Every year we try to get a peek into the future and forecast the major Robotics trends that will influence the next year, 2024. We are eager to watch how the numerous advancements and innovations that are currently taking place will help change the way people live and work in 2024, as the bright robotics future has much in store for everyone!!

1. The Rise Of Cobots

The coming year will witness the rise of Cobots!! For those unfamiliar with the term, a cobot, or Collaborative Robot, is a robot designed for direct human-robot contact in a shared environment or when Robots and people are close to one another. Cobot uses are in contrast to conventional industrial robot applications, where robots are kept away from people.

Therefore, They are perfect for businesses with no prior robotics expertise and need more money or room to house huge industrial robots that need additional safety fences. The Market for cobots is expected to grow rapidly from $1.2 billion in 2023 to $6.6 billion in 2029, exhibiting a CAGR of 34.3%.

Image source: Markets and Markets

2. The Age Of Autonomous Mobile Robots

In the past years, industries have cozied up to the idea of using Autonomous Robots extensively. 2024 will see the dawn of the age of AMRs or Autonomous Mobile Robots!! An autonomous mobile robot is a type of robot that has the ability to comprehend and navigate its surroundings on its own. AMRs are different from autonomous guided vehicles (AGVs), which depend on tracks or predetermined pathways and frequently need operator supervision.

To explain it further, AMRs comprehend and navigate around their environment without the aid of wired power by utilizing a complex array of sensors, artificial intelligence, machine learning, and computing for path planning. 

AMRs have cameras and sensors, so if they come across an unexpected obstacle while navigating their surroundings, like a fallen box or a group of people, they will use a navigation technique called collision avoidance to slow down, stop, or reroute their path around the object and then carry on with their task.

The market for autonomous mobile robots, which was valued at $2.2 billion in 2021, is anticipated to increase to $18.9 billion by 2032, with a CAGR of 21.8% from 2022 to 2032.

Image source: Allied Market Research

3. Augmenting Human Capabilities In Robots

In a recent report from Forrester Research, it has been cited that close to 35% of the important firms plan to combine physical robotics with the most recent technology.

According to the report, the firms are being forced to shift to robot workers in order to remain operational due to labor shortages. 2024 will see more Robots with human capabilities as an essential solution to the worrisome manpower and skill shortages that many businesses are currently experiencing.

4. Humanoid Robots

Robots resembling humans in appearance and even facial emotions are called humanoids. 

They are well suited for service positions that demand direct human contact due to their likeness to humans. The market for humanoid robots was estimated to be worth USD 1.62 billion in 2022 and is anticipated to increase to USD 28.66 billion by 2032, with a CAGR of 33.28% from 2023 to 2032.

There are already visible and interacting robots, especially in the hospitality sector around the world, and 2024 will witness even more sectors joining in the race to acquire these in their businesses!!

Image source: Markets and Markets

5. VR And AR Enabled Teleoperated Robots 

Robots that can be remotely controlled are known as teleoperated robots; while they may possess some form of artificial intelligence, most of the time they receive commands from a human operator and carry them out exactly as directed. It is estimated that by 2026, the global market for teleoperation and telerobotics will be worth an astonishing $76.5 billion. 

Teleoperated robots will become more prevalent in 2024 as well as during the Industry 4.0 era. Currently, a majority of teleoperated robot applications are being used in military and medical procedures as they help in carrying out risky activities like defusing or relocating explosives as well as performing crucial surgeries. Teleoperated robots are now part of a new category known as VR and AR controlled teleoperated robots thanks to breakthrough Virtual Reality and Augmented Reality technologies have made. 

Artificial intelligence and robots are now being fused to perform the most basic tasks to the most complex and demanding tasks in our daily lives. Modern advances in robotics and AI have made it possible to create machines that can perform tasks with incredible speed and accuracy to bring the future here and now!!

Moonpreneur understands the importance of preparing for the rapidly changing technological world. We are on a mission to educate and ignite the flames of entrepreneurship through our holistically created online STEM programs, which will help kids master the futuristic sciences such as Robotics, Game Development, App Development, Advanced Math, and much more!! 

Register for a free 60-minute robotics workshop today!