Collaborative Robots Market Research Report

 

The market for collaborative robots is projected to grow at a CAGR of 52.6% from 2019 to 2026. The rising adoption in the Small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes are the key factors driving the growth of the global collaborative robots market.

Introduction of the Collaborative Robots Market:

Collaborative robots are robots that work in collaboration with humans. They are particularly designed for supporting humans in a manufacturing workplace effectively and efficiently. The collaborative robots are comparatively light in weight and inexpensive and can work with humans for executing complex and sensitive tasks, which cannot be automated and where limited guidance is needed. Collaborative robots are highly flexible and can easily be programmed.

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Collaborative Robots Market Dynamics

The rising focus towards automation by manufacturing companies as well as increasing demand for compact, lightweight, and dexterous robots, coupled with low average selling price and higher returns by investing in collaborative robots, are some of the major factors surging the growth of the market. Moreover, several small and medium businesses have been adopting collaborative robots at a substantial rate as these robots provide a large range of automation applications. In addition to this, collaborative robots are comparatively economical than conventional industrial robots. They are easy to use, easily implemented, safe to work with human workers, and give more manufacturing output effectively and efficiently.

Growing demand for performing tasks requiring higher payload capacity is further increasing demand in the market. The ability of robots to work effectively with employees in an uncaged environment has led to an upsurge in installation in the industry. The co-robots are specially designed with software, advanced sensors, and End of Arm Tooling (EOATs) that help prevent employee injuries. Additionally, with technological advancements, modern-day robots can perform amazing tasks efficiently and at a lower price. On the other hand, the high cost of investments especially needed for the initial stages, is a major factor restraining the SMEs from entering the market.

Key Players of the Global Collaborative Robots Market:

·        Universal Robots A/S

·        Rethink Robotics

·        ABB

·        Kuka AG

·        Fanuc Corporation

·        Teradyne Inc.

·        Robert Bosch GmbH

·        Precise Automation Inc.

·        Yaskawa Electric Corporation

·        MABI AG.

Collaborative Robots Market Segmentation:

Global Collaborative Robots Market Report Segment by Payload Capacity:

·        Upto 5 kg

·        Between 5 to 10 kg

·        Above 10 kg

Global Collaborative Robots Market Report Segment by Application:

·        Pick and Place

·        Assembly

·        Machine Tending

·        Quality Inspection

·        Handling

·        Packaging and Palletizing

·        Gluing and Welding

·        Others

Global Collaborative Robots Market Report Segment by Industry:

·        Automotive

·        Food & Agriculture

·        Furniture & Equipment

·        Plastics & Polymer

·        Metals & Machining

·        Electronics

·        Healthcare

·        Others

Global Collaborative Robots Market Report Segment by Component:

·        Hardware

o   Robotic Arm

o   End Effector Or End of Arm Tool (EOAT)

o   Drive

o   Controllers

o   Sensors

o   Power Supply

o   Motors

o   Others

·        Software

Global Collaborative Robots Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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