Market intelligence firm Interact Analysis has released a new market report - The Collaborative Robot Market 2019 - which indicates strong and sustained growth for the collaborative robot industry. In 2018, global revenues from cobot production exceeded $550 million. This was almost a 60% increase over 2017; and over 19,000 cobots were shipped. Interact Analysis forecasts that revenues for cobots will reach $5.6 billion in 2027, accounting for almost one third of the total robotics market, and that←5kg and 5-9 kg cobots, popular in small to medium-sized industrial settings, will represent the majority of sales in 2023.
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