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Maya Xiao Author
Research Analyst – China
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Maya has an interdisciplinary technical background in vehicle electrification, system automation and robotics. She is now the lead analyst for Interact Analysis’ Li-ion battery and forklift research, also covering markets for industrial and collaborative robots. 

Interact Analysis has recently published its Collaborative Robot Market Report – 3rd Edition. The below infographic demonstrates some of the key findings.

Benefiting from a desire for ever-increasing automation in industry, collaborative robots have seen a recent spike in popularity. Further tied to the rising cost and lack of labour needed to complete menial and monotonous tasks, it is easy to foresee why cobots could become a relevant addition to the future workforce. This report provides current and accurate market information on the collaborative robot market incorporating revenue and unit data on a regional and industry level. It includes well modelled forecasts with clear and transparent assumptions for all of the market segments shown out from 2024 and 2029.

Full details of the report can be viewed here, and the infographic is also available to download in PDF here.

 

  • Interact Analysis forecasts that the annual revenue for cobots will reach $1.94 billion in 2028, accounting for 15.7% of the total robot market.
  • In 2019, global collaborative robot revenues totalled $669.9 million, a 15.6% increase from 2018.
  • In 2019, 22,459 cobots were shipped which was up 18.8% year-on-year.
  • The biggest consumers of collaborative robots in 2019 were Automotive and Electronics and are predicted to remain so in 2024.
  • The three biggest uses of cobots in 2019 were material handling, assembly and and pick and place and accounted for 71.9% of the collaborative robot revenues and predicted to hold a 63% share by 2024.
  • The top leading global vendors were; Universal Robots, Techman, FANUC and AUBO and accounted for more than 60% of the market share in sales.
  • By 2024, it is predicted that <5kg and 5-9kg cobots will account for the majority of sales with a total of 80.3 % revenue share and 85.1% shipment share.

Posted by Maya Xiao

Maya has an interdisciplinary technical background in system automation, renewable energy, and intelligent connected vehicles. She is responsible for Interact Analysis’ Chinese industrial automation and NEV research.