Smart Machines Market in the Americas 2016-2020 – Key Vendors are Aethon, Rethink Robotics & SAAB – Research and Markets

 

Research and Markets has announced the addition of the “Smart Machines Market in the Americas 2016-2020” report to their offering.

The report forecasts the smart machines market in the Americas to grow at a CAGR of 14.96% during the period 2016-2020.

A key market trend that is boosting market growth is the expansion of robot capabilities. Visual robotics systems are more established systems, and require an exact area at a particular time to work. The traditional robot was visually impaired and modified to pick and process wherein every progression was customized and truly detailed to the requirement of the end-user. Advances in technology and use of cameras and software have made robots more accurate in identifying locations. Such robots are more flexible in movement and subsequently cost-effective.

According to the report, a key growth driver is the growth of investments in smart technologies. Cloud computing, cyber-security, and mobile communications technologies are shaping industrial automation and integrating various departments such as factory floor, end-users, and other verticals of an enterprise. The need to monitor and evaluate real-time data and the process of streamlining the manufacturing set-up by providing a transparent environment between the different entities of free flow have increased investments in smart machines with AI technology

Further, the report states that one challenge that could hamper market growth is the resistance to smart machines due to apprehension of job losses.

Key vendors:

• Aethon
• BAE Systems
• Rethink Robotics
• SAAB

Read More