Cobots and the Future of Automobile Dealers
Overview:
In the near future, Cobots, or collaborative robots, are expected to revolutionize the automobile dealership industry. Opportunities for integration of cobots range from precision-oriented tasks such as car detailing to customer services like vehicle demonstrations. The following guide presents an analysis of key benefit areas, current adoption rates, and detailed insights into future potential. Pronounced statistics featured include: 35% existing use of cobots in the automobile industry; projected contribution to a revenue boost of $24 billion by 2025; and an anticipated CAGR of +45% in the global collaborative robot market.
Existing Adoption and Potential of Cobots in the Automobile Industry:
As of today, 35% of all current applied robotic automation solutions in the automobile industry are cobots. This rise in cobot integration is attributable to increased demands for precision and the necessity to minimize costs without compromising on quality. Future projections in the auto dealerships market see a potential for cobots to be integrated into detailed tasks such as car detailing, inspections, and even test drives, all while reducing human workload.
Cobots and Profitability:
Cobots are projected to contribute to a revenue boost in the automobile industry, projected to reach $24 billion by 2025. At the heart of this revenue injection are the underlying benefits cobots bring about: increased efficiency, reducing costs, and the ability to maintain operations round the clock. Cobots are turning out to be a profitable investment for dealerships, returning the initial investment within a short span and subsequently enhancing the bottom line.
The Future Market and Growth Rates:
With the advent of sophisticated technologies and widespread recognition of their potential, the global Collaborative Robot Market is projected to grow at a compound annual growth rate of +45%. This further validates the future potential for cobots in revolutionizing the automobile dealership industry and highlights the necessity for businesses to adopt these facilitating tools to stay ahead of market dynamics.
Key Takeaways:
• Cobots already constitute 35% of integrations within the current automobile industry.
• By 2025, cobots are projected to bring a revenue boost of $24 billion to the automobile industry.
• The global Collaborative Robot Market is projected to grow at a CAGR of +45%, thereby expanding cobot integration in auto dealerships.
At the cusp of this robotic technological revolution stands 3Laws Robotics, a firm dedicated to enhancing safety and reliability in robotics systems. 3Laws specializes in the often challenging certification process for robots, a significant concern in the industry. Using their specially designed software 3Laws Supervisor, they offer robust safety features and evidence of system robustness which simplifies and streamlines the certification pathway for users.
Based on the groundbreaking technology of Control Barrier Functions (CBFs) developed at Caltech, 3Laws supervisor can mathematically guarantee safety in robotic operation. The software's versatility has been demonstrated across diverse industrial and application scenarios. For instance, in warehouse automation, it has helped users achieve a staggering 40% efficiency gain with 6-month payback periods.
3Laws is narrowing the gap between humans and robots, enhancing human-robot interaction, and introducing safe and uninterrupted operation of robots amidst humans addressing the growing need for collaborative robotics solutions. Their predictive and proactive approach allows robots to operate closer to their peak capabilities while maintaining safety, reducing unnecessary downtime from e-stops or collisions, enhancing operational efficiency. Given its safe and robust design, 3Laws Supervisor is compatible with popular robotic middleware such as ROS and ROS2, and with a wide variety of platforms including mobile robots, cars, drones and manipulators. In sum, 3Laws Robotics is at the forefront of next-generation safety solutions and has the capability to unlock the full potential of robotics by integrating dynamic, predictive safety into robotic operations, meeting or exceeding safety certification standards such as ISO 3691-4 and ISO 26262.