Deloitte TMT Predictions 2020 Industrial Robots to become the new automation tool in Manufacturing

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Source: Deloitte Press

Deloitte India announced the “Technology, Media, and Telecommunications (TMT) Predictions 2020”. The India report was released by Deloitte Touche Tohmatsu India LLP (DTTILLP) and predicts the upcoming trends in the TMT space.

The predictions highlighted in the report for the Technology, Media, and Telecommunications sector are aligned with the recently launched Deloitte Global TMT Predictions 2020.

The India report focuses on six key topics -

1. Robots on the move: Professional service robots set for double-digit growth
2. The smartphone multiplier: Toward a trillion-dollar economy
3. Private 5G networks: Enterprise untethered
4. Coming to a CDN near you: Videos, games, and much, much more
5. Ad-supported video: Will the United States follow Asia’s lead?
6. Cycling’s technological transformation: Making bicycling faster, easier, and safer

Robots to be new colleagues of humans; electric mobility to be the new trend:

In India, due to low penetration of automation in the manufacturing industry, industrial robotics is all set to drive the growth and provide reliable automation in the industry. The demand is going to be generated by the automobile and general industry including metal and electronics industry. Professional service robot market in India is yet to take off, but trends project maximum scope of growth which can dominate the robotics sector in India.

India is also a growth market for software-based robot assistance like Robotic Process Automation (RPA), cognitive, and AI-driven process automation. More than 50% GICs are based out of India; with a large industry footprint in the country, India is an ideal location to drive growth due to factors contributing to it such as ‘process proximity and familiarity’ and ‘availability of skilled resources’.

On the launch of the report, P.N Sudarshan, Partner, Deloitte India commented, “In 2020, industrial, professional and software robotics are set to grow. The success of industrial automation will result in a paradigm shift in the manufacturing industry. We will also start to witness the convergence of new technologies with emergence of 5G promising to provide a better connectivity and integration of newer, smarter technologies.”

In our endeavour to reduce the dependence of fossil fuels and providing affordable and environmentally friendly public transportation options, Electric Vehicles (EV) are expected to play an important role, with their potential for higher energy efficiency, lower emissions and greater energy diversity. In our electrification journey, it is likely that the mass transportation segment lead by two wheelers and three wheelers would spur the growth and development of the broader electric mobility ecosystem in the country, given their favorable economics in terms of lower operational and maintenance costs. E-cycles too, have the potential to play an important role in enabling last mile connectivity for mass rapid transit networks, public transportation, and hyper-local delivery, where a cost-effective and hassle-free mobility solution is more suitable.