Robotics has been prominently put to use in the automotive industry. Robotics gets constantly upgraded with a number of innovations in dexterity, vision, mobility, connectivity and safety. Which is why apart from the automotive industry, many industries are coming forward to incorporate robotics in their manufacturing units. Almost 47 percent of the robotics market is non-automotive. This significant shift from the automotive industry becoming a non-automotive industry had beginning in 2018.
Donna Ritson, President of DDR Communications, at the Automation World Conference in Chicago, said that the consumer-packaged goods companies were really starting to deploy and add robots. As markets saw many robots being deployed in 2018, in some CPG markets the numbers almost doubled.
She also detailed on an industrial world in which manufacturers are taking advantage of the greater dexterity, vision, mobility, connectivity and safety of today’s robots to reap such benefits as increased throughput, reduced labor costs, improved worker safety, improved product quality and consistency, and more flexible manufacturing.
To find out what the industry had to say about robotics, DDR Communications conducted research on behalf of PMMI. The 2019 Robotics Innovation 2 Implementation report educates about input from a wide variety of sources-end users, OEMs, contract packagers, robot manufacturers, automation suppliers, industry experts, university innovators and more to detail the significant transformation in the robotics market.
“Robotics is really going to bring a revolution of change. It’s no longer just a tool. It’s really going to be something that’s going to change the manufacturing floor of the future. A new culture is evolving, with robots that are easier to use and cheaper to deploy. Likely, the industry is going to double in the next five years for robotics,” she said.
Though different companies are approaching Return On Investment (ROI) in many different ways, the report identifies six key variables commonly used to justify ROI in robotics:
• Reduced labor costs
• Increased throughput
• Total cost of ownership
• Improved quality/reduced waste
• Decreased worker injuries
• Measurable uptime
ROI was typically expected within two years, Ritson noted, but it was often fully realized within a year.