Cobots Continue to Gain Interest for Flexible Automation, Tipping the Market Over US$600 million in 2021

"The most direct benefit of cobots is not in their ability to collaborate with humans", said Rian Whitton, Principal analyst at ABI Research. "Rather, it is in their relative ease of use, improved interface, and the ability of end users to redeploy them for different tasks". This has made cobots popular with small and medium size enterprises (SME's) which value flexibility and incremental automation where the maintenance cost is not prohibitive. "The most direct benefit of cobots is not in...

"The most direct benefit of cobots is not in their ability to collaborate with humans", said Rian Whitton, Principal analyst at ABI Research. "Rather, it is in their relative ease of use, improved interface, and the ability of end users to redeploy them for different tasks". This has made cobots popular with small and medium size enterprises (SME's) which value flexibility and incremental automation where the maintenance cost is not prohibitive.

Universal Robots is currently the dominant player in the market, with 50% of the total shipments and posting US$219 million in revenue for 2020, but challengers like FANUC, ABB and others are beginning to catch up after initially lagging in the space. They have done this by improving user interface and the usability of their systems

"The barriers between cobots and standard industrial robots are beginning to breakdown, as many vendors are experimenting with dual-mode robots that can have a cobot and industrial mode. What is more, cobots are beginning to develop heavier payloads, in line with evolving regulations" said Whitton. ABI Research projects that cobots are going to significantly expand the potential for automation for SMEs, while also enabling large vendors to develop a more flexible production line based on movable platforms and no need for fencing. The major industrial automation vendors will enjoy a greater share of the market as they utilize their existing partnerships and pour more resources into new cobot products.

These findings are from ABI Research's Cobots for Flexible Automation application analysis report. This report is part of the company's Industrial, Commercial & Collaborative Robotics research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

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