Robotics Process Automation Trends to Watch Out For In 2021
The new-age industrial revolution is powered by the large-scale deployment of robots that have been designed to be extremely efficient manufacturing partners. Over the last decade, processes such as welding, painting, assembly, labelling and packaging activities have been dominated by robots who have successfully replaced humans on the job. Now, with high-end technologies and improved use of AI and high-level languages, automation is all set to undergo a paradigm shift in the coming year. The impact of COVID-19 has also required novel solutions to bridge the gap between human intelligence and manufacturing excellence with a special focus on automatic assembly, scheduling, guidance and recovery of errors.
Here are a few trends that you can expect this 2021.
Increased Spend
As we mentioned earlier, the impact of COVID-19 has resulted in innovative solutions that have improved the efficiency of complex supply chains. In fact, its impact is projected to increase the market capitalisation of the industry from USD 45 billion in 2020 to USD 119 billion by 2030. With a CAGR of 15%, the industry would become more mainstream across several sectors.
This increase can be attributed to the measures of government bodies and factories in reducing the adverse effects of the virus for the workers. Companies that have effectively implemented innovative RPA solutions have effortlessly cleared the backlog of orders and are projected to improve their efficiency in the coming year.
Demand For Collaborative Robots
Collaborative robots will challenge traditional work environment norms and go out to drastically improve conditions and reduce manual intervention in uncaged conditions. By combining the efficiency of a robot with the assistance for human cognizance, companies will be able to improve their manufacturing efficiency while reducing incidents of injury or disruption.
The shift in focus of the RPA industry needs to be understood in conjunction with the broader shift in how human resources are skilled. The replacement of unskilled labours with rudimentary robots is attributed to the cost-effectiveness of robotics as well as the improvements in an RPA’s possibilities of work. These two will continue to make automation easier, cost-effective and extremely profitable for companies that use them intelligently.
At MCI Robotics, we develop innovative solutions that allow companies for every scale and size to use the technology to create a competitive edge in their manufacturing. Our developers and engineers understand the trends and expectations of various sectors and design industrial robots that will truly allow you to focus on your business while our machines take care of the rest. To know more about our products and services, get in touch with us now.