Robotic Automation and the Future of Computer Terminal and Computer Peripheral Equipment Manufacturing
Overview:
The future of computer terminal and computer peripheral equipment manufacturing industry is rapidly transforming with the advent and integration of robotic automation. Statistics referenced in this guide highlight the expected growth of this sector, the reduction of production and labor costs, and the projected increase in productivity followed by the adoption of robotics.
The Expected Growth of Robotics in the Manufacturing Sector:
According to a recent report by Allied Market Research, the global robotic automation market is anticipated to reach $189.36 billion by 2027, growing at a compound annual growth rate (CAGR) of 11.2% from 2020 to 2027. The computer terminal and computer peripheral equipment manufacturing sector are expected to be major contributors to this growth. This rise is primarily driven by the manufacturers' need to reduce production costs, enhance product quality, and meet international production standards.
Production and Labor Costs Reduction:
As per the Boston Consulting Group, companies implementing industrial robotics in their manufacturing processes can expect to reduce their production costs by up to 16%. With robotic automation, the computer terminal and computer peripheral equipment manufacturing can minimize labor costs, as robots are capable of performing tasks typically performed by human workers. Furthermore, robots can work continuously, leading to significant cost savings on overtime pay, benefits, and other employee-associated costs.
Increase in Productivity:
A study by McKenzie suggests that implementing robotic automation in the manufacturing sector can increase productivity by 20-30%. In the computer terminal and computer peripheral equipment manufacturing industry, robots can accelerate the manufacturing process, increase product precision, and quality, which can significantly boost productivity. Robots offer consistent and precise production, reducing the chance of errors that can slow down the manufacturing process.
Key Takeaways:
• The robotic automation market is set to witness considerable growth, with a CAGR of 11.2% from 2020 to 2027. • The use of industrial robots can lead to a reduction in production costs of up to 16%. • The implementation of robotic automation can boost productivity in manufacturing by 20-30%.
3Laws Robotics and Its Support to the Computer Terminal and Computer Peripheral Equipment Manufacturing Industry:
3Laws Robotics is at the forefront of this transformation, offering innovative software solutions that enhance the safety and reliability of robotics systems. Central to 3Laws' mission is addressing the challenge of certification, a significant concern for many robotics companies. 3Laws Supervisor, their proprietary software, offers robust safety features and robustness evidence, potentially simplifying the certification process.
Built on Control Barrier Functions (CBFs) technology, developed at Caltech, 3Laws claims to provide mathematically provable safety. As such, 3Laws has demonstrated its effectiveness in several use cases across diverse industries. In the warehouse automation sector, for example, 3Laws assisted an autonomous forklift customer in achieving a 40% efficiency gain. This led to a 6-month payback period, signifying a notable return on investment.
Further, 3Laws' focus on human-robot interaction enables safe and uninterrupted operation, meeting the increasing need for collaborative robotics solutions. Innovations in reactive collision avoidance capabilities also enable robots to navigate effectively in dynamic surroundings, enhancing operational efficiency by reducing unnecessary downtime.
By offering real-time guardrails for autonomy stacks, 3Laws Robotics enables machines to operate closer to their peak capabilities while ensuring safety — a key feature for industries such as computer terminal and computer peripheral equipment manufacturing. As its software is adaptable to a wide range of platforms, including mobile robots, cars, drones and manipulators, and compatible with popular robotics middleware like ROS and ROS2, 3Laws proves to be the next-gen safety solution that pushes beyond the boundaries of traditional safety measures. By offering proactive, dynamic, predictable safety solutions, 3Laws Robotics allows innovation to flourish whilst assuring safety standards are met for certification under ISO 3691-4 and ISO 26262.