The global Collaborative Robots Market was valued at US$ 691.2 Mn in 2020 and is expected to reach US$ 14,836.6 Mn by 2028, exhibiting a CAGR of 43% between 2021 and 2028.
The research and development environments have been involved in the use of robots possessing embedded torque and force sensing technologies over the decades which in turn is increasing the implementation of collaborative robots in automation. Despite having a long history of using robots for several manufacturing purposes such as on the assembly lines and welding, the companies operating in automotive industry that are new to automation, might face challenges with the programming robots. The need for user-friendly robots that do not require highly skilled workforce to deploy and carry operations as well as are low maintenance, has paved the way for developing a common software platform. This platform enabled the integration of robots, their motion controlling and drives along with the generation of an interface that eases the programming of such robots.
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The demand arising from the automotive industrial customers, engineers, and researchers has initiated the development of collaborative robots. Moreover, these robots assist the packaging market and the industries targeting to enhance their production rates. Robots are currently working in several industries and are on the verge of impacting the logistics industry overcoming the challenges such as complicated work processes, handling numerous tasks in several number of combinations all in the compact spaces. With the development of next-generation of collaborative robots that are capable of seeing, moving, and reacting to the environment can precisely work in collaboration with the humans to increase the demand for cobots across several industry verticals along with logistics. Hence, increasing demand from logistics is anticipated to drive the overall collaborative robots market.
Major players operating in the global collaborative robot (cobot) market include: ABB, Universal Robots, FANUC Corporation, Techman Robot, AUBO Robotics, KUKA, Kawada Robotics, Productive Robotics, Kawasaki Robotics, Precise Automation, YASKAWA, F&P Robotics, Rethink Robotics, Robert Bosch, MABI Robotic, Siasun, Franka Emika, Hanwha Precision Machinery, Carbon Robotics, Han’s Robot, ST Robotics, and Others
Market segmentation
By Payload:
Up to 5 Kg, 6-10 Kg, and 11 Kg and Above
By Component:
Hardware and Software
By Application:
Welding and Soldering, Material Handling, Assembling and Disassembling, Processing, Dispensing/ Painting / Spraying, and Others (Molding, Quality Testing, etc.)
By End-use Industry:
Healthcare, Automotive, Food and Beverages, Metals and Machining, Plastic and Polymers, and Others (Retail, Electronics, Furniture and Equipment, etc.)
The base of geography, the world market of Collaborative robots has segmented as follows:
North America includes the United States, Canada, and Mexico
Europe includes Germany, France, UK, Italy, Spain
South America includes Colombia, Argentina, Nigeria, and Chile
The Asia Pacific includes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia
Scope of this Report:
- This report segments the global Collaborative robots market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
- The report helps stakeholders understand the pulse of the Collaborative robots market and provides them with information on key market drivers, restraints, challenges, and opportunities.
- This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.
Table of Content (TOC):
Chapter 1: Introduction and Overview
Chapter 2: Industry Cost Structure and Economic Impact
Chapter 3: Rising Trends and New Technologies with Major key players
Chapter 4: Global Collaborative robots Market Analysis, Trends, Growth Factor
Chapter 5: Collaborative robots Market Application and Business with Potential Analysis
Chapter 6: Global Collaborative robots Market Segment, Type, Application
Chapter 7: Global Collaborative robots Market Analysis (by Application, Type, End User)
Chapter 8: Major Key Vendors Analysis of Collaborative robots Market
Chapter 9: Development Trend of Analysis
Chapter 10: Conclusion
Conclusion: At the end of Collaborative robots Market report, all the findings and estimation are given. It also includes major drivers, and opportunities along with regional analysis. Segment analysis is also providing in terms of type and application both.
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This helps to understand the overall market and to recognize the growth opportunities in the global Collaborative robots Market. The report also includes a detailed profile and information of all the major Collaborative robots market players currently active in the global Collaborative robots Market. The companies covered in the report can be evaluated on the basis of their latest developments, financial and business overview, product portfolio, key trends in the Collaborative robots market, long-term and short-term business strategies by the companies in order to stay competitive in the Collaborative robots market.
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