The collaborative robotics sector continues to evolve with the addition of smaller platforms, as well as systems capable of handling much heavier payloads. Mobile collaborative robots are also under development.
China to ship half of the world’s collaborative robots from 2023
Overall cobot sales hit record high in 2021 at 31,325 units and will likely exceed $2 billion by 2026. The long-term market drivers are logistics and service industries.
Report: cobot market to grow 20-30% annually
Cobots have broken out of manufacturing and into the wider service sector. For this reason, the cobot market will start to be more closely related to the performance of the wider macro economy.