Collaborative robots, or “cobots”, form an industrial robotics market that is continuously on grow. As of now, cobots form approximately 5% of all industrial robots sold. According to Statzon’s data analysis, the emerging trend is expected to continue in the future with a CAGR of +37.8% until 2028.
In modern day industrial environment, automatization and robotics are becoming increasingly common. Cobots offer many beneficial advantages in these settings, safety being one of the most highlighted attributes. Working next to people means that the cobots work with more manageable speed to cause no harm. For this reason, cobots are also programmed to halt instantly if coming to contact with humans.
According to Statzon’s research, there are more than 50 cobot manufacturers in the world, but only a small number of companies have so far deployed cobots on any meaningful level of scale. The market is moderately competitive, and companies focus on innovation to remain competitive. Acquisitions and collaboration of large companies with start-ups are expected in the future. Universal Robots is the clear market leader with nearly half of the global market.
Statzon has collated the following list that features the top 10 most innovative cobot companies to watch in 2021:
- 1. Universal Robots
- 2. FANUC
- 3. Techman Robot
- 4. Rethink Robotics GmbH
- 5. Festo
- 6. ABB
- 7. Yaskawa Motoman
- 8. KUKA AG
- 9. Omron
- 10. Seiko Epson