CHINA AND THE US SET TO DRIVE POST-COVID SURGE IN COLLABORATIVE ROBOT SALES

• After an arid 2020, when cobot revenues saw negative growth for the first time, growth is predicted to be of the order of 15-20% year on year up to 2028 • Over half of collaborative robots were shipped to Asia in 2020 • Electronics manufacturing is the largest consumer of cobots, but other sectors are recognising their potential

London, 19th January 2021 - Leading market research company Interact Analysis has released a new report on the collaborative robot market. The report reviews what turned out to be a difficult 2019 and a tumultuous 2020 but gives reason for optimism for the sector from now up to 2028, with significant growth predicted.

As is the case with many industries, Covid-19 has severely affected the short and medium-term outlook for the collaborative robot sector. In 2020 the market saw negative growth for the first time -11.3% in revenue terms, and -5.7% in shipment terms. Factory and warehouse closures slowed down demand; and customers became more cautious about investment, leading to delays or even cancellations of orders. But Interact Analysis's research indicates that there will be a V-shaped rebound for the industry which will result in growth of nearly 20% in 2021, surpassing 2019 market size.

Thereafter up to 2028 there will be an annual growth rate of the order of 15-20%. The forecast has been lowered considerably compared to the equivalent 2019 report, the main reasons being, besides the Covid effect, competition from small articulated and SCARA robots in industrial settings, and the slower than expected increase in cobot installations in non-industrial applications but, in these turbulent times, the outlook looks good for the sector.

The impact of Covid-19 on the cobot market varies from region to region. The virus started in the Asian regions and then moved to Europe and North America. As a result, normal business operations and commissioning of automation projects in the Asia-Pacific region will resume earlier than in other regions. This is important for the cobot market, as over 50% of cobots were shipped to Asian countries in 2020. However, only the Chinese and, interestingly, the North American markets are forecast to surpass the size of 2019, mainly due to large domestic demand. China has seen high take-up of cobots because the country, as the world's largest manufacturing base, is suffering from a labour shortage and is in strong need of higher levels of automation to improve production efficiency. By 2022 all regions are predicted to have exceeded the 2019 market-size, with Western Europe, along with China and North America seeing the fastest growth rates.

Jan Zhang, senior director at Interact Analysis tells us: "Collaborative robots are still the new kid on the block. Their application potential hasn't been fully exploited yet, by any means. At present, electronics is by far the biggest end-industry employing cobots, but their potential is now being recognised across a range of sectors. Their flexibility and ease of use makes them strong candidates for logistics, services and even education applications. Our research tells us that those non-manufacturing areas will account for 21.3% of collaborative robot revenues by 2024. Our little Cobot friends are certainly set to enjoy significant growth compared to other robot types!"

About the report

To produce the report, the Interact Analysis team conducted over 30 hours of interviews with 30 key industry personnel at leading robot companies and end-users. These were conducted face-to-face or by phone. Banks of data were collected and analysed, some direct from companies and held confidentially, some, such as company reports, from public sources. This is another bottom-up and top-down report from Interact Analysis - their preferred model - allying fresh data from collaborative robot companies, regions and end-users (bottom-up) with ‘top-down' information such as estimated penetration of collaborative robots into manufacturing and warehousing applications and factors such as economic outlook, labour rates, labour availability, eCommerce/warehousing growth, GDP and manufacturing output. All these factors contributed to the forecasts found in the report. To learn more, visit https://www.interactanalysis.com/download/the-collaborative-robot-market-report/

About Interact Analysis

Interact Analysis is an international provider of market research for the Intelligent Automation sector. Our team of experienced industry analysts delivers research into three core sectors: industrial automation, robotics and warehouse automation, and commercial vehicles. Intelligent Automation - which is the integration of artificial intelligence and automation - will change virtually every industry imaginable. This combination enables greater efficiencies, productivity, convenience, and scale. It has the potential to drastically alter the outlook for many traditional industries such as manufacturing, healthcare and automotive as well as to lead to the emergence of entirely new industries. To learn more, visit www.InteractAnalysis.com

Featured Product

BitFlow Introduces 6th Generation Camera Link Frame Grabber: The Axion

BitFlow Introduces 6th Generation Camera Link Frame Grabber: The Axion

BitFlow has offered a Camera Link frame grabbers for almost 15 years. This latest offering, our 6th generation combines the power of CoaXPress with the requirements of Camera Link 2.0. Enabling a single or two camera system to operate at up to 850 MB/S per camera, the Axion-CL family is the best choice for CL frame grabber. Like the Cyton-CXP frame grabber, the Axion-CL leverages features such as the new StreamSync system, a highly optimized DMA engine, and expanded I/O capabilities that provide unprecedented flexibility in routing. There are two options available; Axion 1xE & Axion 2xE. The Axion 1xE is compatible with one base, medium, full or 80-bit camera offering PoCL, Power over Camera Link, on both connectors. The Axion 2xE is compatible with two base, medium, full or 80-bit cameras offering PoCL on both connectors for both cameras. The Axion-CL is a culmination of the continuous improvements and updates BitFlow has made to Camera Link frame grabbers.