The Cobot Industry at a Glance
Collaborative systems have wide applicability, but initially they were used for light material handling processes such as loading, unloading, placing, or manipulating material for manufacturing operations, such as part transfer and machine tending. Over time, as new robots have come to market and additional software and grippers have been made available, collaborative systems have been employed for additional classes of operations.
Collaborative robots (cobots) are no longer a niche subsection of industrial robotics, having matured into a growing market that is helping businesses achieve significant Return on Investment (ROI).The sales of cobot systems, excluding installation, integration, and programming services, will exceed US$1.23 billion in 2020, up from US$292 million in 2017. ABI Research forecasts that cobot sales will increase to approximately US$13 billion in 2027. Revenue growth is largely a function of unit sales. Approximately 11,000 cobot systems shipped in 2017. This figure is expected to ramp up quickly afterward, reaching more than 630,000 units in …
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