Introduction
The world of manufacturing and automation is evolving at an incredible pace. The demand for greater flexibility, enhanced safety, and cost savings is pushing collaborative robots (cobots) to the forefront.
The global market for these robots is expected to grow by more than 20% annually from 2024 to 2028, and double by 2030. In a recent survey, 84% of businesses indicated plans to introduce or increase the use of robotic automation in the next decade. We are truly entering a new era of smart automation.
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The market is expecting to double by 2030 with annual growth rate of 20-30%.
Collaborative Robot Market($Million)
1 ABB Industry Study, January 2023, survey of 1,500 large as well as small and medium-sized enterprises in Europe, USA and China.
of business said they will introduce or increase the use of robotics automation in the next decade1
