Robotics is one of the most well-liked technologies within the present 21st Century. One sure trademark of global powerhouse markets is the sizable volume of industrial robots deployed across their industries. As computerisation increases across industries around the globe, the number of such machines in India continues to rise. So let’s dive in to understand more about the scope of this growing robotics market and prospects.
Market Trends & Scenario
Many countries like China, Singapore, Germany and a few other European countries are already leading users of robots. The robotics business in India has attained momentum as a consequence of industrial development, digital revolution and selection of computerisation at an outsized scale. In words of yearly induction, the industrial robotics market in India held at 5,000 units in 2019 and is supposed to succeed in 11,760 units by 2025, expanding at a compound yearly rate of growth (CAGR) of 14.41% during the 2020-2025 periods. Industrial robots are often automatically controlled, programmed and operated in three or more axes.
Articulated robots are the very best robot type getting used in India. Articulated robots consider for quite 50% of the units being sold yearly. The robots have changed from mere toe-joined structures to systems with quite ten interactive joints. Articulated robots have long reached high speed and bigger working envelopes. These robots allow a high level of functionality and are the principal commonly used robots in next-generation robotics. These robots are used in applications like pick and place tasks, managing jobs, thread fastening, soldering, and other related jobs demanding fast and accurate automation.
The automotive industry on the opposite hand has been the leading user of commercial robots, accounting for ~48% of annual installations in 2019. Automotive producers are keen to adopt computerisation solutions in their production plants to intensify productivity. The strong presence of diverse global and indigenous automotive producers has fueled the market for industrial robotics within the country. Several automotive firms like Tata Motors Ltd., Mahindra and Mahindra Ltd., and Maruti Suzuki Ltd. have added on domestic manufacturing of robots.
The market for industrial robotics from extensive production industries including plastic, metal, electrical, electronics, food and pharmaceutical is anticipated to select up at a good rate over the projection period. The 4th technological revolution or industry 4.0 is prophesied to play a crucial role in impelling the requirement for industrial robotics in India. The healthcare industry has also emerged together as the prominent users of robotics, especially within the areas of hospital applications, surgery, diagnostics and rehabilitation.
Growth in the Automation Sector: the decision for precision machining, alongside high production rates, has made automation and instrumentation an important aspect of producing units. most of the processes within the production and processing plants are automated within the past decade. This has also complemented the expansion of commercial robots integration into industrial operations.
Since the economic operations are getting complex amidst rapid technological advancements, the expansion of the economic robot is predicted among such environments that are beyond the capacity of manual involvement.
Rising Labour Costs: The labour cost is significantly high within the total industrial operating expense, generally making 60%-65% of the entire cost. In the majority of the cases, manual jobs typically contain two categories of staff: direct and indirect. Direct staff is liable for executing the procedure while indirect staff is for the back-end support for immediate staff.
The presence of both direct and indirect staff coupled alongside department managers presents a crucial cost in operating a warehouse.
The mechanisation of industries has become a distinguished means to tackle the soaring wages and workforce age. This has resulted within the industrial operators depending on robotics to supply a convenient and efficient way of reducing the operational costs while simultaneously maintaining productivity at optimum levels.
Impact of COVID-19: in the wake of the pandemic, the choosing of commercial robots has been facilitated as they implement a protected interface connecting patients and frontline healthcare workers.
Industrial robot makers such as Asimov Robots Pvt Ltd, Milagrow HumanTech, Invento Robotics and Persapien Innovations came up with individual robotics solutions for applications like disinfection and sanitization, patient screening, isolated treatment and distribution of food and medications. Besides, the unavailability of human workers due to the pandemic has boosted players in the automotive and logistics divisions to realise robotics in their daily operations.
Challenges Faced by the Indian Robotics Market
A good way to demonstrate the position of robotics in India would be to mention that we are today where China was 4 years ago and Europe roughly 10 years ago. the utilization of robotics in advanced countries has developed even within the field of autonomous robots and repair robots but in India, even industrial robots are still actually to come.
Rising out of the huge initial cost of commercial robots is that they got to make profits. In contemporary times, robots became a commodity rather than a completely novel product which creates notable expectations from them in creating enormous gain margins. The robots Return On Investment (ROI) usually rests within the period of 4 to 6 years, which hinders the market significantly. In the long-term, the robots demonstrate to be a big value addition product by providing numerous benefits over manual labour in terms of running costs and productivity, but the initial dubiousness related to robots.
From a tutorial perspective, a number of the challenges coming within the way of Robotics in an Indian scenario area:
• As Robotics is multidisciplinary, impeding students within the top schools in India, the others lack the expertise required in 4 to 5 engineering disciplines to become a specialist in this field. Furthermore, most of the students develop projects that are already within the property right.
• Lack of excellent faculty to show the topic
• Excluding a few regions and technological/engineering institutes in India, Robotics as a topic isn’t taught well to the engineering students
• There is a deficiency of hardware companies that will provide to the industry and therefore the reliance on countries like China, the USA and Europe to procure the required segments may be a significant barrier.
Robotics is the future of the next generation. The benefits of incorporating robotics have many benefits as it brings more precision and enhances more productivity in the industrial space. The key to unlocking economic prosperity and acquiring the status of economic powerhouse lies in robotics.