ABB is one of the leading automation companies in the world. From collaborative robots to factory automation software, here's how companies are unbundling the robotics pioneer.
ABB reported revenue of nearly $29B in 2021, an 11% increase compared to the prior year.
This growth is partly attributed to ABB’s wide-ranging efforts in automation technologies, including everything from large manufacturing equipment to nimble, self-driving vehicles that zip around warehouses, as well as the enabling hardware components and supporting software.
But lots of startups and rival incumbents are also eyeing the industrial automation opportunity.
Below, we take a look at the companies that are unbundling ABB and the broader industrial robotics market.