Industry 5.0 and the future of autonomous intelligent robots.

Industry 5.0, also known as Industrial Internet of Robots (IIoR), is the integration of AI, the Internet of Robotic Things (IoRT), and big data analytics with traditional manufacturing to improve efficiency, flexibility, and waste reduction. The future of Industry 5.0 includes the manufacturing and implementation of advanced intelligent robots and further advancements of AI, machine learning, and machine vision. The global industrial robot sensors market is projected to grow from $3.7bn in 2023 to $5.1bn by 2029. However, there are concerns about job displacement and the need for human oversight in uncertain situations. [Extracted from the article]