Thank you for Subscribing to CIO Applications Europe Weekly Brief
Why European Region Is Critical for the Global Robotics Sector
The approaching years of advanced robotics would certainly have an insightful impact on traditional ways of business operations. The contemporary robots are travelling to Mars, involved in building vehicles besides being an integral part of sectors like health care, stock market, and education, to name a few. Moreover, ongoing developments concerning artificial intelligence (AI) have enabled the expansion of robotics beyond conventional physical systems. The European region has been no exception.
FREMONT, CA: As per a report released by the International Federation of Robotics, the industrial robotics market is growing at an estimated CAGR of 13 percent across the globe. By the end of 2019, there will be around 2.6 million robots working across several industries. Among all the regions in the world, the European area remains a potential hub for robotics.
A recent study by IDC on drones and robotics has revealed that the cumulative European spending on the services and technologies which enable automation of critical and other business activities by enterprises leveraging robots and drones is expected to cross over $24.10 billion by the year 2022.
Industry observers estimate that the hardware requirements will dominate most of the expenditure on robotics; about two-thirds of the spending will be towards systems, system hardware, and after-market robotics. Service robots and industrial robots are the other aspects requiring significant investment.
Europe as a Prospective Opportunity for Robotics
Robotics is a key driver with respect to competitiveness and adaptability as far as large-scale manufacturing industries in the European region are concerned. Without this new technology, it would be impossible for the thriving manufacturing industries in Europe to operate from their existing European bases of operation. A large number of employment opportunities in these sectors are driven by robotics technologies.
Another significant development for the robotics sector in Europe is its increasing relevance in smaller manufacturing sectors that are central to the employment and manufacturing abilities in Europe.
The European region has a strong presence in teamwork and interdisciplinary research along the robotics value chain. There are several dozens of laboratories in the area wherein extensive research takes place on the latest trends in robotics.
Robotics comprises of different technologies including computer science, electronic engineering, electrical engineering and mechanical engineering and others.
Robotics technology in Europe has also been evolving due to the region’s expertise in experimenting and combining different inter-disciplinary fields. Some of the technical aspects being integrated into the field of robotics in the European-region include human-machine interface that is haptics-based and speech, actuation without gears, safety, dextrous hands and grippers, locomotion without the bipedal locomotion, collision and navigation avoidance, task and motion planning, control of vehicles and arms, cybernetics, bionics etc.
There have been several success stories with respect to robotics from Europe concerning industrial robots, professional robots in underwater, logistics, agriculture, air, inspection, or manipulation.
The European Approach towards Robotics in Society
The European region also enjoys a robust position among the other countries in the world as far as the scientific standing with respect to robotics goes. Robotics is a multi-disciplinary domain and supports and relies on several other fundamental and related fields. This way, robotics is the science of combining a wide range of technologies.
Furthermore, Europe has been able to deal with societal concerns with respect to robotics. The use and increasing prevalence of robots on a day-to-day life have been a matter of controversy. In spite of their potential ability to transform human life, the possible harm through these robots was always highlighted. However, Europe has successfully managed to deal with the worldwide debate. The region is aware and continues to strive towards making social, legal, and ethical investigations to be at the forefront of trends regarding the use and deployment of these technologies in the broader European society.
As far as Europe is concerned, it is beyond doubt that Robotics is here to stay and will continue to be a key driving factor for several industries.
In the same way, service robotics would exhibit far more disturbing influence on the advantages of non-manufacturing sectors, including transport, agriculture, utility, security, and healthcare. The development in these sectors in the coming decade will be heavily remarkable. From what is presently a comparatively low base, the service robots leveraged in non-manufacturing industries will surely become the most prominent feature of the worldwide robot sales.
As more and more industries and countries seem to resort to robotics as the future-oriented technology, Europe as a potential hub has to face a never-before competitive scenario. Amidst increased competition, Europe is not only competing with low-wage economies but also extremely automated ones. One thing is sure that robotics usage would always show an upward trend in the coming years, paving the way for a sustainability and productivity battle. What could be a differentiating factor to stay ahead of the competition is the expertise and leadership with respect to robotics technology. The European region is expected to work towards achieving this in the upcoming years.
Additionally, robotics markets are sprouting speedily, and the industry would be a critical source of competitive benefits and a means for dealing with societal challenges and also for excelling in science.
The companies, business owners, and technology experts in the European region are closely following the latest trends in the worldwide and European robotics sector. They have realized that to sustain its position, European region should be taking concerted actions. Instead of focusing on niche areas in robotics, a European-wide action is the need of the hour. This is the critical requisite for taking advantage of local and national strengths with respect to the core multi-disciplinary competencies concerning robotics. As an example, efficient supply chains should be vital for delivering cost-effective services and products.
Also, it is vital for the region to focus on bringing enhanced collaboration between different sectors wherein robotics is being implemented. This permits more insights into the latest technologies, share information, and basically learn from each other, with an aim to take advantage of the entire range of benefits that robotics could offer.