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According to updated research by market intelligence firm Interact Analysis, the collaborative robot (cobot) market will enjoy modest growth out to 2032, with annual growth rates sitting at around 20 percent. ‘Collaboration’ between humans and robots is now widely accepted so robot manufacturers suggest that the key to future success will be their ability to scale up production and develop new application scenarios. The logistics industry will also play an important role in this growth trajectory.
As a pioneer in adopting traditional industrial robots, the automotive manufacturing industry has significantly improved its productivity and efficiency. Although traditional industrial robots have presented significant benefits, one of the fundamental challenges is their high downtime costs. Industrial robots are dangerous and need to be physically separated from human operators. The physical separation means that if a robot malfunctions, human operators must shut all the machines at a production line before entering the robot's working space.