The Collaborative Robot Market Will Exceed US$11 Billion by 2030, Representing 29% of the Total Industrial Robot Market
Summary
A new analysis from global tech market advisory firm, ABI Research, finds that the yearly revenue for cobot arms will reach US$11.8 billion by 2030, an enormous increase from US$711 million in 2019. “The prospects for the collaborative robotics market remain strong, despite some very visible inhibitors,” says Rian Whitton, Senior Analyst at ABI Research. Some companies, like manufacturer Jabil, are deploying collaborative robots en masse for their effectiveness as re-deployable and flexible assets in an increasingly fast-changing working environment. To meet this challenge, the current roster of cobot solutions are not a complete panacea but are an important step in the direction of a leaner and more flexible workstation. ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world.