We outline the market outlook for collaborative robots in advanced manufacturing — from investment trends, to leading companies, to recommendations for players in the space.
What are collaborative robots?
Collaborative robots, or cobots, are smaller robots with a high degree of customization that work alongside people on the factory floor. They are designed specifically to enhance the capabilities of workers — not replace them.
Cobots also have modular capabilities. They generally cost around $24,000, paying themselves off in an average of 195 days.
Features & capabilities
Cobots provide advanced manufacturing leaders with several capabilities, including the following:
- Customization to each application
- Varied processing capabilities