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Over 50% of CPGs to Increase Cobot Spending

The suspected surge in cobot spending comes at a time when companies are just starting to grasp how to take advantage of them.

Spending Forecast for Cobots

Robotic solutions are more affordable than they have ever been, especially as the newest generation of highly flexible yet cost-efficient cobots proliferate in the market. These lower-cost solutions, coupled with expanding budgets for robots at manufacturers, have resulted in more robots in more industries performing a wider range of tasks, even at SME operations, according to PMMI's 2022 report Robots and Cobots - An Automated Future. To some extent, technology has advanced at such a rapid pace that the largest challenge the manufacturing industry faces is understanding how to translate these technological breakthroughs into practical applications. 

Cobots at SMEs 

Cobots are seeing greater deployment at SMEs as costs have continued to decline. Simplified programming, intuitive interfaces, and a high degree of modular mobility have made cobots more accessible to SMEs that typically lack large budgets and specialized skills. This new generation of adaptable cobots is enabling SMEs to experiment with robotic solutions and achieve higher degrees of automation through gradual, incremental improvements.  To some extent, technology has advanced at such a rapid pace that the largest challenge the manufacturing industry faces is understanding how to translate these technological breakthroughs into practical applications. 

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