MORE COST EFFECTIVE: In the US automotive industry, which is predicted to be one of the more aggressive adopters of robots, a spot-welding machine costs US$8 (RM28.46) an hour versus US$25 (RM88.94) an hour for a worker.
The falling cost of industrial robots will allow manufacturers to use them to replace more factory workers over the next decade while lowering labour costs, according to new research.
Robots now perform roughly 10% of manufacturing tasks that can be done by machines, according to the Boston Consulting Group. The management consulting firm projected that to rise to about 25% of such "automatable" tasks by 2025.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
