The Rise of Collaborative Robotic Approach
Published by : Industrial Automation
Collaborative robot applications are increasingly currently gaining in popularity, and are often the entry point for new robotics users. Collaborative emphasis more small and midsize businesses to automate -- firms who noticed this software as an opportunity and have never automated.
From small companies to major aerospace companies, new uses for collaborative robots are currently popping up. These robots hold the promise of being nimble, quick to establish and deploy, low cost, and safe for folks to work around (moot floor area is needed and decreased investment in systems integration and protecting).
While it's often true that speed, payload, and other issues lead users to choose a traditional robot application, the simple fact is collaborative robot applications are disruptive to the business and likely will be going forward. According to the International Federation of Robotics (IFR), collaborative robots make up just 3% of the current installed robot base around the world but are likely the fastest-growing segment of fresh robot earnings.
According to data in the International Federation of Robotics, the number of cobots installed in 2019 was 23% greater compared to 2018. By comparison, traditional industrial robot installments only rose by 5% percent in 2018. All measures, the market for collaborative robots forecast to experience robust growth over the next several years. A current report from Interact Analysis predicts the collaborative robot market to be worth $7.5 billion by 2027. This would equate to approximately 29% of the industrial robot market.
Robots are currently experiencing rapid market growth in this sector of the business. The primary force behind this growth is cost. Collaborative robots are available for below USD 45K, making them a viable solution in a broad assortment of applications, inside and outside for businesses big and small.
Development in edge computing has made robots simpler and more flexible than ever to execute. Little to no programming is required to install them, reducing integration costs. Flexibility opens up a broad range of tasks and software that robots can automate.
The collaborative robot market is growing quickly and opportunities await those who can find success in this dynamic industry. Collaborative robots' future includes expansion and growth into a wide range of sectors. Other innovations are driving the industry forward while some barriers still exist because of the maturation of robot technology that is collaborative and market projections suggest robots will probably be profitable outside and inside of the factory setting.