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The Burgeoning Industry of Robotics

#1: Developments & Applications in Various Industries

The sci-fi we used to be fascinated with sometime back, is today, all around us! For past a decade, a lot has happened in the field of science and technology, which has brought about a turning point in our lives.

Robotics has quite a lengthy past, though the science came into being in the 20th century only. It’s been decades since the technology advanced and led to a revolution. In past few decades, the robotics industry has experienced an exponential growth, especially in areas where precision and accuracy is required. The robotic devices are also used to perform repetitive tasks, and so they play a pivotal role in minimizing the extent of human fatigue, eliminating the chances of error. Not only this, these devices also ensure safety for humans, by replacing them in dangerous environments.

#2: The Diverse Forms of Robotics

The most evident fields where the robotics technology has been applied are – Healthcare Robotics, Medical & Surgery Robotics, Body-Machine Interfaces, Telepresence Robotics, Cyborgs, Exoskeletons, Industrial, House-Keeping, Military Robotics, Self-Driving Machines, Space Robots, Entertainment, Arts, Modular Robotics, Microbots, and Robotic Networks. Apart from this, the industrial processes have been made dramatically faster.

Robotics has often been considered as a threat to the human jobs but the reality is just the opposite. The technology added to the jobs requiring human resources, in various industries. In a few years, Robotics is expected to become a part and parcel of a good number of applications.

Technological innovations by pairing Robotics with AI will certainly lead to smooth running of even complex processes, giving a way to their intelligent automation. Robots our present age smart buddies have been accompanying us in every field, be it in corporate world, or eCommerce, or even in therapy guidance.

Some of the latest developments in Robotics industry are:

#3: Surgical Robotics

Surgical robotics involves computer-assisted surgical devices to be used in pre-operative preparations, navigation during the surgeries, and in surgical operations. These tools or devices help the surgeons to perform surgical procedures with precision. They use computer software systems for minimal invasive surgeries that involve smart techniques to operate, promising minimum risk and quick recovery time. Of course, these procedures are not possible without human intervention.

According to the Robot-Assisted Surgical Systems Market 2020 Global Report, it is that the global demand of these robot-assisted surgical systems will achieve a CAGR of about 10% during the period 2018–2023.

#4: Swarm Robotics

Swarm Robotics depicts the power of collective co-ordination. The science is inspired by collective potential of simple components that play their small roles to achieve great results. Unaware if the overall situation, these small contributors work at local level. The robots in swarm model are autonomous in nature but collaborate to perform the complete task. There are various applications of Swarm Robotics, especially where demand miniaturization is required, just like the human body. No single component can complete the task independently and certainly needs to collaborate.

Swarm Robotics is used on rescue operations wherein the tracking of victims is required. An article published in MDPI, in March 2019, in an open access journal, presents a deep insight into how Swarm Robotics is used on navigation and victim detection during the times of crisis.

#5: Social Bots

Social bots are the software agents that interact like humans, on social media platforms. Statistically it is predicted that 85% of customer interaction will happen on social media, without the human involvement by 2021.

These chatbots have automated customer support. They not just respond to the queries by users, but also collect information about them for further communication. In a matter of time, they develop a sense of trust among the users. They aid in organizing meetings with them.

For some users they become a source of entertainment by adding fun takes during conversations. They ensure great user-experience and also enhance curiosity levels as the users try to explore their abilities and keep interacting with them.

The dependency of business on chatbots has grown exponentially. According to Chatbot Magazine, $5 billion will be invested on these chatbots by 2021.

#6: Rehabilitation Robotics

The rehabilitation for people suffering from various physical and mental challenges may take long time to show improvements. The complex rehabilitation process may be difficult to carry out as it requires consideration in all aspects. The application of Robotics technology in rehabilitation is expected to bring along tremendous possibilities towards the taking the patients to the road to recovery.

Robotics in rehabilitation process is surely going to help in the treatment of various ailments.

According to the recent advances in rehabilitation robotics, now smarter wearable robots often referred to as ‘exoskeletons’ are being designed. The programmable device will interact with the body wearing it. They will assist the people with serious mobility issues, in their motor functions.

In a press release dated April 23rd 2020, it has been indicated that the global Rehabilitation Robotics market size is expected to grow with a CAGR of 15.8%, withing the period of 2020 to 2025. It was 135.9 million in 2019 and is further expected to touch 244.3 million by 2025.

The future for robotics technology holds limitless possibilities. The next decade is going to have robots paired with AI to perform a number of complex tasks, and to learn and improve on their own. The technology will collaborate with human abilities to take the world towards modern advancements of the next level.