Automation Canada Quarterly Volume 1 Issue 1 - 12

"If we looked at just the robot hardware alone, that appeared to be a
more cost-effective solution," says Wittenberg. "But once we started
factoring in the savings on not having to erect a safety cage - and the
time saved on the ease of use, avoiding a lot of complex
programming - Universal Robots ended up being the right solution."

Cobots are now the fastest-growing segment of industrial
automation, with the yearly revenue for cobot arms expected to reach
$11.8 billion by 2030, up from $1.9 billion in 2018 according to newly
released analysis from ABI Research.

Fast return on investment continues to be a significant advantage of
collaborative robots, and an opportunity for manufacturers to get a
jump on their financial resolutions as well. Universal Robots customers
around the world typically see ROI within the first year, with many
seeing much faster return in just a few weeks or months.
"When we first started looking into automation, I was surprised to find
that we could afford a six-axis robot - and a collaborative one at that,"
says Joe McGillivray, CEO of Dynamic Group, an injection molding
company in Minnesota that deployed UR cobots. "I assumed those
systems cost hundreds of thousands of dollars, which was not the
case. The return on investment on our first system was just under two
months."
UR lowers automation barrier to entry with free training and
extensive ecosystem
With more than 39,000 cobots sold worldwide and nearly 60% of
global market share, UR is well-positioned to help manufacturers get
started and succeed with cobots. Free online UR Academy training
has helped more than 85,000 users from 130 countries (and
counting) quickly learn how to implement, "teach," and redeploy
collaborative robots for almost any task. And the UR+ ecosystem
provides over 200 certified products and 400 approved commercial
developers that provide guaranteed plug-and-play compatibility with
UR cobots for fast and easy implementation.
Cobots are now the fastest-growing segment of industrial
automation, with the yearly revenue for cobot arms expected to reach
$11.8 billion by 2030, up from $1.9 billion in 2018 according to newly
released analysis from ABI Research.
C A N A D I A N A U TO M AT I O N

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VOLUME 1, ISSUE 1

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https://www.universal-robots.com/about-universal-robots/news-centre/universal-robots-makes-january-national-cobot-awareness-month/

Automation Canada Quarterly Volume 1 Issue 1

Table of Contents for the Digital Edition of Automation Canada Quarterly Volume 1 Issue 1