The wave of automation powered by artificial intelligence is sweeping industries worldwide, shaping the future of manufacturing and beyond. While the potential benefits are undeniable, traditional Small and Medium-sized Enterprises (SMEs) are at risk of being left behind. However, a solution in the form of Low Cost Automation is emerging, promising SMEs an accessible entry point into the world of robots.
In the dynamic landscape of automation, the International Federation of Robotics (IFR) reports a surge in the deployment of robots within factories. With the global robot stock reaching a staggering 3.5 million units valued at around €15.7 billion in 2022, automation is making its mark. However, McKinsey’s recent study, conducted on the occasion of automatica 2023, a renowned trade show, reveals that true rapid growth is still on the horizon.
McKinsey’s findings emphasize that a select number of factories currently set the standards for automation – encompassing artificial intelligence, digital twins, and self-learning robots. Notably, artificial intelligence has emerged as a dominant force, signaling the dawn of a new era in automation. Yet, the majority of factories remain distanced from the levels of digitization and automation that are achievable today, risking stagnation in an era of swift change.
The beacon of hope for both established players with substantial budgets and SMEs navigating the waters of automation is Low Cost Automation. This innovative approach provides budget-friendly, uncomplicated solutions that can bridge the gap. As the market segment gains momentum, it’s not just the big players who can capitalize on automation’s potential – SMEs are finding their place too.
In recent years, the market has welcomed Low Cost Automation providers who offer robots at a fraction of the cost of conventional industrial counterparts. Their offerings come with a unique selling proposition: ease of configuration through web shops, bypassing the need for expensive integrators. These robots are controlled through no-code technology, making the process as user-friendly as a computer game. These cost-efficient factors, as highlighted by IFR, have the potential to revolutionize the landscape, as they address a significant pain point. Presently, programming and integrating a robot application can contribute up to 70% of the total costs.
One prominent player in this arena is igus GmbH, an advocate for Low Cost Automation. They’ve introduced the ReBeL, a cobot constructed primarily from high-performance plastic, at a competitive price point of €4,970 in Germany. Through their innovative online marketplace, RBTX.com, igus connects manufacturers and users of low-cost robotics. With over 100 partners offering products on the platform, a simple online tool facilitates the selection of robotic components, machine frames, grippers, and more.
Alexander Mühlens, Head of the Low Cost Automation Business Unit at igus, emphasizes the diverse success stories arising from RBTX.com. With over 400 solutions, an impressive 95% require an investment of less than €12,000. The platform has garnered widespread interest, benefiting both SMEs and large corporations seeking cost-effective automation.
In the journey towards embracing automation’s potential, Low Cost Automation emerges as a catalyst, propelling SMEs into the realm of artificial intelligence and robotics. With solutions that marry affordability and accessibility, the door to the future of manufacturing is wide open for enterprises of all sizes.