Movel AI Pte Ltd

According to the latest analysis from the <a href="https://www.worldbank.org/en/news/video/2023/01/10/global-economic-prospects-slowdown-growth-risks-economy-expert-answers" target="_blank">World Bank Group</a>, global growth is slowing sharply, with worldwide economic output projected to be just 1.7% in 2023. World Bank economists are warning that the downturn would be widespread and any adverse developments risk pushing the global economy into recession.
 
However, for the robotics industry, the global economic slowdown may not be all bad news. In fact, the global economic slowdown may serve as an accelerant to automation and the robotics industry.
 
As companies look to cut costs and improve efficiency in a downturned economy, the adoption of robots and automation technologies may increase amid the global economic slowdown. Automation can help with both of these things, as robots can perform tasks faster and more accurately than humans, and they don't require salaries or benefits. It addresses the <a href="https://news.movel.ai/how-robot-adoption-comes-as-a-solution-to-the-labour-shortage" target="_blank">labour shortage issues</a> many companies have faced in recent years.
 
For example, in the manufacturing sector, companies may turn to robots to replace human workers in order to reduce labour costs. Similarly, in the <a href="https://news.movel.ai/movel-ai-spreading-wings-to-spain-tugbot-by-robosavvy" target="_blank">logistics industry</a>, companies may invest in autonomous vehicles to improve delivery speed and reduce transportation costs.
 
A recession, therefore, is <a href="https://news.movel.ai/robotics-trends-and-predictions-in-2023" target="_blank">not a threat to robotics companies</a>. In fact, they may see an increase in demand for their products as companies look to automate their operations. Despite the slowdown, the robotics industry can still thrive in the coming years.
 
<h2>Movel AI provides robotics navigation solutions to accommodate the upcoming demand for robotics</h2>
As a deep tech robotics startup, Movel AI comes in and provides a way out to accommodate robotics companies in answering future robot needs through its <a href="https://news.movel.ai/your-guide-to-choosing-robot-navigation-software-providers" target="_blank">robot navigation system</a>, Seirios.
 
<code>Watch video:</code> <a href="https://youtube.com/shorts/96GP4dbOriA?feature=share" target="_blank"><code>Introducing Seirios by Movel AI</code></a>
 
Through its flagship suite of products, <a href="https://movel.ai/products" target="_blank">Seirios</a>, Movel AI equipped the autonomous vehicles with 3D SLAM Navigation, enabling robots to recognise their surroundings quickly and move around smoothly. Movel AI maximises its SLAM robot navigation system, by improving its accuracy by up to 2 cm, thus enabling robots to more precisely position themselves and navigate in the environment. Therefore, there is no need to worry about robot collisions because each autonomous vehicle will be able to detect its surroundings accurately. This is highly needed in a dynamic environment like a warehouse.
 
Movel AI's robotics navigation solutions enable robots to navigate autonomously, eliminating the need for human intervention, thus increasing their efficiency and reducing downtime. Additionally, Movel AI's robotics navigation solutions are highly customisable, allowing manufacturers to adapt their robots to the specific needs of their clients.
 
Due to the upcoming demand for robotics in 2023, robotics navigation solutions cannot be delayed any longer. <a href="movelai-requestdemo.getresponsepages.com" target="_blank">Now #LetsGetSeirios!</a>

Global Economic Slowdown: Robotics Industry Sees Growth

<h1>Follow these robotics trends and predictions in 2023 to improve your business</h1>
In 2022, the robotics industry had its golden era. It was predicted that the robotics industry would reach its zenith this year. Many new businesses and incumbents have stepped up to address the different needs of automation in various industries and responded to the robotics trends. The robotics industry itself remains strong amidst the post-pandemic storm that has shaken the global economy. Despite the golden age still being alive, the robotics industry needs to be prepared for the <a href="https://news.movel.ai/interview-with-movel-ai-ceo-2022-evaluation-and-response-to-the-upcoming-slowdown" target="_blank">predicted slowdown in 2023.</a> To help the robotics industry players plan for the future, here are some top robotics trends and predictions in 2023. In these robotics trends and predictions in 2023, we will discuss topics such as new business models and the kind of robots that will be highly sought after.
 
<h2>Check out robotics trends and predictions in 2023</h2>
<h3>Autonomous mobile robots are still in great demand</h3>
Among the robotics trends and predictions in 2023, we can expect a rise in demand for industrial and warehouse robots, especially autonomous mobile robots. <a href="https://www.alliedmarketresearch.com/autonomous-mobile-robot-market-A16218" target="_blank">The global autonomous mobile robot market was valued at USD $2.7 billion in 2020 and is projected to reach $12.4 billion by 2030 according to research firm Allied Market Research.</a> This type of robot will still be highly sought to help automate various industrial processes; logistics, manufacturing, and more. Equipped with sensors, artificial intelligence and computer vision, AMR can function to navigate its environment and help speed up processes and handle repetitive tasks.
 
<h3>Europe and the US markets remain strong, while Southeast Asia is showing signs of improvement</h3>
It should be noted that the European market will still have a great deal of interest in robotics in 2023, which should make this continent the next hub of robotics advancement. There will be various robotic advances invented that will be used in various industries. Following later is the United States robotic market, where the robots-as-a-service trend is growing very rapidly, enabling many small-scale companies and startups to move quickly and swiftly in welcoming automation in various industrial fields.
Moving to the east, there is no doubt that Asia is still leading the robotics industry with China, Japan and Korea at the forefront. Although the progress of robotics is visible in East Asia, actually the potential of the robotics industry itself can also be seen in Southeast Asia. <a href="https://www.mordorintelligence.com/industry-reports/southeast-asia-industrial-and-service-robot-market" target="_blank">Mordor Intelligence</a> anticipates an increasing adoption of robots in Southeast Asia, making it expected to grow at a CAGR of 10.7% during the forecasted period of 2021-2026. Some countries included: Singapore, Thailand, and Vietnam.
 
<h3>Robot-as-a-service is on the horizon</h3>
Appearing as the new kid on the block at the end of 2022, <a href="https://news.movel.ai/what-is-robots-as-a-service-raas" target="_blank">robots-as-a-service is expected to become a popular trend in 2023</a>. Robot-as-a-service is a new business model in which robot manufacturers lease robotic devices to end users in various industries that want to start their robotic process automation. End users just need to subscribe to a plan to get benefits like companies buying robots as products. It also means cutting a lot of the initial and maintenance costs. This business model allows end users to scale their business based on a subscription plan without requiring a large initial investment. It is recommended that companies in the robotics industry start considering this model to attract more clients.
Taking on the role of supporting the robotics industry, Movel AI offers a subscription plan where robot manufacturers can experience Seirios on a monthly basis. This allows robot manufacturers to start adopting the Robots-as-a-Service business model to meet market needs. In this way, mass production for leasing can be started with a lower initial investment.

Robotics Trends and Predictions in 2023

At the end of 2021, <a href="https://news.movel.ai/a-golden-era-of-robotics-adoption-what-the-robotics-industry-should-prepare" target="_blank">the robotics industry had grown significantly</a>. The global robot sales of both industrial and service robots increased by 0.5% despite the COVID-19 pandemic, as well as a variety of robotics startups had emerged. This data certainly makes companies in the robotics industry move positively in early 2022 to accelerate robotics adoption in other industries.
Movel AI, a robotics software, deep tech startup based in Singapore, comes with <a href="https://movel.ai/products" target="_blank">robotic navigation solutions</a> enabling robot manufacturers to compete in post-pandemic global competition.
 
To garner more insight into the robotics industry we recently caught up with the CEO/Founder, Abhishek Gupta. Throughout this article, we will highlight what the startup has accomplished in 2022, the vision and predictions for the robotics industry, as well as how it anticipates the predicted 2023 slowdown.
 
What’s been keeping you busy lately?
“I think mainly it's more about fundraising and customer deployments. We deployed a full-scale palatial forklift deployment at Amgen, one of the world's leading biotechnology companies. Being a space-constrained area, the challenges were quite high and that's why we had to spend a lot of time planning and putting our software into the robots in that particular manufacturing area.”
 
How do you see Movel AI’s performance in 2022?
“In terms of business, we have grown twofold since 2021. Apart from that, we have expanded overseas and successfully acquired four major clients in Europe. Third, we have got some full deployments in places, such as Amgen, SIMTech, and <a href="https://news.movel.ai/movel-ai-spreading-wings-to-spain-tugbot-by-robosavvy" target="_blank">Inditex</a>.”
 
What challenges have you faced in the pursuit of the company's transformation and expansion this past year?
“Globally the market has been going down, and because of the upcoming slowdown, fundraising is becoming challenging day by day. So we have to speak to a lot of investors to make sure that we have the right amount of funds to expand the company.”
 
One of Movel AI’s highlights in 2022 was the successful strategic partnership with Kudan/Artisense in mid-2022. Can you share with us what prompted this decision and what is your strategy?
“When <a href="https://news.movel.ai/movel-ai-announces-new-strategic-partnership-with-kudan" target="_blank">Movel AI first met Kudan/Artisense in March this year (2022)</a>, we realised that they are in a similar field. However, we noticed that they are fulfilling one of our tech gaps, the same way our technology covers theirs. Besides, them being based in Europe strategically also helps Movel AI to expand into Europe rapidly. Keeping this in mind, we decided to do a joint project together.
It's been going quite well. The results have been confirmed by our customers to be quite nice, and we'll have our first commercial deployment early next year.”
 
How do you envision Movel AI in 2023, what’s the first step toward accomplishing the vision?
“We envision Movel AI to again double the revenue of what we have achieved in 2022. So every year we are growing at 200%. To achieve those, the first step is to make sure we have a very good support and sales team. The next step would be to amp up the sales and support team.
Apart from that, we have to also work on our marketing efforts much higher, to make our marketing much more attractive to the customers. So that instead of an outbound sales, we are getting a lot of inbound sales.”
<blockquote>We foresee that in the robotics industry, there will be a tremendous shift from buying the Robot-as-a-product to using Robot-as-a-service</blockquote>
What’s your take on the predicted slowdown in 2023 and how do you think it affects the robotics industry based on your own experience and knowledge of the market?
“With the upcoming slowdown, a lot of companies would be trying to do cost efficiency and to implement something which is lower cost than what they are currently incurring. So a lot of companies would tend to go for robots, which is costing them lower than the monthly burn of the salaries they are paying to the people. We foresee that in the robotics industry, there will be a tremendous shift from buying the Robot-as-a-product to using Robot-as-a-service.”
 
<figure><img src="https://assets.protocol.ooo/uploads/article_attachments/image/1591/0dc89aa1-840c-41f9-b32e-feb0d933a6f5.jpeg"/></figure>
 
So, you're saying that the upcoming 2023 slowdown might serve a positive sentiment for the robotics industry?
“Exactly, because there would be more use of robots. However, instead of using robots as a product, companies will start using <a href="https://news.movel.ai/what-is-robots-as-a-service-raas" target="_blank">Robots-as-a-Service</a>. Thus, the work is being done while still saving money.”
 
Is there any type of robot you think will have a solid demand in the market by 2023?
“I think there will be a lot more demand for industrial and warehouse robotics. The end users might come from different industries, but they will use the robots for their own logistics segments.”
 
In 2023, are there any markets that you expect will grow rapidly?
“We foresee the Southeast Asia market to grow, such as Singapore, Thailand, and Malaysia. Apart from that, we see huge growth in the U.S. and European markets.”

Interview with Movel AI CEO: 2022 Evaluation and Response to the Upcoming Slowdown

Abhishek Gupta

Singapore

Singapore, Central Singapore Community Development Council, Singapore

Software

Logistics

 Mobility

robot

Seirios is a robot navigation solution by Movel AI, that lets robots to see and react the way humans do. With easy installation and integration, you can reduce time and cost simultaneously, and get your robots' wheels running faster.

At Movel AI, we produce AI-based robot navigation software solutions to automate robots from all industries in a sleek, accurate and user-friendly manner.

Movel AI delivers human-like precision and movements to robots to speed up the adoption of robotics, by using sensor fusion, AI, vision and machine learning technologies. Single platform management is also available to control multiple robots' work in tandem, delivering results with ease.

Our Flagship products Seirios RNS and FMS are ready-to-use, so users can easily deploy our advanced navigation software to their robotics hardware, achieving their business goals in a timely and cost-efficient manner.

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