Economic Consideration of the Robotics Industry During Recession

Here's a rundown of the most expensive robotsare trying to develop an alternative machine that costs
currently in use all over the industrial world.only ¼ its original price.
• Sophisticated industrial robots manufactured byIndustry Survival
FUMAC costs $60, 000. They can carry a 100 poundHow can the costly robotic industry thrive in
load and can function 24 hours a day for severalrecession? The Robotics Industries Association
years doing repetitive task continuously. Take note thatannounced that members have had a good year
the programming of these robots would cost anotherdespite conservative consumer spending last year. RIA
$60,000 dollars. FUMAC robots are called six cylinderadvises continued marketing strategies to advertise
robots as it can counter gravity to pull up its springs totheir member's product and offer support and free
carry heavy loads. These robots have been used forconsultation.
welding, lifting and painting.In the personal services aspect, NextGen Research
• The American manufacturing company calledexpects an increase of robotic units from 9 million to
Adept Technology manufactures the world’s most25 million in the next 6 years. It is forecasted to be a
common industrial robot called the SCARA. The robot$15 billion industry in the next 6 years. This however is
is connected by three horizontal joints which gives itfor functional robots that can perform multiple
the versatility as a pick and place robot.household tasks at the same time.
• Another robot called the Ivybot robot isRobotoys however is on the verge of wipeout and
programmed to analyze market trends and canUgobe, the makers of Pleo (the robo dinosaur) filed for
actually do the trading for their owners using fourbankruptcy after a low turn over of revenue during the
currency at once. The Ivybot can provide monetaryspring holiday shopping of 2009. WowWee - the
returns and minimal drawdown rate, what is surprisingtelepresence robot (a moving webcam) did well
is that the entire system only costs $149however at $300 per robot.
• Surgical robots are common in the health arenaThe next decade robots who are expected to be top
today and they cost over a million dollars. The roboticsellers are those which allow people to travel at the
arms are used in complicated surgery but these aresame time keep tabs at home. Those robots in the
remotely controlled by the surgeon. With a camerahealthcare industry that can provide assistance to the
mounted above, the surgeon can see the operation asdisabled and the elderly are also growing in demand.
magnified in a computer screen. Today, researchers