Technology

Rising labor costs and increased automation will set the pace for the global collaborative robot market

Collaborative robots, also known as cobots, are designed to help humans with a variety of dangerous tasks. The main concept of these robotic systems is to operate safely alongside humans in the same space, where the various strengths of humans and robots can be used efficiently. These robots are significantly less expensive and can operate in harsh conditions. It simplifies the work process in a short period of time, finishing it more perfectly and precisely than humans.

In recent years, the use of this type of robot has increased dramatically, driven by rising labor costs, the growing need for automation, and the expansion of robot capabilities. The ability to perform repetitive and tuff jobs for longer hours has increased acceptance of collaborative robots in several industrial areas. For example, heavy industries that use chemicals and high process temperatures can pose a serious hazard to humans. In such a situation, cobots can be a useful solution, as they work in any difficult condition without safety concerns with a reduced risk to the health of human employees. The decrease in the cost of sensors and computer power has lowered the overall costs of robots, increasing their presence in several small companies. Small and medium-sized companies offer significant opportunities for the market. This opportunity is driven by the fact that cobots are less expensive compared to traditional industrial robots. They can be easily trained and implemented, and have the ability to perform repetitive and mundane tasks for longer periods of time.

The collaborative robot market has gained great popularity in developed regions such as North America. The market is driven by factors such as increased investments to increase productivity and face competitiveness in the market. The North America region encompasses the US, Canada, and Mexico. The Canadian company Kinova Robotics has launched a robotic arm to help people with disabilities. In Mexico, the manufacturing sector is attracting enormously many foreign direct investment. Several major companies are investing in Mexico and using cobots to increase quality, reduce costs, and improve the safety of their workforce. The UK and other major European countries such as Germany, France and Spain have also seen an increasing trend for cobots, due to increased export opportunities and increased demand from the metal processing and chemical industry. In addition, Asia-Pacific has also shown a growing trend, due to its greater acceptance in various industries along with the increasing need to optimize product quality and the lack of availability of manpower. In the coming years, Australia, Singapore, the Philippines and New Zealand are expected to be the strongest market for the adoption of collective robots in various sectors. In addition, dramatic changes in economic development, poverty reduction and the adoption of advanced technologies have led to increased demand for these types of robots in South America, Africa and countries in the Middle East.

The exposure of these robots in countries such as Bolivia, Guatemala, Costa Rica, Ecuador, Peru and Colombia will help to evolve in the coming years. The Inter-American Development Bank (IDB) and SK Telecom had signed an agreement to deliver more than 900 units of Albert educational robots for 300 schools in Costa Rica. These smartphone-powered educational robots will help develop basic skills in arithmetic, algebra, and geometry. Furthermore, advancement in artificial intelligence would lead to the development of technologically advanced domestic and commercial collaborative robots. Recently, scientists are overcoming various engineering challenges and are making personal home robots. The introduction of brain-computer interfaces (BCI) has allowed machines to be instructed in the use of natural languages, which is a great success in the field of collaborative robots.

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