It is a well-known fact that many jobs in manufacturing, assembling and processing sectors involve dull, dirty and dangerous work and companies rely on foreign labour for these tasks. In light of the pandemic, they should ideally consider automation utilising collaborative robots or cobots, to overcome these situational issues and ensure continuity.
Collaborative automation is setting a trend for people to ascend to more interesting jobs. With the implementation of the system, humans can become expert cobot operators. Workers can now assign their ‘co-workers’ -- the cobots -- with the repetitive tasks, while they spend more time developing strategies and finding solutions for business challenges with their creative, problem-solving skills.
Unlike traditional industrial robots, cobots are designed to work alongside humans, giving businesses the benefits of a combined workforce. These changes eventually could lead to greater job satisfaction and career advancement.
A report by the World Robotics 2020 Industrial Report shows a record of 2.7 million industrial robots operating in factories globally, with 373,000 units shipped in 2019.
Amongst industrial robots, cobots continue to be the fastest-growing segment of industrial automation, projected to grow at a Compound Annual Growth Rate (CAGR) of 41.8% globally from 2020 to 2026, a report by Markets&Markets showed.
The Asia Pacific cobot market is projected to become the largest cobot market worldwide, growing at a compounded annual growth rate (CAGR) of 45.46 percent, with an addressable cumulative market value of $13.17 billion over the next seven years in terms of cobot hardware.
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