Robot Valley sees the beginning of a new era in human-robot collaboration in 2024. It will be supported by AI and cloud computing. Robotics start-ups are also becoming increasingly more interesting for providers of venture capital.
The robotics industry is looking forward to good times: The market and demand for robotics are growing rapidly. Key drivers are the labor shortage, the re- and near-shoring trend in production and the still insufficiently satisfied need for easy-to-implement robotics solutions for small and medium-sized companies.
However, it is not only the technical solutions themselves that are popular, but also start-up companies in the field of robotics - among investors. This is the conclusion reached by the Robot Valley industry association in its recently published European Robotics Startup Report. According to the report, the sector has outgrown its niche in recent years and is now attracting the interest of providers of venture capital.
AI and Cloud Computing
Based on the funding amounts received by over 1,700 European start-ups included in the study, professional service robots are by far the most important field of application, followed by industrial robotics, drones and robotic process automation. Robot Valley expects robotics start-ups and established industrial companies to enter into more alliances and cooperations in the coming period.
Finally, Robot Valley identifies six trends that will significantly shape robotics in 2024. A "new age of human-robot collaboration" will dawn, in which robots will become more intuitive and responsive thanks to artificial intelligence. Thanks to the possibilities of cloud computing, robots will be able to access large amounts of data, making it easier to adapt to changing environments and optimize their performance. According to Robot Valley, microrobotics in applications such as healthcare, manufacturing and environmental monitoring are also likely to continue to grow.
Soft Robotics will Continue to Grow
Thanks to advanced sensors, new actuators and control algorithms, robots are also becoming increasingly dexterous, enabling them to perform precise tasks in surgery, assembly or inspection. The growth trend in soft robotics - i.e. robots with flexible components - is also set to continue, while reconfigurable robots will also become more commonplace. These are robots that can change their shape, size and functionality to adapt to different tasks and environments.