The Global Cloud robotics Market, By Component (Hardware (Robot, Hardware Components), Software (Infrastructure as a Service (IaaS), Robotics as a Service (RaaS) & Platform as a Service (PaaS), Robotics Application Software), Services (System Integration, Connectivity Service, Other Professional Services)), By Implementation Type (Peer Based, Proxy Based, Clone Based), By Technology (Bluetooth, Wi-Fi, 3G, 4G, 5G, RF, Infrared), By Application ( Industrial Cloud Robotics (Automotive, Defense, Manufacturing, Transportation & Logistics, Others), Professional Service Cloud Robotics (Agriculture, Health Care (Hospitals and Clinics), Aerospace (Travel and Tourism), Retail, Others), Personal Service Cloud Robotics (Entertainment, Education, Personal Healthcare, Others)) and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Global Forecast to 2027”, is expected to be grow at a CAGR of 14.1 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
In the field of robotics, cloud robotics refers to the integration of cloud technologies such as cloud computing, cloud storage, and other internet technologies with robotics. When robotics are connected to the cloud they can leverage benefits from the superior computation, communication resources, and storage of data center. This allows humans to designate tasks to robots remotely through networks. Cloud robotics is associated with four primary robotic operations namely data capturing with the help of a robot (onboard/integrated sensors and nodes), processing the collected data on cloud servers, application of the processed data, and feedback sent to the servers for further analysis.
The global Cloud Robotics Market market was accounted for US$ 7,543.6 Mn in terms of value and is expected to grow at a CAGR of 32.4% during the forecast period.
High proliferation of cloud computing and big data analytics platform are expected to boost the global cloud robotics market during the forecast period
Various organizations across the world are focused on investing in cloud infrastructure. According to the Telecom Regulatory Authority of India (TRAI), a consultation paper on cloud computing published in June 2016, cloud computing accounted for 33% of IT expenditure globally in 2015. Cloud computing allows access to parallel grid computing for statistical analysis, learning, and motion planning of robots. It also provides benefits from the powerful storage, communication and computational resources of modern data centers. Furthermore, it decreases reliance on custom middleware and eliminates overheads for updates and maintenance. Cloud computing facilitates robots to offload computationally intensive tasks into the cloud. It provides robots access to databases in the cloud and can obtain information and data to perform certain tasks. This eliminates the need to create and maintain such data. Moreover, big data provides robots access to updated libraries of object/product data, maps, and images. With the help of a big data analytics platform, operators can access data transmitted wirelessly by connected to robots to enhance manufacturing processes.
Growing need for robotics-as-a-service (RaaS) solutions to present excellent growth opportunities
Robotics-as-a-service is a cloud computing unit that enables seamless integration of robots and embedded services in cloud computing and web environment. RaaS can be used where Internet of Things (IoT), service-oriented architecture (SOA), and cloud computing are used. It is also utilized for implementation of Simple Object Access Protocol (SOAP) and Representational state transfer (RESTful) communications between RaaS units. Hence, such a high demand for RaaS solutions can provide major business opportunities for market players in the near future.
Lack technical expertise is expected to restrain growth of the global cloud robotics market during the forecast period
Development and manufacturing of cloud-integrated robots require highly skilled professionals. Although developed regions such as North America and Europe have the presence of major market players, emerging economies such as Asia Pacific and Latin America lag behind due to a lack of skilled and experienced personnel. Furthermore, development of cloud robotics require initial significant investment and constant expenditure in research and development activities. Therefore, these factors are expected to restrain the global cloud robotics market growth over the forecast period.
Growing application of cloud robotics in warehousing is a major trend in the region
On April 7, 2016, Mobile Industrial Robots (MiR) inaugurated its U.S. office and announced that its autonomous mobile robots will be available to North American market. The robot offers flexibility, ease of use, and repayment period, which separates it from other transport logistics solutions in the market. Moreover, robots are designed in such a way that they can adapt to changes in environment and find feasible solutions around the obstacles. Flexible robots have brought significant changes to warehouse and distribution centers. It has brought relief to the workers from day to day tasks and waiting trucks. For instance, Swisslog’s Carrypick uses robotic vehicles following QR codes on the floor and uses 4 clamp-on devices to move and lift the shelves.
Increasing research and development activities in automation and robotics
The Brazilian automation and research sector is growing at a significant pace and according to the International Federation of Robotics (IFR), Brazilian robotic imports have been growing at an annual rate of 5.3% since 2012. Moreover, the Institute of Technology Teaching and Research has developed a robot, which assists swimmers by monitoring their performance. A camera records the swimmer’s performance in digital archives and software converts the data into graphs.
Hardware manufacturers: Universal Robots, Rockwell Automation, Inc., Yaskawa Electric Corporation, Kuka AG, Fanuc Corporation, and ABB Group.
Software providers: Calvary Robotics, Tend.ai, Hot Black Robotics Srl, and Rapyuta Robotics Co. Ltd.
Service Providers: Automation IG, Motion Controls Robotics, Matrix Industrial Automation, Wolf Robotics LLC, and Tech-Con Automation Inc.