I work for a robotics company. I’m sure you can imagine the rush that comes when the latest predictions about the growth of the market peg the opportunity on the fast-track to exponential growth. After all, it’s how I make my living.
For collaborative robots (cobots), the news seems to be all good. Last fall, a report crossed my desk touting CAGR of 57+ %, resulting in a market size of $4+ billion by 2023; another reported that 150,000 cobots would be deployed worldwide by 2020. Reading these, it’s easy to understand how one might get swept up in the head-spinning optimism. Not me, though. If there’s one I’ve learned in my career in the world of disruptive technology, it’s beware the hype.
Read the full story at forbes.com.
For more on the evolution of cobots, check out: "Hand in hand: What collaborative robots mean for worker safety."