While companies are concerned about inflation, they continue to increase investments in automation. In 1Q22, they purchased the most robots ever in a single quarter according to the Association for Advancing Automation.
North American businesses bought 11,595 robots for $646 Million, growth of 28% and 43%, respectively, over 1Q21. Every industry segment had double digit growth. Unit sales to automotive OEM’s rose 15% while sales to automotive component firms were up 22%. Unit sales to non-automotive companies also rose: metals up 40%, plastics/rubber up 29%, semiconductors/electronics up 23%, food/consumer goods up 21%, life sciences/pharmaceuticals up 14% and all other industries up 56%.
MOSIMTEC is often asked to evaluate automation initiatives and develop control algorithms, test sequencing rules, and stress-test the ‘whole system’ under various demand profiles to predict performance and identify risks/bottlenecks. Using simulation modeling to compare an autonomous mobile robot system versus adding labor while factoring in capacity, productivity, downtime, charging time, labor cost, etc. is critical to know if robots are the right fit. MOSIMTEC data scientists and industrial engineers can help you future-proof your business.
#modelingandsimulation #digitaltwin #futureproofyourbusiness #inflation #automation #robots #factory simulation