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Collaborative robot market has strong long-term future

Control Engineering

Collaborative robot insights The collaborative robot (cobot) market dropped 20% in 2022 after a strong 2021, which led some to worry the market was heading for a downturn for the future. According to Interact Analysis’ ‘Global Collaborative Robot Market – 2023’ report, market revenue grew by 17.2% to 37,780 units.

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Back In Action: An MCMT Special

Dinesh Mishra

PEB manufacturing is also another industry which is witnessing a lot of investments due to the increase in demand for warehousing requirements and improvement of logistics industry. Smart machines and robotics will handle more of the industrial work especially where human intervention would be seen as more dangerous to deploy.