London, May 06, 2020 (GLOBE NEWSWIRE) -- As the coronavirus epidemic continues to spread globally, robotic suppliers are coming to the fore and providing advanced solutions to aid the fight against this epidemic. The use and deployment of robots have grown from manufacturing industries to personal services in a very short span of time. During these times, where the global population must be quarantined from the deadly virus, and ensuring that day to day activities are not affected, robotic installations have found significant applications across all walks of life.
We, at Meticulous Research® estimate that the current crisis will have a low impact on the robotics industry and result in 2-3% growth by the end of 2020. Professional and personal service robotics category will be positively impacted with rising demand to tackle the COVID-19 spread and ensure assistance to healthcare workers in terms of testing and equipment support. Innovative and cost-effective products like drones for product delivery and sanitization will be in key demand and automated delivery systems like mobile robots will be the key product in times of population lockdown.
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This scenario goes on to highlight the widespread deployment of robotics solutions amidst the COVID-19 situations and the inherent importance that robots carry in our daily lives. More than ever, now the demand of these robotic systems have increased drastically primarily driven by an upsurge in demand from healthcare and consumer product industries. It is also observed that several discrete and process industries are deploying robotic production lines to ensure that a minimal amount of workers are on the floor while a majority of work is carried out through remote inspection and supervision. However, as the major implementation of robots is in discrete manufacturing, especially automotive and electronics industries, and with a subsequent dip in these industrial sectors, the industrial robots segment is expected to witness a stalled growth during 2020. The industrial robot sales amounted to $23.21 billion in 2019 with automotive, and electronics industries occupying around 60% of global units shipped in 2019.
Impact of covid-19 on Robotics Industry
An upward trend in robotic deployment for professional and personal services amidst an industrial slowdown is attributed to the advanced technology offerings from the robotic manufacturers. It also becomes important to analyze the country-wise production capabilities of companies as a majority of these are operating at lower production levels. Another important aspect to consider here is the production capability of China, which is a global leader in robotic production and installations, and where the COVID-19 emerged initially. China, itself accounts for around 800 robotic manufacturing companies and is expected to contribute 45% in terms of global unit shipments by 2021. The rapid epidemic control measures in China have resulted in several Chinese factories reopening to include robotics and automation solutions in their operations to minimize human interventions on the floor. Robotic enabled deliveries are witnessing a surge in demand primarily on account of rising deployment of service robots. For instance, automated warehouses in China’s JD.com have seen daily orders nearly double from 600,000 in one week during the crisis period. Moreover, leading players in the global robotic space are also operating at optimum level to ensure that the global supplies are being met.
For instance:
- FANUC, has mentioned in its press release that its production lines of ROBOT, ROBODRILL, ROBOSHOT and ROBOCUT will continue across Europe and Japan. Through its fully automated lines, the company will continue its production with minimum deployment of workers on floor.
- KUKA, in its press release of March 2020, mentioned that the company is investing $540 million in research and development activities to foster innovations and is looking to improve its product portfolio in 2020. The company has also mentioned how its new KR IONTEC robots is making a difference in terms of low energy consumption, operating costs, and maintenance requirements.
- PAL Robotics, a leading service robotics manufacturer, collaborated as a partner with EU project, SPRING to develop its social humanoid robots ARI aiding hospitals for enabling social interaction with affected patients.
- Yaskawa Electric has maintained that it will continue its critical business operations and continue to provide assistance during COVID-19 with innovative products. The company’s robots are currently being deployed for laboratory automation.
Amidst this time of crisis, we at Meticulous Research® are continuously assessing the impact of COVID-19 pandemic on various sub-markets, and enable global organizations to strategize for the post-COVID-19 world and sustain their growth.
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