Executive Briefings

Many Jobs Still Performed by Humans - But the Real Robotics Revolution Is About to Begin

It has been roughly four decades since industrial robots - with mechanical arms that can be programmed to weld, paint and pick up and place objects with monotonous regularity - first began to transform assembly lines in Europe, Japan and the U.S. Yet walk the floor of any manufacturer, from metal shops to electronics factories, and you might be surprised by how many tasks are still performed by human hands - even some that could be done by machines.

The reasons are simple: economics and capabilities. It is still less expensive to use manual labor than it is to own, operate and maintain a robotics system, given the tasks that robots can perform. But this is about to change.

The real robotics revolution is ready to begin. Many industries are reaching an inflection point at which, for the first time, an attractive return on investment is possible for replacing manual labor with machines on a wide scale. We project that growth in the global installed base of advanced robotics will accelerate from around 2 to 3 percent annually today to around 10 percent annually during the next decade as companies begin to see the economic benefits of robotics. In some industries, more than 40 percent of manufacturing tasks will be done by robots. This development will power dramatic gains in labor productivity in many industries around the world and lead to shifts in competitiveness among manufacturing economies as fast adopters reap significant gains.

Read Full Article

The reasons are simple: economics and capabilities. It is still less expensive to use manual labor than it is to own, operate and maintain a robotics system, given the tasks that robots can perform. But this is about to change.

The real robotics revolution is ready to begin. Many industries are reaching an inflection point at which, for the first time, an attractive return on investment is possible for replacing manual labor with machines on a wide scale. We project that growth in the global installed base of advanced robotics will accelerate from around 2 to 3 percent annually today to around 10 percent annually during the next decade as companies begin to see the economic benefits of robotics. In some industries, more than 40 percent of manufacturing tasks will be done by robots. This development will power dramatic gains in labor productivity in many industries around the world and lead to shifts in competitiveness among manufacturing economies as fast adopters reap significant gains.

Read Full Article