The number of robots used in palletizing, logistics, packaging and materials handling are expected to double in just the next five years, according to a report issued recently by a London-based research group.
The report — “Robots: Market Shares, Strategy and Forecasts Worldwide, 2014 to 2020” — was compiled by the WinterGreen Research after researchers interviewed 25 market leaders and more than 40 market participants.
Use of robotics is expected to grow so rapidly because industries are finally embracing the cost benefits of automation, according to the report.
“As production of goods and services embrace process automation, logistics robots are being used to adapt conveyor belts, end of the line tasks, and loading to a flexible systems approach,” the researchers wrote in their report summary. “Process automation depends on introduction of new logistics capability. Robots are set to bring a new industrial revolution more important than anything seen before.”
Susan Eustis, the report’s lead author, said new technologies are being introduced to the market every day.
“The opportunity to participate in industrial logistics robotic markets is compelling,” Eustis said. “This new market is evolving as new automated process based on breakthroughs and innovation in technology, optics, cameras, nanotechnology, new materials, thin film batteries, and sensors are among the technologies being put to use in innovative ways in robots. The ability to apply any technology from any company is phenomenal.”