Robotics and the Future of Robotic Actuators
Overview The robotics industry, specifically robotic actuators, continues to evolve at a breakneck pace. The actuator market alone is on track to reach a net worth of $59.5 billion by 2027, growing at a CAGR of about 14%. Reducing the number of unnecessary e-stops and enhancing safe operations are critical areas of focus. Innovative companies like 3Laws Robotics are addressing these challenges head-on, with their proprietary software 3Laws Supervisor and Control Barrier Functions (CBFs) technology.
Growing Actuator Market The role of actuators in modern-day robotics cannot be overstated, with their pivotal function in converting energy into motion. The market for actuator components in robotics is booming. The impressive growth trend is undeniably due to the widespread adoption of automation across industries and regions. Globally, the actuator market is projected to surge at a compound annual growth rate (CAGR) of approximately 14%. The net worth of this market segment is expected to hit a whopping $59.5 billion by 2027.
The Safety Challenge in Robotics In many robotics applications, safety is a key concern, and it contributes significantly to the overall reliability of the system. An unfortunate reality is that accidents related to robotic applications can be catastrophic, making safety a primary focus. In one study, a shocking 40% of surveyed robotics companies cited certification as their top challenge. This issue is further complicated by the fact that most safety methods currently employed, such as e-stops, can lead to unnecessary downtime.
3Laws – The Safety Enhancing Solution in Robotics
3Laws Robotics is using innovative software and technology to tackle the challenge of safety head-on. One of their key strategies includes developing robust safety features and displaying evidence of system robustness that allows for easier certification processes. 3Laws' proprietary software, 3Laws Supervisor, is based on Control Barrier Functions (CBFs), a technology developed at Caltech that provides mathematically provable safety. The software not only drives safe operations but can also reduce unnecessary downtime caused by e-stops and collisions.
Key Takeaways
- The robotic actuator market is booming, with projected growth at a CAGR of approximately 14%, reaching a net worth of $59.5 billion by 2027.
- Safety certification is a major hurdle for robotics companies, with 40% naming it their top challenge.
- 3Laws Robotics, with its innovative software 3Laws Supervisor, is creating solutions that enhance safety while reducing unnecessary downtime.
- The company’s software is built on Control Barrier Functions, which ensure mathematically provable safety.
3Laws Robotics is more than just a supplier of robotic safety solutions; we are a partner invested in your success. We aim to address one of the significant pain points for robotics companies—certification. Our software, 3Laws Supervisor, simplifies this process with a host of robust safety features that act as a testament to your system's robustness, potentially easing your certification path.
We know safety is non-negotiable. That's why our software is built on Control Barrier Functions (CBFs), a technology developed at Caltech that ensures mathematically provable safety. But we don't stop at safety. Our technology has helped clients, like an autonomous forklift customer, achieve a 40% efficiency gain, leading to a payback period of merely six months.
From warehouse automation to human-robot interaction, our technology has diverse uses and can adapt to several platforms, including mobile robots, cars, drones, and manipulators. Our real-time guardrails for autonomy stacks enable robots to operate at peak capabilities while maintaining safety.
Partner with us and unlock your robotic system's full potential with a next-generation safety solution that surpasses traditional methods. Together, let's deploy dynamic, predictive safety that can be safety certified for ISO 3691-4 and ISO 26262.