Market numbers have been estimated based on the average usage of packaging robots for different kinds of applications such as picking, placing, palletizing, de-palletizing, tray packing, case packing and filling among others. Market size and forecast for each segment have been provided in the context of global and regional markets. Market dynamics prevalent in China, Japan, South Korea, North America, and Europe have been taken into account for estimating the growth of the global market. Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends.
Think of someone making profitable trades for you 24/7 without any extra charge, without your presence, while you are sleeping and at a very less capital. Surprising? Well, technology has created robots to do just about the same for you with great accuracy than a broker or any individual and at a very less capital to start trading.
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”So robots will have to take on a bigger role in the assembly line. Many of those robots deployed on Chinese factory floors will be foreign-made though, according to Reuters. Despite government efforts to push the country’s robotics industry forward, foreign robot manufacturers still have a significant lead in the market for manufacturing robots in China. Foreign companies built 41,000 of the 56,000 industrial robots currently deployed in China, according to statistics from the International Federation of Robotics cited by Reuters.”
3D Seam Inspection. Poorly welded components break, causing products to fail. In the case of automobiles and aeroplanes, this often has disastrous consequences and costs lives. Robotic weld seam inspection and optimization is now the standard in many industries.
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.