Conventional manufacturing setups have been exposed to traditional industrial robots over the years that have gained widespread adoption globally. However, there is a growing demand for worker safety in factory settings, increasing need of manufacturing industries to match market demands and a burgeoning requirement for businesses to remain competitive, which have laid the foundation for the adoption of modern manufacturing methods such as collaborative robots.
Collaborative robot solution manufacturers are leveraging the convergence of several enabling technologies such as artificial intelligence (AI), machine vision, and advanced gripping technologies in robots making them safe to work with thereby disrupting traditional robotic solutions as well expanding robotic use cases to laboratories, healthcare, semiconductor wafer handling, and assembly. Also, cllaborative robots solutions have provided manufacturing flexibility in terms of being able to quickly adapt to line changeovers and newer tasks owing to easy programming and manual guiding training techniques making them immediately deployable.
User comfort is the need of the hour laying the foundation for advancements in robotics. Cobot advancements are leading to increased user safety, reduced strain on humans, and lesser effort required from human labor. In the development of collaborative robot solutions, there are several influencing factors to be considered, which will in turn aid in the disruption of current technologies that are indeed cumbersome to use. It is critical to ensure the right balance between technology advancements, expansion of product portfolios to increase application diversity, and strategies to innovate for example: collaborating with universities to develop more user-friendly and easy to maneuver robots as well as in the development of lighter robots. Frost & Sullivan analysis indicates that despite being able to cater to a variety of industrial applications, collaborative robots technology is yet to reach small and mid-sized industries, which are just beginning to explore automation.
The fourth industrial revolution can be realized to its full potential with the awareness created about cobots through effective marketing and by adopting robots-for-hire which are easy-to-afford business models that will expand the reach of the technology. Major collaborative robot arm manufacturers are focusing on expanding their global footprints through traditional business models such as direct sales through distribution centers while few are tying up with robot rental third-party solution providers. However, the new age autonomous cobot providers are leaning toward the robots-as-a-service model, which have proven to be favorable in providing a far-reaching impact of the technology within a short span.
Strategic Imperative
Strategic Imperative (continued)
Growth Environment
Growth Environment (Continued)
Frost Radar™: Collaborative Robots
Frost Radar™
Frost Radar™
ABB, Switzerland
AUBO Robotics, US
Cobalt Robotics, US
Diligent Robotics, US
FANUC, Japan
Fetch Robotics, US
Flexiv, US
Kinova Robotics, Canada
KUKA, Germany
Locus Robotics, US
Universal Robots, US
Yaskawa-Motoman, Japan
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
Legal Disclaimer
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Krithika Shekar |
| Industries | Cross Industries |
| WIP Number | D9C9-01-00-00-00 |
| Is Prebook | No |
Frost Radar™: Collaborative Robots, 2020
A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
16-Dec-2020
Global
Frost Radar