Collaborative robot market to reach $7.2B by 2030, predicts ABI Research

cobot arm

Despite a lack of growth in 2023 and 2024, the latest report from ABI Research predicted that revenue from collaborative robots will increase from $970 million in 2023 to $7.2 billion by 2030 at a compound annual growth rate, or CAGR, of 28%. The research firm said that safety, lower average selling prices, and accessibility will drive cobot sales in the coming years.

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