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Future of Robotics to 2030 Market and Beyond – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Jan. 10, 2025 /PRNewswire/ — The report “Future of Robotics – Cobots, Humanoid & Soft Robots, Swarm Robotics, by Technology (Artificial Intelligence, Digital Twin, AR/VR, Cloud Computing), Industry (Automotive, Smart Cities, Space Exploration, Logistics, Agriculture) – Global Forecast to 2030 according to a new report by MarketsandMarkets™”. The robotics industry is rapidly evolving, driven by technological advancements and market demands. With AI, machine learning, and IoT integration, robots are becoming more autonomous, intelligent, and interconnected. Key trends like human-robot collaboration, advanced automation, and enhanced adaptability will shape the future of robotics, transforming industries and driving efficiency.

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The rise of collaborative robots and their role in transforming the future of robotics

Collaborative robots are revolutionizing robotics by enabling humans and machines to work together seamlessly. Unlike traditional robots that operate in isolation, cobots are designed to collaborate with human workers, improving efficiency and safety across industries. By automating repetitive, dangerous, or physically demanding tasks, cobots free up human workers to focus on higher-value, strategic roles. Recent advancements in AI, machine learning, and sensors have made cobots smarter and more adaptable, allowing them to learn tasks, adjust to new environments, and interact with other machines in real-time. Their flexibility to be quickly reprogrammed for different tasks makes them ideal for dynamic production environments. Equipped with safety features like collision detection and force sensing, cobots work safely alongside humans, fostering safer and more productive workplaces. As key enablers of Industry 4.0, cobots are fully integrated with the Industrial Internet of Things (IIoT), optimizing workflows and enabling data-driven decision-making. Looking beyond 2030, cobots will become even more autonomous, powered by next-gen technologies like 5G and augmented reality, transforming industries and creating human-centric workplaces that drive innovation and productivity.

AI’s Revolutionary Influence on Robotics and Its Future Implications

AI is transforming robotics by making systems smarter, more adaptive, and autonomous. It empowers robots to process real-time data, make independent decisions, and optimize workflows, boosting efficiency and reducing errors. AI-driven computer vision enables robots to recognize objects, understand their surroundings, and adjust to dynamic conditions, making them ideal for precision tasks. In manufacturing, robots perform assembly and inspection with unmatched accuracy, while in logistics, they streamline warehouse operations. In healthcare, AI-powered robots assist in surgeries and patient care, ensuring high precision and safety. Collaborative robots (cobots) benefit from AI by interacting safely with humans, adapting to their actions, and ensuring smooth cooperation. AI also advances predictive maintenance, allowing robots to monitor their own performance, detect potential issues, and schedule maintenance to minimize downtime. Additionally, AI enables robots to learn and adapt to specific tasks through machine learning, enhancing flexibility. By embedding intelligence into automation, AI is driving innovation across industries like automotive, aerospace, electronics, and agriculture, creating systems that can handle complex tasks and optimize operations. In the coming years, AI will continue to shape the future of robotics by enabling even more autonomous, intelligent systems that will redefine industries, streamline processes, and create new opportunities for human-robot collaboration, pushing the boundaries of innovation and operational efficiency.

The Impact of AR and VR on Robotics’ Future Development

Augmented Reality (AR) and Virtual Reality (VR) are revolutionizing robotics by enhancing design, training, and operational efficiency. AR improves human-robot interaction by overlaying digital information onto real-world environments, allowing for better visualization of robotic systems and optimized workflows. For example, ABB Robotics uses AR to simulate robotic systems before physical construction, reducing costs and development time. In training, VR offers immersive environments where operators can practice without risk, while AR provides real-time guidance during complex tasks. This combination is especially beneficial in hazardous jobs, where VR-controlled robots enable remote operation for enhanced safety. Furthermore, the integration of AR with Artificial Intelligence (AI) enhances robot performance through intuitive controls and feedback, facilitating advanced applications like robot-assisted surgery and navigation. The synergy of AR, VR, and robotics promises to drive significant advancements across industries like healthcare, manufacturing, automotive, aerospace, and logistics, shaping the future of robotics in the years to come.

Humanoid Robots Are Pioneering a New Era in Human-Machine Collaboration.

Humanoid robots are advanced machines designed to replicate human form and behavior, enabling them to perform tasks alongside humans in industries like manufacturing, healthcare, logistics, and retail. Powered by cutting-edge technologies such as AI, mechatronics, and advanced sensors, these robots are engineered to operate in dynamic environments like factories, warehouses, and hospitals. Companies like Tesla, Boston Dynamics, and Agility Robotics are leading the way, investing heavily in AI-powered robots that are becoming increasingly capable and versatile. Tesla has already integrated its Optimus robots into its factory operations, with plans for wider deployment, while Agility Robotics is building a factory in Oregon to produce 10,000 robots annually. The US and China are at the forefront of this revolution, driven by significant investments and rapid technological advancements. Humanoid robots will transform industrial operations as they evolve to become more intelligent, adaptable, and cost-effective. Over the coming years, they will seamlessly integrate into human environments, improving efficiency, safety, and quality of life across sectors, marking the beginning of a new era in robotics.

Swarm robotics will shape the future of automation and efficiency

Swarm robotics is an emerging field inspired by the collective behavior of social insects like ants, birds, and bees. It involves coordinating simple, autonomous robots that work together to accomplish complex tasks. Unlike traditional robots, which are often centrally controlled and sophisticated, swarm robots operate through decentralized control. Each robot makes decisions based on local information, and through simple rules and interactions, the swarm exhibits emergent behavior that allows it to adapt and complete large-scale tasks. This approach offers advantages such as scalability, resilience, and flexibility, making swarm robotics ideal for applications like search and rescue, environmental monitoring, manufacturing, agriculture, and space exploration. The ability of swarm robots to function autonomously and collaborate without central control enables them to operate in challenging environments, such as disaster zones or distant planets. As technology advances, swarm robotics will play a pivotal role in shaping the future of robotics, offering innovative solutions that enhance automation, efficiency, and adaptability across various industries in the coming years.

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Asia-Pacific region is leading the way in robotics innovation

The future of robotics in the Asia-Pacific region is set for significant transformation, driven by rapid industrialization, technological innovation, and strong government support. China’s “Made in China 2025″ initiative is advancing robotics in manufacturing and healthcare, focusing on automation to boost efficiency and reduce labor costs. Japan’s “Society 5.0” strategy is integrating AI and robotics into daily life, particularly in automotive and electronics, with companies like Fanuc and Yaskawa leading in collaborative robots. India is emerging as a key player in service robotics, with a growing number of startups focused on healthcare and domestic automation solutions. The Indian government is supporting this growth through schemes like the “Production Linked Incentive” (PLI) scheme and “Startup India,” encouraging innovation and research in robotics. Additionally, initiatives like “Atmanirbhar Bharat” aim to promote self-reliance in technology, fostering the development of affordable, scalable robotic solutions. South Korea’s Smart Factory initiative is modernizing manufacturing through AI, while also advancing medical robotics. These nations are collectively reshaping industries, positioning the Asia-Pacific region as a global leader in robotics in the next 5-10 years.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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