Rod Turner

“Unlocking the Industrial Potential of Robotics and Automation” how leading consultants see the Robotics industry.

In 2023 consulting company McKinsey published “The 2022 McKinsey Global Industrial Robotics Survey”.

It is one of many studies published by consultants and market research agencies, predicting a significant growth in investments in robotics and automation indicating that industrial companies are poised to further invest significantly in robotics and automation, with 25% of capital spending expected to go toward automated systems over the next five years.

The sectors leading in automation spending are retail and consumer goods, with logistics and fulfillment projecting the highest share of capital spending. By 2030 some of the studies predict tens of billions of yearly spend. Whatever the final amount, there is to be a bright future for robots ahead, but robots that can truly make a difference.  That should not be a surprise seen the rise in safety requirements and the continued shortage of labor on all levels.

Despite the substantial investments, there are also many challenges to the adoption of robots including the capital cost of robots and more importantly a general lack of experience with automation.

Companies are concerned about integrating robotics into existing spaces, potential safety issues, and the machines’ ability to interface with products.

The survey further highlights the need for technology providers to assist industrial companies in overcoming challenges related to the technology selection, implementation planning, and skill set acquisition.

The benefits of automation are most evident in tasks like picking, packing, sorting, and quality assurance, while activities requiring high human input, such as assembly and welding, are less likely to be automated in the short to medium term.

Key challenges include difficulties in finding holistic, end-to-end solution providers and concerns about fitting robotics into existing systems. Many companies struggle to translate their intentions for robotics and automation into actions, with knowledge and return on investment being significant hurdles.

The survey further suggests that robotics and automation providers have a significant opportunity to help build the capabilities required for large-scale automation. Offering full-service models, including installation, integration, maintenance, and support, could be a differentiator. Price, scale, and innovation are critical factors for customers, and providers should offer cost-efficient, rapidly deployable, reliable, safe, and scalable solutions.

Automation providers that can move towards a robotics-as-a-service model and act as a single point of contact for maintenance may gain a competitive advantage.

The survey finally emphasizes that successful providers will be those who effectively help companies realize benefits from robotics and automation, enabling the scaling of technologies across markets and improving operational resilience.

The McKinsey conclusions resonates very well with Tractonomy Robotics. We support our customers in taking the right decisions, in creating an easy interfacing between robots and humans and other solutions in their operations, a smoothless implementation and integration and of course a fast RoI bringing together the key elements that make the road to automation, one without hurdles.

Read the survey summary here and get in touch with Tractonomy Robotics to discuss how easy our autonomous towing robots can be integrated in your operations here.

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