieve optimization of the existing technologies in line with industry requirements," says Sridharan. "Financial support to participants with innovative ideas will go a long way in ensuring penetration of robotics into untapped areas such as power, agriculture and healthcare."
Robots for Maintenance and Safety, a part of the Technical Insights subscription, provides an in-depth analysis of the market drivers and restraints, industry trends and competitive environment in addition to the challenges and issues faced by market participants. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.
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Robots for Maintenance and Safety / D22F