“In 30 years, a robot will likely be on the cover of Time magazine as the best CEO. Machines will do what human beings are incapable of doing. Machines will partner and cooperate with humans rather than become mankind’s biggest enemy.” ~ Jack Ma, founder of Alibaba.
Robotics innovation has a prevailing dominance over the branches of manufacturing and engineering, with scaling in design, construction, and operations. From B2B to B2C, robotics innovation expands its entails to dominate by developing products and models across Asian regions. The expansion of robotics results in increased demand efficiency, advanced innovations, automation, productivity enhancement, and other significant shifts in production. According to the projection made for 2023-2028, the market will grow by 0.75% to reach USD 1.37 billion by the year 2028. Taking the lead, Asian nations like Japan, Singapore, South Korea, and China are creating benchmarks to boost robotic innovation across all sectors.
Industrial and service robots combine thriving tech innovations such as electrical engineering, computer science, mechanical engineering, and artificial intelligence (AI). Most of the top giants are actively investing in research and development to find gaps in processing and operational structure where robotics innovation can establish support for high productivity. Countries like Japan, South Korea, Taiwan, Singapore, and China are exploring the parameters of sustainability and capitalism and aim to launch robotics solutions for technological automation. The shrinking of Asia’s workforce possibly compels firms and companies to strategise using robotic innovation and replace humans for monotonous jobs.
According to Yahoo Finance, the Republic of Korea has been the world’s top manufacturer & has adopted robotics innovation with a density increase of 6% since 2017. However, Japan extended the average density mark to 7% to take the lead in the race for robotics innovations. Another developing nation, Singapore, has established 730 robots per 10,000 employees in the manufacturing sector to boost productivity and eliminate the drawbacks of a workforce. Also, moving to the United States, the robot density in North America is 188 units per 10,000 employees, making the nation among the ten most automated countries in the manufacturing industry.
“Robot density is an excellent standard for comparison, taking into account the differences in the automation degree of the manufacturing industry in various countries.”
- Junji Tsuda, President of the IFR
Exploring the current landscape of robotic innovations, it sharply expands over multiple sectors of the Association of Southeast Asian Nations (ASEAN). Countries like Singapore and Thailand have adopted robots to enhance healthcare, logistics, and hospitality efficiency. Singapore-based company Movel AI has developed a model to simplify the deployment and use of robots for hardware businesses, manage a fleet of robots, control them, and delegate tasks. Companies are aiming to expand their customer experience by adopting emerging technology. Like a nation, Malaysia has been adopting the trend of scaling its automotive industry with robust robotic manufacturing. Malaysia-based TXMR is a renowned engineering company that delivers industrial manufacturing and automation of robotic technology and components. SKYVIV, a Thai-based company, has been utilising robotic innovation to develop drone imagery to track supplies, products, and services for high-accuracy mapping.
Although the emerging trends of robotics innovation still show a growth trajectory, there are substantial challenges beneath the scale-up. Some of these negative parts are fear of losing jobs, data breach risk, cost dominance, and system and algorithm failure. However, most companies are inclined towards leveraging robotics to scale their production and efficiency by investing in operations, research and development, marketing, and the tech talent needed to develop excellent robots. The future market is driven by technological advancement, and robotics will support maximum productivity and precise results.
