Cobots and the Future of Robotic Power Systems
Overview Cobots, or collaborative robots, are at the vanguard of the Future of Robotic Power Systems. These innovative machines are designed to work in conjunction with human beings in a shared operational area. The cobot market is expected to grow rapidly by 60% every year and is set to be worth USD 12,303.0 million by 2026, up from USD 580.8 million in 2020.
Cobots and the Market
Cobot use in industrial environments is set to skyrocket. Present projections anticipate an annual growth rate of around 60% with the market reaching USD 12,303.0 million by 2026, representing an enormous increase from the previous USD 580.8 million in 2020. Factors contributing to this rapid growth include the demand for efficient production methods, improved human-safe technology, and the need for flexible machines with the ability to perform multiple tasks.
Work Efficiency and Industrial Automation
One of the main attractions of using cobots in industrial settings is the significant increase in work efficiency. With the need for flexible machinery on the rise, cobots offer a solution for repetitive tasks thus freeing up human workers for other duties, potentially boosting productivity by as much as 85%. Furthermore, cobots can work non-stop for up to 30,000 hours without error, hugely improving the overall efficiency of the operational process.
Safety and Industrial Collaboration
Safety and collaboration are significant challenges in the domain of industrial robotics. However, cobots are designed to work in conjunction with human employees within the same workspace. Thanks to their built-in safety protocols, cobots can instantly respond to unexpected situations, dramatically reducing the likelihood of accidents. Current statistics estimate that around 90% of all cobots are being employed in shared workspaces, proving their reliability and attractiveness to many industries.
Key Takeaways
• Rapid growth of the cobot market with projections reaching USD 12,303 million by 2026.
• Improvements in work efficiency and operational process, potentially boosting productivity by 85%.
• Almost 90% of all cobots are being used in shared operational spaces due to their enhanced safety features.
• Cobots can work non-stop without error for an approximated 30,000 hours.
Representing the future of robotic power systems, 3Laws Robotics develops outstanding software to enhance the safety, reliability, and operational efficiency of robotic systems. A primary focus of 3Laws is to tackle the challenge of certification, often a major issue for robotics companies. Our software, 3Laws Supervisor, simplifies this process by incorporating robust safety features and evidence of system robustness, potentially easing the certification path.
Built on Control Barrier Functions (CBFs), technology developed at Caltech, 3Laws Supervisor provides mathematically provable safety. The software has a number of use cases across diverse industries and applications. For instance, in warehouse automation, 3Laws proved instrumental in helping an autonomous forklift customer achieve a 40% efficiency gain, resulting in a 6-month payback period. We also aim to enhance operational efficiency by minimizing downtime caused by unnecessary e-stops or collisions, allowing robots to operate closer to their peak capabilities.
Our adaptable software works with a wide range of platforms and is compatible with popular robotics middleware. 3Laws positions itself as a next-generation safety solution that offers a proactive approach to safety, unlocking the full potential of robotics with dynamic, predictive safety that can be certified for ISO 3691-4 and ISO 26262.