Collaborative Robots - Not If, But When...
The global robotics market size reached US$ 39.2 Billion in 2022. According to the IMARC Group, the market is expected to reach US$ 102.4 Billion by 2028, exhibiting a growth rate (CAGR) of 17.58% during 2023-2028.
Even if the current level of inflation remains persistent, we believe it will not impede the growth in the robotics market. During periods of heightened inflation, the robotics market has historically seen strength.
Collaborative robots, or cobots, are robots or robot-like equipment that are designed to safely work directly alongside human workers. This is the fastest growing segments of robotics. Recently Statzon aggregate data estimated the global collaborative robot market value at around 1.2 billion USD in 2021 with a sales volume of 32,200 units. The market is expected to grow in the future with a CAGR of +40%.