Robotic process automation has the potential to spark the next industrial revolution. Bots have been designed that can write literature and compose original music. They are so good at these seemingly ‘creative’ endeavours that humans cannot distinguish between music created by a software program and that by a human composer. Extrapolating from this, smart bots have also found application in developing computer programs and writing code.
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.
Robots bring a new industrial revolution. Adoption of industrial robots in non-automotive applications is occurring in the electronics, chemicals, pharmaceutical, and food & beverages industries. Industrial robots have opened up new market opportunities. High installation costs have been largely overcome, making industries in developing markets available to vendors. The adoption of robots in underdeveloped countries occurs because of the unavailability of skilled labor.
In the starting of the report provides overview of the industry including definition, products, applications, technology, its end users etc. Then, the report represents major payers of the Chinese market in at the intentional level. In this part, the report includes company profile, product stipulation, installed capacity, latest trend, competitor’s strategies, shifting product dynamics form the point of view of consumers and 2011-2016 market shares for each company. The reports represent statically data, generated revenue, production capacity, supply and demand, profit and loss, import and export and many more. The further market is segmented on basis of types, products, technology, end user, application, and geography whichever applicable for the competitive landscape analysis.
Other robots use machine vision systems to perform complex tasks, such as weld inspection and optimization in the automotive industry. These usually involve elaborate actions and motion sequences, which the robot may even have to identify itself.