Monalisa Rath

Industry 4.0 is making inroads into several industrial sectors, creating massive demand for measurement and inspection technologies offering superior reliability precision, and stability. There has been a quantum leap in growth of the global industrial landscape, resulting in higher demands for high-quality precision measuring tools for reduced turnaround time and costs. Rising end user focus on quality-orientated operations as a key to high competitiveness is fuelling investments in the precision measuring tools market. Sensing the importance of a synchronized production as an essential aspect in optimal productivity, operators of manufacturing industries are willing to spend on better-than-the-rest precision measuring tools more than ever before.

Industrial robotic applications have been growing exponentially across multiple industrial ecosystems, as value-addition to the existing operational paradigms become imperative. Rising eminence of collaborative robots (cobots) in the future is not surprising as automation continues to lie at the heart of industrial spaces for both regular and complex applications. Cost is also a key factor responsible for the rise of industrial robotics, owing to the fact that the average selling prices of robots have come down significantly over the past 20 to 30 years.