Cobots Continue to Gain Interest for Flexible Automation, Tipping the Market Over US$600 million in 2021 Collaborative robots continue to attract attention and investment as an affordable form of automation News provided by Share this article Share this article LONDON, May 26, 2021 /PRNewswire/ -- Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability and convenience to end users who struggle to afford more traditional forms of automation. According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade. The market had a global valuation of US$475 million in 2020, which will expand to US$600 million in 2021 and US$8 billion in 2030, with a projected CAGR of 32.5%.