The manufacturing landscape is undergoing a seismic shift. Driven by the relentless pursuit of efficiency, quality, and agility, factories are embracing a new era of automation powered by robotics and sophisticated software. This transformation, however, goes beyond simply deploying robots on the shop floor.
The true potential of these technological advancements can only be unlocked with a robust interconnected network, which is the critical and crucial missing piece.
The rise of robotics and automation
Robotics and automation are no longer confined to the realm of science fiction or futuristic concepts, but integral components of modern manufacturing. According to the International Federation of Robotics (IFR), the global market for industrial robots is expected to reach $70.84 billion by 2026, growing at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2026.
Sebastian AnanthaSwamy, Head of SAM Operations Bangalore, Continental Automotive India shares, “In the automotive industry, robotic adoption has reached significant levels, transforming manufacturing processes and efficiency. Robots offer precision, speed, and consistency, leading to improved quality control and cost reduction.”
This surge in robotic adoption is fuelled by several factors:
• Increased productivity: Robots work tirelessly, without breaks or fatigue, significantly boosting productivity. A study by the BCG found that companies using robots saw a 10-15% increase in productivity.
• Enhanced quality: Robots can perform tasks with precision and consistency, minimising errors and ensuring consistent product quality.
• Improved safety: Robots can handle hazardous or repetitive tasks, reducing the risk of workplace injuries for human workers.
This story is from the June 2024 edition of Manufacturing Today.
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This story is from the June 2024 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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