SMT007 Magazine

SMT-Sept2018

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66 SMT007 MAGAZINE I SEPTEMBER 2018 improvement in government services, and lauded the efforts of the Public Prosecution to implement AI in the justice sector. [2] The AI strategy is under the UAE Centenni- al 2071 project, a comprehensive, long-term government plan that encompasses a national strategy to make UAE one of the best countries in the world by 2071. Among its objectives is the development of education, with a focus on advanced technology and engineering. [3] In a statement, Sheikh Mohammed bin Rashid, vice president and prime minister of the UAE and ruler of Dubai, said the UAE seeks to be a major hub for developing AI techniques and associat- ed legislation, adding that the country's UAE Centennial 2071 is founded on a set of funda- mentals, primarily artificial intelligence across the government and private sectors. [4] According to research firm Allied Market Research, the global smart robot market is expected to reach $17.56 billion by 2025, regis- tering a compound annual growth rate (CAGR) of 19.6% from 2018 to 2025. Developments in the automotive sector, use of robots in the agri- culture sector, and government regulation are boosting the growth of the smart robot market. Meanwhile, factors such as growth in indus- trial automation, advancement of robotics for the connected and digital world, and strong government funding for automation solutions, high manufacturing cost, insecure connections with robots, difficulty of reprogramming, regu- lar maintenance, and software updates of the system are anticipated to either drive or ham- per the market growth. Growth in Industrial Automation Several industries such as manufacturing, healthcare, automobile, and construction are rapidly adopting industrial automation solu- tions. This leads to the increase in adoption of smart robots due to their highly stable and accurate performance. The main reason for such adoption is to have better quality and safety in terms of injuries that arise from machineries. In the manufacturing and pro- duction line, smart robots are deliberately used to move materials and perform a variety of pro- grammed tasks. Around 40% of the robots are used for mate- rial handling applications in most industries. For instance, Komatsu, a general machine manufacturing com- pany, has developed a multi-purpose drone and bulldozer automation sys- tem for the construction industry. This drone flies above a construction site and is used for monitoring delivery, inventory, and overall progress of the project. This trend is expected to sig- nificantly drive the smart robot market in the future. The following are some of the recent development focused on smart robotics: Scrub 50: The Future of Cleaning Autonomous cleaning robots are making their mark by easing up the work of human counterparts. Robot cleaners will soon hit the floors in commercial buildings of Singapore. Property developer JTC, WIS Holdings, and Gaussian Robotics had joined hands and developed an autonomous ASIA-PACIFIC NORTH AMERICA LATIN AMERICA APAC exhibit the highest CAGR of 22.3% during 2018-2025 EUROPE GLOBAL SMART ROBOT MARKET BY GEOGRAPHY Figure 1: While North America currently dominates the smart robot market, the Asia-Pacific region will register the highest compound annual growth rate over 2018-2025 period, according to Allied Market Research.

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