The Internet-of-Robotic-Things is an emerging autonomous robotic system with the Internet of Things (IoT). Growing the e-commerce industry and increasing application areas owing to the integration of robots with various technologies is boosting the Internet of robotic things usage. Moreover, with improved IT infrastructure across the globe, the market will show robust demand over the forecasted period. There are various applications of the internet of robotic things such as assisted living, precision farming, packaging and dispatching goods in manufacturing and logistic applications, cleaning and maintenance of civil infrastructure, waste collection and recycling, to mapping, inspection and etc.This growth is primarily driven by Increasing Application Areas owing to the Integration of Robots with Various Technologies and Growing Automation and Robotics Infrastructure is Enhancing the Global Demand.
Globally, a noticeable market trend is evident Adoption by the E-commerce Industry. Major Players, such as Abb Ltd. (Switzerland), Kuka Ag (Germany), Irobot Corporation (United States), Fanuc Corporation (Japan), Amazon.Com, Inc. (United States), Google, Inc (United States), Cisco Systems, Inc. (United States), Intel Corporation (United States), Honda Motors Co., Ltd (Japan), Yaskawa Electric Corporation (Japan), Northrop Grumman Corporation (United States), Aethon Inc. (United States), Blufin Robotics Corporation (United States) and Omron Adept Technologies, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In July 2020, Dexterity announced the availability of its full-stack, hardware-agnostic robotic systems. Dexterity robots allow customers to unlock the maximum value of their workforce. Its robots automate repetitive pick-pack tasks and can handle complex manipulations in unpredictable environments, allowing warehouse employees to focus on higher-level cognitive work. The robots utilize artificial intelligence, advanced control theory, computer vision, and the sense of touch to adapt quickly, making them safe to work alongside humans.
Isaac Asimov has developed the Robot Manufacturing Regulations and rules so that they are unable to effect, hamper, or injure humans in the surrounding area. Under this point of Governance, he has developed 3 laws of robotics including Robots may not injure a human being, must obey orders (unless they go against the First Law) and must protect themselves (unless to do so conflicts with the First or Second Law). Moreover, many regulatory bodies and Government Agencies have formed a number of laws for minimizing vulnerabilities.
- Increasing Application Areas owing to the Integration of Robots with Various Technologies
- Growing Automation and Robotics Infrastructure is Enhancing the Global Demand
- Adoption by the E-commerce Industry
- High Cost of Research and Development
Adoption of Industrial Robots by Small and Medium Enterprises, Rising Broadband Infrastructure Development and Urbanization in Developing Countries and Purpose Application where the Robots can Generate Maximum Return on Investment
Data Security and Interoperability Issues and Lack of Awareness of Internet of Robotics Technology
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