The study provides historic data of 2015 along with forecast from 2016 to 2024 based on volume (units) and revenue (US$ Mn). It includes drivers and restraints of the packaging robot market along with their impact on demand during the forecast period. The report also comprises the study of opportunities available in the market for packaging robot on the global and regional level.
Robotic process automation bots can follow strong and comprehensive algorithms to tackle almost any kind of task. In case in encounters a situation in which it does not contain the appropriate instructions or sufficient information, it can simply raise the attention to a human supervisor. This makes it a great fit to replace many mundane operations that are currently performed by humans. Unlike a human employee, a software bot does not require holidays or salaries. Apart from the initial costs, which are related to establishing the required infrastructure and maybe modifying the extant processes to make it suitable for automation, there are no additional costs related to automation.
Industrial robots are commonly used to locate ships, control and clean nuclear waste, to discover and study underwater mineral deposits, and for volcanic examination. They are also used in space voyages and for the exploration and study of planets. In the medical field, industrial robots have been used to support surgeons and to assist with operations. Of late, robot technology has developed to the point where these appliances can operate on patients independently, with the doctor controlling it located in another part of the world.
In most cases companies are attracted to offshore manufacturing because of the tax breaks offered by the host. Also, some home countries do not levy taxes on profits made from overseas manufacturing as long as the profit does not come into the country. This is the other intoxicating factor that makes many companies to invest overseas so as to avoid this taxation.
Industrial robots find application in tasks such as repairing, welding, painting, grouping, allocating, product inspection and testing. Vehicle and manufacturing industries use these appliances to design auto parts, gather equipment and scrutinize manufactured parts. Industrial robots are substituted for manpower in perilous jobs, which require carrying out hazardous and unsafe tasks.