skip to Main Content
Cobots Continue To Gain Interest For Flexible Automation, Tipping The Market Over US$600 Million In 2021

Cobots Continue To Gain Interest For Flexible Automation, Tipping The Market Over US$600 Million In 2021

Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability, and convenience to end-users who struggle to afford more traditional forms of automation.

According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade. The market had a global valuation of US$475 million in 2020, which will expand to US$600 million in 2021 and US$8 billion in 2030, with a projected CAGR of 32.5 percent.

“The most direct benefit of cobots is not in their ability to collaborate with humans”, said Rian Whitton, Principal Analyst at ABI Research. “Rather, it is in their relative ease of use, improved interface, and the ability of end-users to redeploy them for different tasks”. This has made cobots popular with small and medium-sized enterprises (SME’s) which value flexibility and incremental automation where the maintenance cost is not prohibitive.

Universal Robots is currently the dominant player in the market, with 50 percent of the total shipments and posting US$219 revenue for 2020, but challengers like FANUC, ABB, and others are beginning to catch up after initially lagging in the space. They have done this by improving user interface and the usability of their systems

“The barriers between cobots and standard industrial robots are beginning to breakdown, as many vendors are experimenting with dual-mode robots that can have a cobot and industrial mode. What is more, cobots are beginning to develop heavier payloads, in line with evolving regulations” said Whitton. ABI Research projects that cobots are going to significantly expand the potential for automation for SMEs, while also enabling large vendors to develop a more flexible production line based on movable platforms and no need for fencing. The major industrial automation vendors will enjoy a greater share of the market as they utilise their existing partnerships and pour more resources into new cobot products.

 

Check these articles out:

2021 Metals Analysis Outlook: Optimising Production Through Connectivity

Automation On Demand

Collaborative Robotics Market Value To Reach $9.7 Billion By 2025

Doosan Robotics Launches New Cobots Including Support For Machine Tools

Rise In Demand For EVs To Reduce Carbon Footprint Creates Opportunities In Lithium-Ion Battery Packs Market

 

For other exclusive articles, visit www.equipment-news.com.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

Industrial And Manufacturing 2021: The Year For Additive, Digital Threads, And Industry 4.0

Industrial And Manufacturing 2021: The Year For Additive, Digital Threads, And Industry 4.0

In its new whitepaper, 68 Technology Trends That Will Shape 2021, ABI Research identify 37 trends that will shape the technology market and 31 others that, although attracting huge amounts of speculation and commentary, are less likely to move the needle over the next twelve months. “For success in 2021, especially after a very challenging 2020, one must understand fundamental trends early, and take a view on those trends that are buoyed by hyperbole and those that are sure to be uncomfortable realities. Now is the time to double down on the right technology investment,” says Stuart Carlaw, Chief Research Officer at ABI Research.

Additive Manufacturing Software Innovation Will Play Catch Up

“Additive Manufacturing (AM) is an ecosystem starting to open to third-party developers, and we will see this in 2021 with broader support for AM systems in IoT platforms, a much greater emphasis on simulation and integration of process parameters, and a market that will start to realise the disparity between hardware and software innovation and react with new solutions, and new programs that improve awareness, education, and integration. The reason these actions are inevitable is that production AM simply cannot happen without them,” says Ryan Martin, Industrial & Manufacturing Research Director at ABI Research.

Simulation Will be the Needle for Digital Threads

Manufacturers and industrial firms have been focusing efforts on creating a digital thread that keeps data flowing in a continuous loop between the engineering, manufacturing, and fulfillment teams. “However, in the face of the COVID-19 pandemic, digital threads failed to anticipate demand surges because machine learning was looking at historical patterns and did not provide firms with the ability to maintain production. In 2021, simulation will provide firms with an overview of their operations and stress test them to build resilience. Projects will look to simulate scenarios and run what-if analysis that covers both downstream events (in end markets or individual customers) and upstream events to simulate how to accommodate supply chain events in engineering and production departments,” explains Michael Larner, Industrial & Manufacturing Principal Analyst at ABI Research.

Smart Manufacturing Builds Momentum

“Smart manufacturing will continue to build on its momentum in 2021, but not until factory owners embrace 5G for their smart factory connectivity layer will they reap the operational benefits. Factory owners have been deploying industry 4.0 tools, such as condition-based monitoring, inventory management, and building automation using ethernet cable, but deploying wireless-enabled Industry 4.0 tools will bring smart manufacturing to its full potential. Applications like wearables (health and location/safety trackers) and AR are only possible with wireless connectivity,” states Jake Saunders, Vice President at ABI Research.

For other exclusive articles, visit www.equipment-news.com.

 

Check these articles out:

Fraunhofer Lighthouse Project futureAM Gets Metallic 3D Printing In Shape For Industrial Use

Industrial Automation Sector Amid COVID-19 Pandemic

Hexagon And Ericsson Host Joint Webinar On The Role Of 5G In Industry 4.0

Industry 5.0: The Future Of Manufacturing In 2035

Review: The Future Of Additive Manufacturing In Southeast Asia

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

Cloud-Edge And 5G Set To Propel Post-COVID-19 Value Creation

Cloud-Edge And 5G Set To Propel Post-COVID-19 Value Creation

More than ever, cloud compute and intelligence platforms should be as close to the source of data at the outer ‘edges’ as possible. The importance of cloud-edges is further highlighted in their relationship with 5G, which forms a symbiotic association with cloud-edge as a technological evolution of the cloud. Cloud-edge implementations promise new growth for the telecom industry. Revenue from cloud-edge AI chipset sales is set to grow from US$2.6 billion in 2020 to US$12 billion in 2025, at a compound annual growth rate (CAGR) of 36 percent , finds global tech market advisory firm ABI Research.

The synthesis of cloud-edge and 5G presents an opportunity for communications service providers (CSPs) to provide complete end to end solutions for enterprise verticals. For example, with their robust connectivity and 5G assets, the likes of AT&T, Telefonica, Verizon, and Vodafone could move up the value chain to service enablement layer for IoT, analytics, and other horizontal capabilities. “A combination of cloud-edge compute and 5G ultra-reliable low latency connectivity is going to be the bedrock to propel post-COVID-19 growth. This growth is not just for telecoms, but also for a multitude of asset-heavy industries as they embrace digital-first processes and operations,” says Don Alusha, Senior Analyst at ABI Research.

At present, there is no “right” business model for cloud-edge deployments. A key strategy for vendors like MobiledgeX, Ericsson, and Nokia is to target their products at the circumstances in which enterprises find themselves, rather than to enterprises themselves. In other words, the critical unit of analysis must be existing operations and associated commercial circumstances, not the customer. There is a mass of enterprise requirements that must be satisfied with cloud-edge implementations that do not fit the ‘one-size-fits-all’ profile. The ability to deploy edge-clouds across dispersed sites and supply chains in a uniform fashion is bound to be the defining feature to accelerate edge-cloud diffusion. This is particularly significant in a post-COVID-19 world where local compute, 5G, and fiber will continue to be the foundation for continued innovation and value creation.

As telecoms look closely at current market dynamics for cloud-edge opportunities, the key is to understand where it stands in terms of existing assets and complementary control points. The market for cloud-edge deployments promises growth, but it is composed of a plethora of players and technologies which must be intimately understood. At present, the industry does not have all the answers but should realize the choke points in the near term to obtain growth in the long run. For example, CSPs need a clear sense of the industry or industries) they currently serve and what additional opportunity falls within the boundary of cloud-edge as they take the lead to rejuvenate the global economy post-COVID-19.

“Lastly, hyper scale providers like Amazon and Microsoft are taking advantage of their lean operations to launch their cloud-edge offering. They have the vision to build capabilities close to the edge, but they do not necessarily have the penetration and distribution of network capabilities that CSPs have. Clearly, there is an opportunity to be addressed by somebody, but the jury is still out on who captures what parts of the emerging cloud-edge and 5G ecosystem,” Alusha concludes.

For other exclusive articles, visit www.equipment-news.com.

 

Check these articles out:

Vinfast Opens R&D Center In Australia

Interview With Jun Chie, Vice President & General Manager At Keysight

Smart Manufacturing Market to Reach US$573B By 2027

Frost & Sullivan: Digital Retailing And Vehicle Leasing To Propel Automotive Recovery Path

Global Spending on Defence Declines as Governments Allocate Funds to Reactivate the Economy

ASEAN Automotive On The Road To Recovery

The Global Aluminium Castings Market To Grow By US$32.1 Million Despite The Pandemic

 

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

Coronavirus Outbreak Reveals The Weakest Links In The Supply Chain

Coronavirus Outbreak Reveals the Weakest Links In The Supply Chain

For many firms, the outbreak of COVID-19 has meant staff working from home and more use of teleconferencing rather than face to face meetings. However, it’s a different situation for manufacturers because, despite investments in automation, reducing the need for staff on assembly lines, they still need to receive raw materials. The impact of Coronavirus is both global and unpredictable, and the supply chain shock it is causing will most definitely and substantially cut into the worldwide manufacturing revenue of US$15 trillion currently forecasted for 2020 by global tech market advisory firm, ABI Research.

READ: Coronavirus Hits Automotive And Aerospace Supply Chains

The virus will have both short- and long-term ramifications for manufacturers. “Initially, plant managers and factory owners will be looking to secure supplies and be getting an appreciation of constraints further up the supply chain plus how much influence they have on their suppliers,” explains Michael Larner, Principal Analyst at ABI Research.

In the longer term, manufacturers will need to conduct an extensive due diligence process as they need to understand their risk exposure, including the operations of their supplier’s suppliers too. “To mitigate supply chain risks, manufacturers should not only not source components from a single supplier but also, as COVID-19 has highlighted, shouldn’t source from suppliers in a single location,” Larner advises.

READ: Light In Thailand’s Economy Despite Coronavirus Outbreak

In software applications in the manufacturing setting, ABI Research forecasts that the supply chain impact of Covid-19 will spur manufacturer’s spend on enterprise resource planning (ERP) to reach US$14 billion in 2024. While many ERP platforms include modules for inventory control and supply chain management, in light of the outbreak, many manufacturers will also turn to specialist providers. Larner adds, “Supply chain orchestration requires software to be more than a system of record and provide risk analysis and run simulations, enabling manufacturers to understand and prepare for supply chain shocks.”

Industry 4.0 has received much attention; however, the focus has been on the activities inside the factory gates. “But investments in robotics or IoT sensors and the like assume that assembly lines receive a steady flow of raw materials. COVID-19 demonstrates that manufacturers need to be as focused on their supplier’s capabilities as they are on their factory floor,” Larner concludes.

 

Check these articles out:

Efficient Sawing In A Digitised Environment: Kasto Industry 4.0 Machinery And Equipment Are Key

HP-NTU Corporate Lab Showcases R&D Innovations And Announces Digital Manufacturing Skills Development Programme

Smart Data in the Metalworking Industry

Dyson To Manufacture “Made-In-Singapopre” Electric Cars By 2021

General Motors Cutting Jobs In Singapore Headquarters

ABB Supports Growing EV Market In Indonesia

Hexagon Launches Entry-Level Optical CMM For The Asia-Pacific Region

Marposs Joins 5G-SMART Project To Show How 5G Boosts Smart Manufacturing

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

ABI Research Names Siemens A Leader In Manufacturing Simulation Software

ABI Research Names Siemens A Leader In Manufacturing Simulation Software

Industry experts at ABI Research, a global tech market advisory firm, recently named Siemens a leader in manufacturing simulation software. Siemens offers solutions as part of Xcelerator, an integrated portfolio of software, services and application development platform, that can be used to simulate and model the behaviour of real-world production systems. Manufacturers are using Siemens’ software to create and leverage a comprehensive digital twin, enabling them to make confident design decisions and operational adjustments earlier in the process for smoother and more efficient production.

READ: Siemens On Data, Digitalisation, And Umati

“Siemens is a clear leader due to its market-leading capabilities that bring factory simulation, product digital twins, and virtual commissioning together, as well as their commercial strength in the smart manufacturing sphere and broad portfolio of interdependent technologies and software products,” said Ryan Martin, principal analyst at ABI Research. “Siemens’ presence across such a diverse range of software, technology, and hardware functions within the manufacturing value chain is a commercial asset it leverages to not only improve the efficacy of its simulation tools, but also their route to market.”

READ: Siemens Advances Digital Transformation With Its Advanced Manufacturing Transformation Centre In Singapore

There is increasing urgency for companies across industries to digitalise manufacturing to meet the demands of tomorrow, today. Companies who have already begun a digital transformation and embraced manufacturing simulation have been able to better realise desired production results. These companies can more rapidly execute on innovative ideas and explore disruptive manufacturing processes with confidence, knowing the decisions are based on proven simulation models and the comprehensive digital twin.

 

For other exclusive articles, visit www.equipment-news.com.

 

Checked these articles out:

Siemens MindSphere on Microsoft Azure Stack Goes Live in Singapore MindSphere Application Center

Thailand To Establish Committee For Electric Vehicles

Walter Strengthens Tool Offering With Acquisition Of Melin Tool Company

Sandvik Coromant Upgrades CoroPlus ToolPath For PrimeTurning Software

ABI Research Ranks PTC’s ThingWorx as Top Smart Manufacturing Platform

Global Aerospace 3D Printing Market Poised To Surpass $2,857 Million By 2024

ZEISS Acquires GOM To Furthers Its Goal of Technological Leadership in Industrial Metrology and Quality Assurance

Six Factors That Have Changed Bending Automation

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

ABI Research Ranks PTC’s ThingWorx As Top Smart Manufacturing Platform

ABI Research Ranks PTC’s ThingWorx as Top Smart Manufacturing Platform

PTC announced its ThingWorx Industrial Innovation Platform was ranked as the top smart manufacturing platform in ABI Research’s “Smart Manufacturing Platform Competitive Assessment.”

Platforms from 11 major vendors were analyzed by criteria such as innovation and implementation, including each firm’s overall business model, partnerships, product functionality, and system integration capabilities. ThingWorx received top scores in overall innovation, including its compelling use of augmented reality (AR) and tied for the top spot in its digital twin functionality and protocol adaptability and device connectivity.

“Industrial companies choose PTC to capitalize on the transformative value of the IoT, elevating their position in the competitive market and achieving the full potential of a smart, connected business,” said Jim Heppelmann, president and CEO, PTC. “We are honored by this accolade from ABI Research that recognizes our innovation and positions PTC as the industry leader. With the ongoing support from customers and our strategic partnership with Rockwell Automation, PTC will continue to deliver on our commitment to the industrial space.”

Additionally, PTC’s ThingWorx was rated the overall leading platform with advanced innovative initiatives across transformative technologies. ThingWorx is comprised of a rapid application development platform, advanced analytics, connectivity, machine learning, augmented reality, and integration with leading device clouds. Together, these beginning-to-end capabilities enable users to create revolutionary applications and services to achieve IoT-driven business transformation and support digital initiatives across various industries.

“PTC’s innovation in areas such as augmented reality, protocol adaptability and connectivity, and digital twin capabilities solidified the company’s spot as the industry leader,” said Pierce Owen, principal analyst, Smart Manufacturing, ABI Research. “Assessed by implementation and innovation, ABI Research recognizes PTC’s capability to advance industrial transformation and revolutionize the industry.”

The recognition from ABI Research continues a long string of industry recognition from press and industry analysts around the world, including Forrester, 451 Research, Compass Intelligence, Experton Group, Gartner, IDC, IoT Analytics, Berg Insight, IoT ONE, and Quadrant Knowledge Solutions. Most recently, PTC’s ThingWorx has been heralded as the leading platform from Constellation Research and has been awarded IoT Evolution Product of the Year.

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

Back To Top