Why Are Companies Expected To Spend Almost $2 Trillion On Collaborative Robots By 2030? One Company Has An Answer: Teamwork By Nick Thomas, Benzinga
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October 10, 2022 08:00 AM Eastern Daylight Time
Industries spend billions of dollars each year to ensure worker and customer safety.
Yet some of those billions of dollars could be saved by using teams of collaborating robots (cobots) to perform work that endangers human workers. Cobot teams can work in otherwise dangerous operating environments and can perform the tedious tasks necessary to ensure customer safety in commercial spaces, airports, railways and mass transit systems.
Consider the task of removing harmful debris from an airport runway. Fragments of metal and other materials can fall onto the runway from airplanes, service vehicles, luggage carts and even small fragments can do catastrophic damage. Keeping runways clear is a life-and-death responsibility, and right now it is all done by human workers who walk or drive along the runway to find and remove debris.
This is the kind of tedious and dangerous job that could be done by robots, but no single type of robot is exactly right for the job. Flying drone robots are good at detecting debris, but they cannot pick up the debris and remove it; ground robots can pick it up, but they cannot move as fast or see as far as the drones can.
If they combine their strengths, a team of air and ground robots together can perform this task with minimal human involvement. Decision-intelligence tech firm AvaWatz is working to make this idea real.
The company builds teams of robots with different skills, like traveling off-road or manipulating a specialized tool – the team can combine those skills and use them all together. AvaWatz wants to use robots to reduce risks for humans who have to perform complex tasks in harsh environments and is pioneering the use of collaborative robots or cobots.
Cobot teams can solve hard problems for public and private sector customers, including the military and Homeland Security, flightline operations, search and rescue, emergency response, construction, transportation, agriculture, utilities and infrastructure among others – in fact, it is difficult to name a sector that could not benefit in some way from teams of robot workers.
The U.S. Air Force, Army, and the Department of Homeland Security have each recognized the need and are funding AvaWatz R&D to advance and grow the technology.
The company is focused on driving risk even lower for humans. Giving back to the community is a high priority for AvaWatz — which is why they donate a portion of their revenue to assist with debris pick-up on coastlines.
The Size Of The Opportunity
The need for cobots is out there, according to AvaWatz. It is predicted that the market for collaborative robots will grow to $1.99 Trillion by 2030. AvaWatz’s initial targets are smart airports, ground transit assets, and surveillance, but the opportunity is not limited to those areas. Such technology can also address the needs of markets where the risk is not only limited to simple human error but also malicious intent.
AvaWatz – which has already performed prototype work with the U.S. Air Force – plans initially to work with regional and private airports in the U.S. in addition to the Air Force as it scales to address larger markets.
There is also potential to work in fields such as infrastructure repair, railroad inspection and the protection of endangered wildlife species.
AvaWatz is reportedly also working on partnerships with drone and ground robot manufacturers such as Skydio and Boston Dynamics.
AvaWatz offers an investment opportunity to meet the growing demand for Collaborative Robots – whose market size is predicted to reach almost $2 trillion by 2030 with a CAGR of 12.3% from 2021-2030.
Discover what AvaWatz investment opportunity means for you, by clicking the offer link: https://www.startengine.com/avawatz
AvaWatz is a decision-intelligence company charting a new frontier in “Cobots” - collaborative air and ground robots. Leveraging AI and advanced knowledge network technologies, our cooperative robotic services are programmed to carry out tasks too dangerous, difficult, or time-consuming for humans. Our initial services target airfields, ground transit, and surveillance missions across private, government, and defense sectors, with a working prototype piloted by the U.S. Air Force.
Visit https://www.startengine.com/avawatz to learn more.
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