Why Collaborative Robots Are Commanding the Largest Market Share

There is an explosion that was unexpected in the robotics market. It is the demand for collaborative robots also known as cobots. Some robotic technology leaders are on record expressing their amazement at the positive response that these smart systems have received.

Leading collaborative robots market leader claims over 50% of the current market share. This is the company that is behind thousands of modern collaborative robots used in various industrial applications such as pick and place, palletizing, and machine tending.

Just why are collaborative robots taking over the robots market share? And why are more and more companies investing their energy in designing collaborative robots as opposed to industrial robots? Is it because it is the ‘in thing’ or are there associated industrial benefits? Let’s find out.

Reasons for the Rising Demand for Collaborative Robots

One of the main reasons as to why there is a rise in demand for cobots is the need to curb the increasing cost of labour. Due to the continued economic growth and expansion, the average cost of all wages has gone up. In some of the leading manufacturing economies, the costs of hiring have more than doubled over the last 10 years.

As a result of the increased costs, production firms and companies have sought solace in collaborative robots. Cobots are the most ideal alternative because unlike traditional sources of labour, these are inexpensive to acquire and maintain.

The affordable prices have also invited smaller and medium producers into automation. Traditional robots and machines are not only expensive to acquire but to also maintain. Many small and medium enterprises have always shied away for the fear of delayed returns on investments. Cobots have proved to be an affordable alternative that is equally effective. Therefore, small factories have invested more in these systems and this explains the increased demand for cobots.

A continued shortage in the number of skilled professionals for certain fields also necessitates the need for collaborative robots and in the end an increase in demand. Traditional professionals such as electricians are very few and or unwilling to work in the current working environments. Others charge very high rates.  The only affordable alternative lies in collaborative robots which are equally effective upon programming and are more reliable.

Another reason is the pressure to be more productive. Collaborative robots are designed for repetitive and monotonous tasks. These are employees who are able to deliver standard results, consistently. The need to meet market demand has led many firms and companies to invest in smart cobots.

Great automation has powerful effects that are better placed to transform the manufacturing sector sooner than later. With collaborative robots, manufacturers are at liberty and have a number of options to choose from. More investments will thrive; small and large-scale manufacturers will receive a major boost. The cost of production will get lower and the so will the products. The competition will be primarily based on other factors like quality and not the price.

Production Areas Thriving In Cobots Systems

Below is a look at some of the areas where cobot’s success has been tested and proven.

Large farms across the globe are using collaborative robot systems for different activities. For instance, there are agricultural self-driving tractors used for farming, automatic milking systems, and cobots for picking farm produce during harvesting.  All these are on record for having positively impacted the agricultural sector.

The service industry has also benefited immensely from collaborative robots. There are a variety of cobots that can process digital orders for the clients. As they go about this, the human employees are engaging in other sensitive activities like deliveries or handling complains.

Automation has been a journey. It has taken close to one and half a decade to get here. We can only embrace the milestones. Appreciate that we do not have to stick to the expensive industrial machines that were life-threatening and scary to work around. Let’s make the most of the fact that robots are at that level where they are just like a fellow colleague, working side by side for a common goal. Let’s automate packaging, palletizing and all other repetitive tasks because it is safely possible.