By now you could have in all probability come throughout the quite a few statistics on the anticipated large progress of collaborative robots. Here’s a slight recap: one report predicts a CAGR of 57% resulting in a $4billion market by 2023 whereas one other estimates that by 2020, 150,000 cobots might be in operation worldwide.

That’s thrilling information for each cobots (collaborative robots) producers and the enterprise communities throughout varied industries.


With respect to cobot producers, that is thrilling information as a result of they get an opportunity to broaden their revenue margin by rising to the problem of assembly the demand for provide as robotic use grows.

Additionally, notably with main cobot producers, there is a chance to set the usual upon which all future collaborative robots improvements will seek advice from.

Lastly, the growth of the collaborative robotic trade as a complete because of new jobs, new improvements, and analysis.

Relating to the enterprise communities within the varied industries, that is thrilling information as a result of there’s a likelihood to inject extra productiveness within the day by day operations resulting in a substantial revenue margin.

Nevertheless, for this large progress to really turn out to be a actuality, there must be an entire change within the mindsets of individuals and the full acceptance of cobots as a premier resolution to points plaguing the varied industries.

So, what precisely must be finished?

1. SMEs Should Transfer Past Tentatively Utilizing Robots to Totally Embracing Them

SMEs have made large strides of their incorporation of collaborative robots into their day by day operations. Nevertheless, the numbers are removed from passable.

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SMEs make up over 90% of key economies akin to Australia, the UK, and the US. In rising economies akin to Asia, SMEs contribute round 60% of complete employment in keeping with the world financial institution.

With such large numbers, it follows that except SMEs utterly embrace robotics, then attaining the anticipated progress within the robotics trade will show moderately tough.

The OECD (Group of Financial Company and Growth), famous that SMEs had been lagging behind in digital transition in a 2017 report. They gave an instance noticed in OECD nations the place the ERP enterprise software program that manages info was utilized by over 70% of enormous companies whereas much less the 20% of SMEs had been utilizing the software program.

The numbers are equally disproportionate in the case of robotics use. Whereas giant companies have made the transition and are reaping the advantages, SMEs are nonetheless not absolutely satisfied. The second SMEs notice the advantages robots provide akin to excessive ROI, elevated productiveness, decrease labor prices, and a quicker manufacturing course of, then and solely then will the 57% CAGR estimate turn out to be a actuality.

2. The Human WorkForce Should Totally Perceive and Settle for That Robots Do Not Take Away Jobs, However As a substitute Create Them

The notion that robots are job stealers was behind a number of adverse reactions in direction of robots initially. Whereas that sentiment has died down, it’s nonetheless frequent for entities to keep away from robotic automation as a result of the workers are satisfied they’ll lose their jobs.

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What everybody ought to notice, particularly workers, is that collaborative robots are designed to work alongside people. That because the robots take over the choosing and inserting, the human worker could be in command of giving it instructions and inserting merchandise within the work envelope each time the robotic accomplishes a sure activity.

As well as, as an alternative of the back-breaking work, the human workforce needed to do, they’re freed as much as do extra significant duties. When this occurs, when the human workforce utterly accepts to work hand in hand with robots, then the expansion estimated will stop to turn out to be a prediction and turn out to be a actuality.


Time will inform whether or not these superb statistics will come true. Chances are high, a number of them will. Nevertheless, for that to occur, then adoption by SMEs and an entire acceptance of collaborative robots should first happen.






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