Robots and the Future of Household Appliances and Electrical and Electronic Goods Merchant Wholesalers
Overview: As technology advances, household appliances and electrical and electronic goods merchant wholesalers are experiencing radical shifts in their landscape. Robots are rapidly becoming integral components in household appliances with an expected compound annual growth rate (CAGR) of 22.4% from 2020 to 2027. The energy and time-saving potential of robotic applications in household appliances are numerous while wholesalers, who facilitate the availability of these products, will reap significant benefits from efficiency in operations.
Household Appliance Robotics: The global household robots market size was valued at $6.26 billion in 2019 and it is expected to reach $18.81 billion by 2027, exhibiting a CAGR of 22.4% from 2020 to 2027. Technological advancements such as machine learning algorithms, artificial intelligence, and improved battery power are helping to fuel this growth. Household robotic appliances that are making headway include vacuum cleaners, dishwashers, cooking appliances and more. These products can offer substantial energy and time-saving benefits to consumers, thereby increasing their demand.
Wholesale and Distribution Sector: The electrical and electronic goods merchant wholesalers sector is on the verge of a robotics revolution. With automation technologies being implemented across various industry verticals, the wholesale and distribution sector can stand to gain from increased efficiency in processes. A study by McKinsey estimates a 53% potential for automation within the wholesale and distribution industry. This will lead to efficient logistics, improved inventory management and a more streamlined supply chain.
Robots in the Wholesale and Distribution Sector: Robotic technologies such as automated guided vehicles (AGVs), picking robots, and collaborative robots (cobots) are finding applications in the wholesale and distribution sector. They facilitate quick deliveries, reduce human error and ensure smooth operations. A retail study found that automated warehouses could be up to 65% more efficient than those run by human beings alone, highlighting the potential for significant cost savings in the sector.
Key Takeaways:
- Robotic appliances are projected to see a CAGR of 22.4% from 2020 to 2027, driven by improved technologies and consumer demand.
- Electrical and electronic goods merchant wholesalers sector can benefit from robotics, with a 53% potential for automation identified.
- Use of AGVs, picking robots, and cobots in wholesaling and distribution could lead to 65% increased efficiency.
The needs of the future described above could be greatly supported by 3Laws Robotics.
3Laws is developing innovative software to enhance safety and reliability for robotics systems. Their primary focus is addressing the challenge of certification - a significant pain point for robotics companies.
Their software, 3Laws Supervisor, aims to simplify this process by offering robust safety features and evidence of system robustness, with the goal of easing the certification path. The software is built on Control Barrier Functions (CBFs), a technology from Caltech that offers mathematically provable safety.
3Laws' technology has found various applications, including warehouse automation, human-robot interaction, and dynamic environments. Its features help achieve great efficiency gains, safe operation in human collaboration, and effective navigation in unpredictable environments.
Additionally, 3Laws seeks to optimize operational efficiency by limiting downtime caused by unnecessary e-stops or collisions. Their software provides real-time guardrails for autonomy stacks enabling robots to function in proximity to their peak capabilities all the while maintaining safety.
The software is adaptable, working with a broad range of platforms such as mobile robots, cars, drones, and manipulators. It also synchronizes with commonly used robotics middleware such as ROS and ROS2.
3Laws is thus a next-generation safety solution that offers proactive and safety certifiable solutions that go beyond traditional e-stop methods.