According to ABI (see link below) the cobot market, as a percentage of the industrial market will increase from 5% in 2019 to 29% by 2030. In monetary terms that’s a yearly revenue increase of USD 711 million to USD 11.8 billion. Under the broader definition of the market, the cobot market was worth just over USD 1 billion in 2019 and will be worth USD 24 billion by 2030. This growth according to ABI is not just related to adoption by smaller manufactures, but also to the increasing convergence between industrial robots and cobots.

https://www.abiresearch.com/press/collaborative-robot-market-will-exceed-us11-billion-2030-representing-29-total-industrial-robot-market/

ABI's findings are confirmed by Zion Market Research. According to Zion Market Research (see the link below) the industrial robotics market was worth around USD 41.7 billion in 2021 and is estimated to grow to about USD 81.4 billion by 2028, with a compound annual growth rate of approximately 11.8% over the forecast period.

https://www.zionmarketresearch.com/report/industrial-robotics-market

This growth is also reflected in the encoder market. According to Mordor Intelligence (see link below) the encoder market was valued at USD 2.48 billion in 2021, and it is expected to reach USD 3.85 billion by 2027.

https://www.mordorintelligence.com/industry-reports/encoder-market

We are thrilled to announce that our second round of funding has been successfully completed, and all the remaining shares in our company have been recently acquired. Our gratitude to all those who have shown interest and support in investing.

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