Robot! And, the first thing that hits our mind is automation- a technology that is designed to carry out operations without human efforts. Well, the concept of robot is certainly not new. Rather, we are quite familiar with the term ever since our childhood. There would probably not be a single head who never fantasized about robots in their school days!! However, we are certainly not limited to the old-school notion of a man-like machine helping in several household chores anymore. With a number of technological innovations paving in the scenario, the use of smart robot has become indispensable in many industries. Also, more and more pioneering techs are being incorporated into robots. Deploying technologies like Artificial Intelligence (AI), machine learning, Augmentation Reality (AR) and machine vision, a smart robot can team up and work together with human resources. Simultaneously, it can learn from human behavior too.
Smart robots are exponentially being integrated into factories, bringing in incredible flexibility, productivity and precision. High-end developments in the world of robotics have not only made robots more user-friendly and intellectual, but have also paved the way for availing the technology in an affordable price. With these aspects on board, it’s no more a wonder that smart robots have secured their place in almost every field. From complex medical surgeries to industrial manufacturing, smart robots are now being used quite extensively.
With their suppleness to be capable of performing an array of tasks within a short span of time, they are, quite undoubtedly, more consistent and precise than human workers. Also, when it comes to improved production rate and profit margin, smart robots tend to amaze us beyond the bar. The fact that they have the ability to work around the clock saves company time to a significant extent. Again, right from dealing with toxic substances and lifting heavy loads to undergoing repetitive tasks, smart robots can get along with any sort of irksome as well as perilous task, thereby adding to their flexibility.
With productivity in mind, replacing human operators with robotic arms or robots is considered as a smart approach and that’s how the use of industrial robots has become quite prevalent. Moreover, apart from consumer robots, the market for special-purpose robots is also anticipated to come across huge gains in the coming years. Indoor drones, transport robots, rescue robots etc. are quite a few special-application robots to hint at. These smart robots can stretch out to areas human rescuers cannot. The fact that they or come with massive strength enables them to cat through much heavier objects than humans. Rescue troops in several countries have already taken recourse to smart robots to make their rescue work much precise and accurate.
Planning to try your hands on trading? Even then, a smart robot can help you in more than one way. When it would make you take decisions quickly, it would also help you not to incur losses. With a smart robot on board, you really don’t need to be a seasoned professional or technical expert to use any trading software. Yes, you won’t be requiring a degree too! A trading robot is even easier to interpret than you ever imagined! It’s just as simple as starting your computer, firing everything up in the system and innately placing trades. Provided, you are aware of the basic financial risks, smart robot gives you a good opportunity to start being involved in exploring the financial market.
According to Allied Market Research, the global
smart robot market is expected to garner a CAGR of 19.6% from 2018-2025. Rising growth in industrial automation, high-end robotics advancement in digital world and strong government funding for factory automation solutions have driven the growth of the market. Additionally, development of smart homes as well as offices and increasing concern for workplace safety have created multiple opportunities in the segment. On the other hand, high manufacturing costs have happened to restrain the growth to certain extent. Nevertheless, prevalence of a number of profit making companies has almost nulled this restraining factor.
To conclude, we can state that the smart robot market booms with immense potential indeed. Also, in the years to come, it’s expected to thrive yet more.
