Industrial automation & robotics solutions have seen significant market momentum and industry leader activity in the digitization & automation space — making them technologies worth prioritizing.
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Manufacturing operation leaders are looking to optimize production and stay competitive in global markets, focusing on novel technologies and processes that can improve the quality and cost of manufacturing.
Using CB Insights data, we examined tech markets across digitization & automation for advanced manufacturers and ranked them across two metrics — market momentum and industry leader activity — to help companies decide whether to monitor, vet, or prioritize these technologies.
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Industrial automation & robotics solutions earned a recommendation to prioritize based on the market’s significant market momentum and industry leader activity.
Industrial automation & robotics is a critical part of any mass production manufacturing process that allows for consistent quality, higher production quantity, and lower costs. Companies in this space use automated equipment to perform manufacturing tasks like assembly, welding, and injection molding.
Typical features of industrial automation & robotics include:
- Modular production
- Customizable designs
- Complete platform solutions
![Slide extracted from main report: [Slide start, first column, Why prioritize] With high labor costs across many developed countries, manufacturers often only have 2 choices: outsource or automate. Outsourcing comes with risks like reduced quality control, higher shipment costs, and political challenges from sending jobs overseas. However, automation can help reshore jobs while maintaining high quality and output with reduced costs. Automation & robotics is now part of almost every manufacturing process. Industry giants like Hyundai, Siemens, and ABB are well known in the field, but startups are looking to compete — 145 startups in the space have raised a total of $4.6B in funding. As the price of automation & robotics continues to drop while the tech becomes more capable, its manufacturing applications will continue to grow. [Second column start, recommendation] With the ability to reduce labor — or keep labor the same while increasing output — automation & robotics are necessary for any modern manufacturer. Even batch production applications may benefit. Specifically, automation can address challenging steps of the assembly process and enhance quality and output. Look for the most error-prone or labor-intensive steps to automate first. Local industrial automation companies can help implement solutions, or manufacturers can hire automation engineers to develop the processes internally.[End slide]](https://research-assets.cbinsights.com/2022/06/21174840/why-prioritize-industrial-automation-and-robotics.png)
Automation & robotics is now part of almost every manufacturing process. Industry giants like Hyundai, Siemens, and ABB are well known in the field, but startups are looking to compete — 145 startups in the space have raised a total of $4.6B in funding.
With the ability to reduce labor — or keep labor the same while increasing output — automation & robotics are necessary for any modern manufacturer. Even batch production applications may benefit. Specifically, automation can address challenging steps of the assembly process and enhance quality and output.
FACTS & FIGURES: industrial automation & robotics
- Top-funded companies: Top-funded companies in the space include Relativity Space ($1.4B in disclosed equity funding), UBITECH Robotics ($644M), and Agile Robots ($380M).
- Geography: While the majority of deals in this space go to companies based in China (53%), the US (22%) and Germany (9%) also attract a number of deals.
- Patents: Top patent topics within industrial automation & robotics include 3D computer graphics and 3D imaging.
Clients can dive into industrial automation & robotics and more in our complete MVP Technology Framework: Advanced Manufacturing Digitization & Automation report.
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