Collaborative robots (cobots) are a versatile, cost-effective robot form factor that is demonstrating value across many industry verticals.
According to a new report from global technology intelligence firm ABI Research, revenue from cobots will increase from $970 million in 2023 to $7.2 billion by 2030, a compound annual growth rate of 28 percent. Safety, lower average selling prices, and accessibility will drive collaborative robot sales.
George Chowdhury, robotics industry analyst at ABI Research, says: “Cobots are at the forefront of the robotics revolution. They have the potential to democratize automation and bring robots into new markets, working side-by-side with human workers to unlock economic growth. [Read more…] about Collaborative robots market forecast to reach $7.2 billion by 2030