Market Insight: Integrating Robotics For Efficiency And Precision In Smart Factories

Executive Summary

Industrial robotics have significantly evolved since their inception in the 1950s and 1960s. Initially pioneered by George Devol and Joseph Engelberger, today's robots are crucial for enhancing productivity, efficiency and quality control in smart factories by performing repetitive and hazardous tasks with high precision. This report explores various types of industrial robots – such as articulated, cartesian, cylindrical, delta, polar and SCARA – and their main use cases in smart factories. Additionally, it examines key trends for 2024, including robotics-as-a-service (RaaS), AI and machine learning integration, and modular robotics. Understanding these developments helps executives in manufacturing, technology and operations roles to leverage robotics to navigate the complexities of modern industrial environments and remain competitive in an evolving market.