This year it will exceed $ 600 million
Despite the challenges faced by the industry during the coronavirus pandemic, collaborative robots, known for short as cobots (from collaborative robot), continue to attract attention and investment due to their ease of use, redeployment, and end-user friendliness . users seeking automation.
Between 2020 and 2030, the cobot market will grow from $ 475 million to $ 8 billion
The cobot market will grow significantly over the next decade, according to a new report from consulting firm ABI Research. Last year it amounted to $ 475 million, this is projected to grow to $ 600 million, and by 2030 – to $ 8 billion. These figures correspond to an average annual growth of 32.5%.
“The most direct advantage of cobots is not their ability to collaborate with humans,” said Rian Whitton, chief analyst at ABI Research. “It’s more about relative ease of use, improved interface, and the ability of end users to redeploy them for different purposes.”
According to ABI Research, it is the flexibility and the ability to incrementally automate, more affordable in terms of maintenance costs, that make cobots popular among small and medium-sized businesses.
The dominant player in the market is currently Universal Robots. In 2020, this company accounted for about half of the total volume of supplies and revenue. However, competitors such as FANUC, ABB and others are starting to catch up after the initial gap.