Industry Analysis
Complete the following form.
· See an example industry analysis from IBIS World for the pet industry: https://www.ibisworld.com/resources/documents/45391-Pet-Stores-in-the-US-Industry-Sample-Report.pdf
Notice the inclusion of both description and varied graphics, all with detailed evidential support. One or more appendix pages may be added to this report to convey data in graphic form or to provide in a single page a digital dashboard display. If including appendix pages, be sure to reference them in the body of the paragraphs as exampled by the following: See Appendix A. Refer to Appendix A
· A free IBIS World sample industry analysis can be obtained via the following link, if you are interested; however, to gain access to the sample report, IBS World requires provision of contact info: https://www.ibisworld.com/free-report-sample/ The sample provided is determined by IBIS World; it is not by special request.
Identify at least five organizations that might be potential partners for your doctoral project. Explain in paragraph format why each is a plausible candidate as a partner for your ADP. |
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1. OpenAI: A leader in AI research, OpenAI offers valuable insights into the intersection of AI and robotics, enriching my doctoral project's depth. 2. IBM: Renowned for AI expertise, IBM provides access to cutting-edge technologies and industry partnerships, enhancing empirical investigations in AI-driven robotics. 3. Databricks: With advanced data analytics solutions, Databricks facilitates research on AI integration in data-intensive environments, such as intelligent manufacturing. 4. AWS (Amazon et al.): AWS is a leading cloud computing provider that offers scalable infrastructure and AI services, crucial for implementing AI-driven robotics solutions. 5. Boston Dynamics: Known for innovative robot design, Boston Dynamics provides expertise in AI-driven robotics development and implementation.
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Industry Analysis |
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Write the following sections in proper format with doctoral-quality writing in tone, style, and content. The work may become part of your Applied Doctoral Project . |
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Identify the major competitors in the industry. Provide sufficient detail about the organizations, how much of the market share they have, their competitive advantage, and so forth. |
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Significant competitors in the robotics and automation industry include Boston Dynamics, Universal Robots, ABB Group, and Fanuc Corporation. Boston Dynamics specializes in advanced robotics, while Universal Robots focuses on collaborative robots. ABB Group and Fanuc Corporation are prominent manufacturers of industrial robots. Each competitor holds significant market share through technological innovation, diverse product offerings, and strategic partnerships, ensuring competitiveness in the rapidly evolving robotics market.
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Name new major entrants in the industry (within the last 3 to 5 years). Provide sufficient detail to understand the organizations, how much of the market share they have, their competitive advantage, and so forth. And, going further than what was identified above for competitors that have been in the market for a while, share why these new entrants appeared. For example, what was missing in the market that enticed them to enter? What market niche are the filling?
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Recent robotics and automation industry entrants include OpenAI, IBM, and Databricks. OpenAI stands out for its cutting-edge AI technology, IBM for its cognitive computing solutions, and Databricks for its cloud-based data analytics platform. These entrants leverage advanced algorithms and cloud computing capabilities to disrupt traditional automation models (Chowdhury & Yan, 2021). They were driven by the demand for opportunities for AI-driven automation solutions and data processing and analysis efficiency, which has created a niche market for next-generation intelligent automation tools (Chowdhury & Yan, 2021).
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Describe the rivalry intensity within the industry. |
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Rivalry intensity in the robotics and automation sector is distinguished by intense competition attributable to the fast-paced technological evolution and market demand (McKinsey & Company, 2019). The main ones consistently innovate and constantly look for a competitive advantage, resulting in increased product enhancement and product launches. Moreover, with low-price competition and strategic partnerships, the level of competition becomes even more intense. As a result, companies spend big on research and development, hoping to stay one step ahead, giving the market a dynamic and fierce competitive edge.
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Discuss the barriers to entry in the industry. |
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The robotics and automation industry displays high barriers to entry that include high capital costs for research, development, and manufacturing infrastructure (Delgado et al., 2019). Acquiring a foothold implies a significant investment in developing highly specialized technology, talent, and intellectual property. However, the red tape of the regulation framework and certification processes can be challenging for startups (David et al., 2024). Furthermore, incumbent competitors usually enjoy the advantages of economies of scale, brand reputation, and standby customer relationships, which hinder potential competitors. The barriers to entry are high, and only a few
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State what product/service substitutes exist. |
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In the robotics and automation industry, substitutes include human labor, traditional manufacturing processes, and non-automated solutions (Holzer, 2022). Though these alternatives fall short of the efficiency and precision of robotics, they are viable options for specific tasks, particularly in fields with lower levels of robot adoption or unique production needs. Secondly, the fact that production can be subcontracted to countries with lower wages can also be regarded as a substitute for robotization. Nevertheless, as technology progresses and automation becomes more affordable, the attractiveness of such substitutes might fade.
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Describe supplier power in the industry. |
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Supplier power in the robotics and automation business depends to some extent on the required components and technologies. Due to their proficiency and fewer alternatives, suppliers may have great power for critical components like special sensors, motors, and precision machinery. However, in the case of commoditized items or widely available technologies, supplier power may be lower as there are many sourcing options available for manufacturers. |
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Describe buyer power in the industry. |
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Buyer power in the robotics and automation industry is moderate to high, depending on the specific segment and application. Large-scale buyers such as manufacturing firms, logistics companies, and healthcare providers often wield significant bargaining power due to their purchasing volumes. They can negotiate prices, demand customization, and switch suppliers relatively quickly. However, suppliers may have more leverage in niche markets or for highly specialized solutions, mainly if their offerings are essential for buyers' operations or if they hold proprietary technology.
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Distribution is the movement of goods and services. Identify the distribution channels. How do companies in the selected industry distribute their goods and services? How do the organizations within the industry compare and contrast as it relates to their distribution models? |
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In the robotics and automation industry, distribution channels typically involve a combination of direct sales, partnerships with distributors or integrators, and online platforms (Wichmann et al., 2021). Companies may sell directly to end-users, particularly for specialized or customizable solutions, leveraging sales teams and customer relationships. Additionally, distributor partnerships allow for broader market reach, especially for standardized products. Online platforms, such as e-commerce websites or marketplaces, facilitate direct customer sales and provide a convenient channel for product information and support. The distribution models vary among organizations based on product complexity, target market, and strategic objectives. While some companies focus on direct sales to maintain control over the customer experience and product positioning, others prioritize partnerships with distributors to expand their market presence rapidly. Moreover, using online platforms enables companies to reach a broader audience and cater to the needs of digitally savvy customers.
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Explain where economies of scale exist in the industry. |
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The economies of scale in the robotics and automation industry mainly occur in manufacturing, R&D, and distribution processes. In manufacturing, high production volumes of robots and automation equipment increase efficiency in production, procurement, and assembly processes, reducing per-unit costs (Jung & Lim, 2020). In addition, in R&D, the fixed costs of innovation and technology development may be spread over a larger output. Thus, companies can invest in cutting-edge research and improve product quality and performance while keeping competitive prices. In addition, economies of scale in distribution are also due to bulk purchasing, streamlined logistics, and effective inventory management, leading to a decrease in per-unit transportation and storage costs.
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References: List the references for all citations. A minimum of seven sources are to be cited. Properly reference cited sources per APA 7th edition, listing them in alphabetical order. |
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Chowdhury, M. T., & Yan, F. (2021). From Networked Robotics to Cloud and Big Data Supercharged Robotics: A Survey and Analysis. https://doi.org/10.21203/rs.3.rs-713083/v1 David, A. B., Maksim, B., Farzana, C., & Sameeksha, D. (2024). Regulating entrepreneurship quality and quantity. Research Policy, 53(2), 104942–104942. https://doi.org/10.1016/j.respol.2023.104942 Delgado, J. M. D., Oyedele, L., Ajayi, A., Akanbi, L., Akinade, O., Bilal, M., & Owolabi, H. (2019). Robotics and automated systems in construction: Understanding industry-specific challenges for adoption. Journal of Building Engineering, 26(1), 100868. ScienceDirect. https://doi.org/10.1016/j.jobe.2019.100868 Holzer, H. J. (2022, January 19). Understanding the impact of automation on workers, jobs, and wages. Brookings; Brookings. https://www.brookings.edu/articles/understanding-the-impact-of-automation-on-workers-jobs-and-wages/ Jung, J. H., & Lim, D.-G. (2020). Industrial robots, employment growth, and labor cost: A simultaneous equation analysis. Technological Forecasting and Social Change, 159, 120202. https://doi.org/10.1016/j.techfore.2020.120202
Wichmann, J. R. K., Uppal, A., Sharma, A., & Dekimpe, M. G. (2021). A global perspective on the marketing mix across time and space. International Journal of Research in Marketing, 39(2), 502–521. sciencedirect. https://doi.org/10.1016/j.ijresmar.2021.09.001
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