Robotic Automation has made its way into many different fields of manufacturing. Robots perform tasks including welding, assembling, packaging, handling raw materials, and package packing. Robotic automation is being used by an increasing number of manufacturers for a wider range of applications.

Late adopters, who stand to benefit greatly from automation, are seeking answers to the following questions: Are robots too costly for our company? Is our company too small to profit from robotics? Is it difficult to programme and control robots? Would humans lose their jobs as a result of robotics? The short answer is no.

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How would these segments look like after COVID? And, if so, how would the transformation look?

The change to a post-COVID status is likely to see some reduction in spend and manufacturing volume before returning to more usual levels, focusing on the critical industries and the suppliers that support this market. In general, all business segments will need to ensure that their operations are in top shape to respond to a new increase in demand later in 2021.

Covid-19 has strained the supply of human labour to the breaking point, making it nearly impossible for food producers and processors to keep up with production demands, in addition to macro trends such as population growth and ageing, workforce upskilling, and government focus on food safety modernization. These circumstances present opportunities for automation technology manufacturers and system builders. In a nutshell, we are in the midst of the next great automation revolution!

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Major Highlights of the Market

The robotics industry's main trend, especially for machines used in manufacturing and inspection, is that demand is increasing. In 2019, the demand grew significantly, with orders for new robots pouring in throughout the year, resulting in $1.3 billion in orders in only the third quarter.
As the underlying technology advances, the market for fast, accurate, and dependable robotic automation is likely to rise even further. Manufacturing and inspection processes are still looking for ways to change, which means there's a lot of room for expansion and development. So much so that industry experts expect that by 2024, robotics will be worth more than $40 billion globally.
The Japanese robotics maker FANUC has been operating a “lights-out” factory since 2001, where robots build other robots completely unsupervised for nearly a month at a time.
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