118 Collaborative Robots Are Entering The Sweet Spot Of The Adoption Curve Collaborative robots and humans are likely to operate together, whether on the road, in factories, or at home. Historically, * S-curves reach tipping points when the adoption of new technologies approaches 10-20% market share. Industrial Robot Sales Unit Sales Of Collaborative Robots Collaborative Robots Traditional Robots As A Percent Of Total Industrial Robot Sales 600 12% S 500 10% IC T O s B 400 RO nit 8% U nt ce and300 r 6% s e u P ho T 200 4% 100 2% 0 0% 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 *S-Curve refers to the typical technology adoption curve, which looks like an "S" when plotted over time. Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, including International Federation of Robotics 2023 and Citi Research 2023, which may be provided upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.