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10 Ways Robots Will Change Manufacturing in the Next 5 Years

Robotics technology is promising to change just about every aspect of the electronics supply chain, from manufacturing to logistics and right to store shelves. Today’s robotics and artificial intelligence (AI) technologies are evolving rapidly to create a category called enabled robotics. Over the next five years, the high-tech industry will leverage this new generation of robotics in new and unexpected way to get business done. 

Dr. Jing Bing Zhang, research director, Worldwide Robotics and IDC Asia/Pacific Manufacturing Insights explained:

The advancement of robotics technology has entered into a new era of robotics with embedded and/or cloud-based artificial intelligence. In this new era of Robotics 3.0, intelligent robots are characterized by their ubiquitous sensing and connectivity, cyber-physical fusion, autonomous capabilities (such as cognition, decision making, and learning and adaptation), and more human- friendly multimode interaction. This development will have a profound impact on industrial robots and service robots (both commercial and consumer). Leading robotics technology vendors are already racing to develop and incorporate artificial intelligence capabilities into their product road map in order to stay ahead of the competition.

Global spending on robotics (including drones) and related services will grow at a compound annual growth rate (CAGR) of 22.8% from more than $82.5 billion in 2016 to $230.7 billion in 2021, according to IDC's 2H16 Worldwide Semiannual Commercial Robotics Spending Guide, published in June 2017. That figure spans a number of areas purchases of robotic systems, system hardware, software, robotics-related services, and aftermarket robotics hardware.

[ Father Says Robots Will Evolve. ]

We sat down with John Santagate, research director, Service Robotics, at market research firm IDC to get his organization’s perspective on the biggest trends that the industry will see. We wanted to understand the key drivers in this market, and how the development and deployment of robotics over the next five years.

“The capabilities of the technology are expanding and robots have the ability to do more,” Santagate said. “You can do processes that in the past were unable to be performed by a robot.”

The venture funding community, recognizing that trend is funding more robotics companies than ever before. In 2014, $340 million in venture capital went to fund 27 deals, according to the Robot Report. The following year, VCs spend almost a billion dollars on 43 deals, and last year they spent just under $2 billion on 128 deals.

Click on the image below to start a slideshow of IDC’s 10 predictions for robotics for industrial, commercial, and consumer applications in the coming years, from 2018 through 2021.

10 Predictions about Industrial Robots in the Next 5 Years

 

How do you see robotics changing your business? Let us know in the comments section below.

— Hailey Lynne McKeefry, Editor in Chief, EBN Circle me on Google+ Follow me on Twitter Visit my LinkedIn page Friend me on Facebook

14 comments on “10 Ways Robots Will Change Manufacturing in the Next 5 Years

  1. pacjones
    November 22, 2017

    There are controversial pros and cons for complete robotization of the manufacturing. For the employers and corporations, it gives an opportunity to cut the labor costs as you don't need to spend money for salaries. On the other hand, the expenses for quality control as a separate process, or for maintenance could be higher in some spheres than for a manpower. My personal opinion is that anything that moves the progress is a positive shift. But I' often hear some opinions and not so long ago read a sociology essay about the negative impact of the robotization. There were mainly the arguments about networking with people, but anyway, some comparisons were interesting to learn about 

  2. Embroidery Digitizing
    December 6, 2017

    What if the robots will evolve and take over mankind :O ?  

  3. moonka
    December 15, 2017

    This is the same basic system used in computer mice. These are the basic nuts and bolts of robotics

  4. moonka
    December 15, 2017

    This is the same basic system used in computer mice. These are the basic nuts and bolts of robotics

  5. MattieOdll
    May 30, 2018

    I don't think that robots could replace intellectual staff like writers or school/college tutors. If any routine task like homework assignment is needed to be solved than ok, it's possible but to create an unique text you have to take a different approach. I can show you on my own experience how it works. I'm a college tutor and last month I was creating an open class dedicated to the poem “The Journey” by Mary Oliver. I was using a lot of sources like AnswerShark to combine it into one unique essay. Robots never can do that

  6. williamlucas
    August 30, 2018

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    November 25, 2018

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    November 27, 2018

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  11. Rebsamen
    December 2, 2018

    what about Cyberdyne ?

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    December 3, 2018

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  13. andywilson
    February 6, 2019

    Robots will not only effect manufacturing, we can easily seen most of the jobs will be replacable by aritficial intelligence concepts.
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  14. norpelchairs
    June 26, 2019

    There's already some manipulator in our factory to processing welding and bending procedures. I think robots will change manfacturing but need longer time than 5 years

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