Manufacturers are embracing AI, reveals survey from Universal Robots

Survey Insights: How Manufacturers are Embracing Technology in 2024
About the survey: With a confidence rate of 99%, the survey gathered responses from 1,195 participants from seven different countries in Europe and North America. The participants represented 569 large enterprises and 278 small and medium-sized companies. They come from various industries, primarily manufacturing, healthcare, food and beverage, and automotive.

Why do manufacturers invest in technologies like robotics, cloud computing and AI? What’s the main barriers to them adopting new tech? And how do they plan to invest in the future?

Universal Robots (UR), the Danish collaborative robot (cobot) company, recently asked 1,200 manufacturers across North America and Europe how they use technology and how they plan to invest for the future. In the survey more than 50% responded that they already harness artificial intelligence and machine learning in their production.

"AI isn't just hype," says Anders Billesø Beck, Vice President for Strategy & Innovation at Universal Robots. "Though it may only have become a common topic of conversation within the last two years, AI and machine learning are now critical drivers of innovation and efficiency in today's manufacturing."

Looking forward, 48% of manufacturers plan to further invest in AI and machine learning by 2025, indicating that these technologies will continue to play a pivotal role in the future of manufacturing.

"We're experiencing a significant interest in physical AI. Our UR+ ecosystem keeps expanding and a key driver for this is the rapid increase in AI-applications and solutions coming from our partners, including our growing number of OEM partners, opening brand-new opportunities for customers," says Anders Billesø Beck.

Other highlights

The survey shows the evolving importance of digitalization, with 47% of manufacturers currently using technologies like the Internet of Things, cloud computing and digital twins. These tools help manufacturers to optimize operations, reduce downtime, and save costs through simulations and predictive maintenance. This enables manufacturers to shift towards more resilient, high-mix production models that better meet market demands.
Over 50% of respondents identify improving product quality, increasing productivity and enhancing accuracy as top reasons for embracing new technologies. Additionally, 30% of manufacturers are using technology to improve working conditions, and 26% are driven by sustainability goals.
While return on investment remains the primary concern for 32% of manufacturers, other factors such as usability, in-house expertise, safety, and potential disruptions are also significant (all around 20%).

The survey involved 1,200 manufacturers across Europe and North America to understand their views on new technologies and learn how they plan to invest on both short and longer term.

1. AI is a technology of the present, not just the future

2. Productivity and quality are top drivers for investing in new technologies

3. Manufacturers prioritize ease of use and reliability

4. ROI tops the list of concerns

5. Manufacturers look to AI, Robotics, and Digitalization to propel future growth

About the survey

The purpose of this survey, which data was data was collected in March 2024, was to uncover how manufacturers across Europe and North America utilize technology today. It provides insights into the motivations for adopting new technologies, how manufacturers perceive their performance relative to other companies, and their future technology investment plans and expectations.

With a confidence rate of 99%, the survey gathered responses from 1,195 participants, including 358 decision-makers from seven different countries. The participants represented 569 large enterprises and 278 small and medium-sized companies. They come from various industries, primarily manufacturing, healthcare, food and beverage, and automotive.

For details, please visit: https://www.universal-robots.com/blog/survey-insights-how-manufacturers-are-embracing-technology-in-2024/