,The,Future,of,Robotics,An,Inside View on,Innovation,in,Robotics,FEATURE,Robots,Humans,and,Work,The Future of RoboticsAn Insi,1,Table,of,Contents,4,The,Landscape,Industry,4.0,and,the,Robotics,Ecosystem,21,Robots,Humans,and,Work,The,Interplay,of,Automation,and,Labor,Th,e,Fu,t,u,re,o,f,Robo,t,ic,s,3,14,VC,and,Robots,An,Emerging,Framework,Table of Contents421The Future,2,The,Landscape,Industry,4.0,and,the,Robotics,Ecosystem,Th,e,Fu,t,u,re,o,f,Robo,t,ic,s,4,The Landscape Industry 4.0 an,3,0,2,4,6,8,10,12,14 16 18,20,22,24 26,28,30,Days,since,April,14,1995,1996,19,9,7,19,9,8,1999,2,000,2,001,2,002,2,003,2,004,2,005,2,006,2,007,2,008,2,009,2,0,10,2,0,11,2,0,12,2,0,13,2,0,14,2,0,15,2,0,16,2,0,17,2,0,18,2,0,19,2,0,20,5,COVID-19,and,the,Next,A,u,t,om,a,t,i,on,Wave,Notes:,1),Preliminary,reading.,2),Based,on,Ernst,&,Young,survey,results.,released 3/30/2020.,3),Based,on,ABI,Research,study,results,released,4/2/2020.,Source:,Bureau,of,Labor,Statistics,S&P,Capital,IQ,Ernst,&,Young,and,ABI,Research.,Recessions,tend,to,reduce,employment,and,some,jobs,dont,come,back.,This,trend,is,glaring,for,US,manufacturing,in,the,prior,two,downturns,as businesses,reconsidered,their,supply,chains,and,looked,to,move,production,offshore,or,to,automate.The,pandemics,effect,on,global,supply chains,has,made,the,offshoring,option,problematic,increasing,the,likelihood,that,this,cycle,will,see,an,increase,in,investment,in,automation.,Executive,surveys,and,robotics,stock,performance,indicate,this,has,started.,US,Manufacturing,Production,and,Nonsupervisory,Workers,The Future of,Robotics,Share,of,executives,investing,in,accelerating,automation,due,to,COVID-19,41,percent,2,Forecast,2021,robotics,market,size,after,COVID-19,$23,billion,3,12.8M,1,0,.,2,M,9,.,0,M,7.8M,1,Automation,Stock,Performance,April,14,May 14,2020,+,3,.3,%,-,1,.,5,%,ROBO,Index,S&P,500,0 2 4 6 8 10 12 14 16 18 20 22,4,1,7,9,0,1,8,4,0,1,8,9,0,19,4,0,1,990,Fourth,Frontier,technologies,like,3D,printing,IoT,AR/VR,and,AI,promise,to,make,industry,fully digital.,A,new,generation,of,industrial,robots,can,more,fluidly,integrate,with,a,factory,learn,new,tasks,and work,safely,alongside,humans.,An,unprecedented,amount,of,data,is,generated.,6,P,ro,d,u,c,t,i,on,Over,the,Past,Two,Centuries,Source:,Barro-Ursua,Macroeconomic,Dataset.,Global,civilization,has,grown,exponentially,wealthier,and,more,productive,through,three,industrial,revolutions.A fourth,is,now,underway,one,which,promises,to,unlock,new,opportunity,but,may,also,unleash,transformative,shifts,for,labor,industry,and,society at,large.,First,Watts,steam,engine,becomes,an energy,source,for,industry,and,transportation.,Textile,innovations,such,as,the power loom,drastically,increase,British,output.,Second,The,internal,combustion,engine,and,electricity,enable,the,operation,of,larger,factories,and,new,modes,of,transportation.,Telegraph,and,telephone,drive,a,concurrent,communications,revolution.,Third,The,advent,of,computing,is,applied,to industry,enabling increased,task automation.,The,applied,robotics,industry,is,born.,US,GDP,per,Capita,through,Four,Industrial,Revolutions,The Future of,Robotics,17901840189019401990Fourth6Pro,5,The,Fourth Industrial,R,e,vol,u,t,i,on,Is,Upon,Us,A,confluence,of,technological,advancement,in,various,fields,has,allowed,entrepreneurs,to,develop,solutions,to,common,problems,in,industry.,These,solutions,are,far,from,isolated,and,cross,the,digital,and,physical,realms.,Robotic,performance,of,tasks,is,a,key,element,in,this,interplay.,In,a,recent cross-industry,McKinsey,study,70%,of,surveyed,executives,said,they,expect,advanced,robotics,to,become,a,very,important,productivity,driver,by,2025.,BCG,Constituent,Technologies,of,Industry,4.0,7,Robotics,Big,Data,Analytics,Augmented,Reality,Additive,M,a,n,u,f,ac,t,u,r,i,n,g,The,Cloud,Cybersecurity,Internet,of,Things,Vertical and,Horizontal,System,Integration,Simulation,Source:,Boston,Consulting,Group.,The Future of,Robotics,The Fourth Industrial Revolu,6,85,99,134,161,200,280,28,3,285,320,368,420,41,43,46,50,56,67,76,74,79,83,87,28,30,33,38,41,46,55,54,59,64,69,8,Driven,by,Asia,the,Industrial,R,o,b,o,-,f,o,r,ce,Swells,Notes:,1),CAGR,=,Compound,Annual,Growth,Rate.,Source:,International,Federation,of,Robotics.,Annual,installations,of industrial,robots,have,more,than,doubled,since,2013,growing,at,18%,CAGR,1,.,This,is,expected,to,slow,in,the,next,four,years,to,9%.,China,has,led,the,way,increasing,its,stock,of,industrial,robots,nearly,fivefold.,While,impressive,this,rate,of,growth,is,not,tremendous.,Innovating,the,existing,stock,of,robots,is,a compelling,opportunity,as,is,expanding,that,stock.,Thousands,of,Units,8%,1,7,%,CAGR,%,9%,2,0,1,2,2,0,1,3,2,0,1,4,2,0,1,5,2,0,1,6,2,0,1,7,2,0,1,8,2,0,1,9,2,0,2,0,2,0,2,1,2,0,22,Pr,o,j,e,c,ted,North,America,Europe,A,s,i,a,/,A,u,s,t,ra,l,i,a,Annual,Installations,of,Industrial,Robots,by,Region,The Future of,Robotics,85991341612002802832853203684,7,Robotics,Enjoys,Unique,A,d,v,a,n,t,age,s,There,are three,key,features,that,set,robotics,apart,from,other,thr