According to Research Analyst, principal author of the market research study, “Industrial robot vendors have discovered that with intelligent use of new technology, they can dominate an aspect of some manufacturing automated process for a particular sector. As the early adopters in the auto industry have proven, robots do the work cheaper and better than humans once a repetitive process has been evolved. Industrial robots make the difference between winning competitive advantage or losing it. Solutions offered by vendors are creating market growth opportunities .”
Machine vision systems comprise high-resolution cameras linked to powerful image processing software. They make for efficient handling and control, and work without wear and tear even under demanding manufacturing conditions. Machine vision systems achieve high success rates, and ensure smooth production without manual intervention or supervision, even in unpleasant environmental conditions.
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Analysts say that the use of robots has moved away from the large, expensive machines used for the most recent years in industries such as the automotive sector, to much more complicated robots that are more capable of completing more complex tasks. This enhances the competition inside the economy, basically providing a staple to go off of. Without scaling up to competition, companies can have severe, negative impacts as a result of not competing with industry innovation. According to Boston Consulting Group, investment into robots will rise 2-to-3 percent annually. Taking away one of the major staples to the manufacturing industry, and having blue-collar working people, would stop this annual growth and have an impact on the economy and competition.
Robots are made up of easily available materials. Steel, cast iron and aluminum are commonly used for making the arms and bases of robots. In mobile robots, rubber tires are fixed for smooth and quiet operation. Robots may be electronically operated and also laser or radio controlled. The exposed parts of the robot are enveloped with flexible neoprene sheaths and bellows.
The flipside is that offshore manufacturing leads to job losses in the manufacturer’s country of origin, but then this again creates an extra incentive for those workers who have lost jobs to work hard so as to scale the high value jobs which their country has a comparative advantage to produce.