Robotic Automation and the Future of General Purpose Machinery Manufacturing
Overview
The manufacturing industry is deemed to evolve rapidly with the advent of robotic automation and general-purpose machinery in the near future. Notable advancements, along with numerous astounding benefits, have put robotics at the forefront. This guide encompasses key aspects of this pivotal change, providing insights into robotic automation's influence on general-purpose machinery manufacturing, the predicted growth, how companies are adopting this innovative technology, how it directly impacts labor market statistics, and how 3Laws Robotics is contributing to this dynamic development.
Robotic Automation: The New Norm in Manufacturing
Industry insights suggest that the global robotic automation market is set to grow at a rapid pace, with projections estimating it to reach $210.3 billion by 2025, growing at a Compound Annual Growth Rate (CAGR) of 11.5% from 2020. Indeed, around 84% of businesses that have introduced robotic process automation (RPA) into their operations indicate that the technology has met or surpassed their expectations for improved productivity. This lucid manifestation of the efficacy of robotic automation has led to its widened adoption in the manufacturing sector.
Impact on the Labor Market
Undeniably, the advent of automation has triggered substantial labor market changes. The World Economic Forum estimates that around 42% of tasks in the manufacturing sector will be automated by the year 2022. Concurrently, 1.7 million jobs could potentially be lost to automation by 2026. However, these statistics must be reframed in the context of job creation. Contrary to a widespread fear of job loss, robotic automation is likely to give birth to 12 million new jobs globally within the next five years.
Companies Embrace General Purpose Machinery Manufacturing
In the race towards Industry 4.0, numerous companies are now pivoting towards adopting general-purpose machinery manufacturing. A survey by the Manufacturing Technologies Association reflected that 80% of manufacturers are ready to invest in new technologies, with 70% viewing automation as vital for competitive gain. This shift is driven by the desire for increased productivity, precision, and efficiency that these next-generation machineries guarantee.
Key Takeaways
- Robotic automation in manufacturing is growing significantly at a CAGR of 11.5% and is predicted to hit $210.3 billion by 2025.
- While around 1.7 million jobs may be lost to automation by 2026, it is expected to help create 12 million new jobs globally in the same timeframe.
- A bulk of manufacturers, around 80%, are reportedly eager to invest in new technologies and see automation as essential for competitive advantage.
To cope with the wave of robotic automation, 3Laws Robotics provides a set of distinct solutions. Developing advanced software to enhance safety and reliability, 3Laws addresses key challenges, such as certification that robotics companies face. Their innovative software, the 3Laws Supervisor, is built on a technology known as Control Barrier Functions (CBFs) developed at Caltech.
Illustrating several impressive use cases, 3Laws’ technology spans various industries and applications. Whether it is achieving substantial efficiency gains in warehouse automation, ensuring safe human-robot interaction, or deftly navigating in dynamic environments, 3Laws’ solutions demonstrate widespread applicability.
Significantly, 3Laws advances operational efficiency by reducing downtime and enables robots to operate at their peak capabilities while ensuring safety. With the adaptability to work with numerous platforms and compatibility with widely used robotic middleware, 3Laws Robotics stands as a next-generation safety solution that usurps traditional e-stop methods, offering a proactive approach to safety. Hence, 3Laws pushes the boundaries of robotic capabilities with dynamic, predictive safety that is aligns with ISO 3691-4 and ISO 26262 certification standards.