The industrial robots have not yet achieved economies of scale, illustrating the market opportunity that will come quickly after economies of scale are achieved. New technology and improved controllers open the path to economies of scale for industrial robots. As this occurs a new industrial revolution will occur. There are massive numbers of products offered by each major industrial robot vendor. Product consolidation is occurring in the market. Customization of a few products to increase product volume hold the promise of changing the market so it functions at a level that means devices that basically have eluded economies of scale in the past, will now be able to be mass produced.
Notice the use of ”deployed” instead of ”employed” and consider how that might change in the near future. Remember China’s labor costs are only a few dollars a day and they are rising ever so slightly, and they already see how they can save money, you think that wouldn’t happen here if we get a 40% increase in minimum wage overnight by Federal Government decree usurping our personal right to free contract? Think about it.
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The prominent companies operating in the market are Dyson Ltd., Ecovacs Robotics Inc., Infinuvo, iRobot Corporation, Koninklijke Philips N.V., LG Electronics Inc., and Neato Robotics Inc., Intellibot Robotics LLC, Yujin Robot Co. Ltd., and Samsung Electronics Co. Ltd. They have adopted strategies, such as expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, new product launches, and others to strengthen their position in the market.
These label applicators can use other accessories like timers of product sensor which are used for the application process delay, a warning beacon works as a visual display for applicator and printer errors, a product sensor that works as an automatic trigger device sending a start signal to the applicator, a foot switch that works as a manual trigger that sends a start signal to the applicator when pressed, and an external winder or re-winder that accommodates many sizes outer diameter rolls of label stock and allows for quick media replacement.
Invention of Robots has brought about revolutionary changes in the field of industrial manufacturing. In the earlier part of the century humans were engaged in jobs, which were very dangerous and involved serious health hazards, but in 1956, Unimation a company founded by George Devol and Joseph F. Engelberger invented the first robot. These were initially used in industries where it was required that dangers involved in working should be reduced like in spot welding, die casting and forging and then gradually they were employed in areas requiring greater strength and accuracy than human beings.