Tractica forecasts that the global collaborative robotics market will continue to grow rapidly over the next few years while providing opportunities to various industry participants, reaching revenue of $9.7 billion by the end of 2025.
As the implementation of smart factories surges forward, more companies are becoming aware of the growing importance of and uses for collaborative robots (known as cobots), according to a new report from Tractica. Still, a gap exists in understanding what these robots are as well as the implications for businesses.
Large company adoption of cobots is already occurring and benefits such as lower costs, increased safety, flexibility, and personnel efficiencies are the key driving factors for cobot demand in small and medium enterprises as well. More startups are entering the industry with new user-friendly cobot offerings, making the market increasingly competitive and diverse. Even with potential barriers such as high potential costs and significant planning, deployment, and training time, Tractica the global cobot market will continue to flourish.
“New opportunities are opening in the market as makers develop cobots with higher payload capacities and speed. The integration of cobots with the industrial Internet of Things (IIoT) opens new possibilities for the coordination of cobots doing smart manufacturing with the rest of the automation processes,” says senior analyst Glenn Sanders.
“Humanlike abilities of perception, object recognition, gripping and manipulating objects, and dual grippers present the potential to drive greater demand in the coming years.”
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