Analysts: sales of cobots to rise to 7.2 billion US dollars by 2030
The market for collaborative robots is growing. Analysts predict annual growth rates of 28 percent.
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Robotics industry analysts from the global economic analysis company ABI Research forecast that global sales of cobots, i.e. robots that work collaboratively with humans, will grow to USD 7.2 billion per year by 2030. According to a previous survey from 2023, sales at that time amounted to just 970 million dollars. The growth rate will therefore average 28% per year.
High demand from the industry
The analysts at ABI Research assume that the increasing safety requirements for cobots, lower average sales prices and better accessibility to robots will drive sales further forward.
The analysis company sees a high demand in the industry for robots to work side by side with humans in order to generate economic growth. Robotics and artificial intelligence (AI) are increasingly being combined to better automate tasks that were previously performed by humans. The falling prices for cobots would also allow smaller and medium-sized companies to automate their processes and thus create greater productivity benefits for themselves.
Classic industrial manufacturing, such as in the automotive industry, will drive the spread of cobots, according to the forecast. The number of deliveries in the automotive manufacturing industry alone is set to rise to 115,000 units per year by 2030. By comparison, there were only 13,000 robots in 2023.
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The increasing sales of cobots for various applications will also drive other markets, such as the market for robotics suppliers. This applies in particular to manufacturers of 3D and stereo cameras, which are used to determine the depth of objects, for example. According to the analysts, 59% of cobots will be equipped with such cameras by 2023.
Nvidia has a special role to play in the increasing spread of cobots. The company produces powerful AI chips for robots as well as the appropriate AI software systems for robotics, such as Isaac Manipulator. Both would help to create more use cases for cobots.
The results of the analysis were obtained as part of the market data report on collaborative robots. ABI Research's research service combines research information and collected data.
(olb)
