As we enter 2016, Universal Robots is in the middle of the most exciting era in the history of robotics and the automation industry. We continue to see explosive growth, with 2015 establishing a new record in Robot sales worldwide, topping 2014 by 15%. This year, we expect an even steeper curve. Specifically, the market for collaborative robots —what we call cobots— accounts for 100 Million US dollars per year, expected to increase roughly tenfold reaching over the US $1 billion in 2020.
As the inventor of this disruptive technology, we’re poised to retain our leadership position while expanding what is already a majority market share.
In the months to come, you can expect to see new exciting features, technologies, applications, and products from our R&D group. Already, technology advances and industry innovations from Universal Robots and others have led to robotics becoming mainstream in small and medium-size manufacturers, helping them reduce manufacturing costs so they can compete effectively in broader markets. And human collaboration with robotics continues to make advancement in traditional markets as well as helping to develop new applications for automation.