Collaborative robotics market to exceed $1 billion by 2020

The collaborative robotics sector is expected to increase roughly tenfold between 2015 and 2020, reaching more than $1 billion from approximately $95 million in 2015, according to a new study published by ABI Research entitled Collaborative Robotics: State of the Market / State of the Art.

The growth will be fueled by three key markets: electronics manufacturers and electronics manufacturing services companies, small-to-medium manufacturers, and manufacturers seeking robotic solutions optimized to support agile production methodologies.

According to Dan Kara, practice director, robotics at ABI Research, “Collaborative robotic systems, such as ABB’s YuMi and Gomtec / Roberta platforms, Rethink Robotics’ Baxter and Sawyer, Universal Robots (Teradyne) UR family of robots, KUKA’s LBR iiwa and Kawada Industries’ Nextage, were developed in response to a number of pressing social drivers and businesses imperatives, and aided by ongoing technological innovation and dropping prices for powerful enabling technology. The sector is very dynamic and is expanding rapidly with new product offerings being released into the market from both established companies and smaller, emerging firms. Larger firms are actively acquiring smaller companies with proven technology.”

For a deeper look at collaborative robotics, its representative technologies, operational capabilities, political / social imperatives, and business drivers, attend ABI Research’s complimentary webinar: Collaborative Robotics: Market Opportunities on June 11, 2015 at 11 am ET, hosted by Dan Kara. Included on the webinar page please also see our complimentary infographic which works in accordance with the upcoming webinar.

This report is part of ABI Research’s Robotics, Automation and Intelligent Systems Market Research.