Global Collaborative Robots Market is valued at USD 1,175.6 Million in 2021 and is expected to reach USD 9,979.1 Million by 2028 with a CAGR of 35.73% over the forecast period.
Global Collaborative Robots Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: High rate of ROI in comparison to conventional industrial robots, increase in the demand for automation in the healthcare sector, and advancements in edge computing are some of the major factors driving the growth of the global collaborative robots Market.
Collaborative robots are an ideal demonstration of the recent shift in robotics hardware. In the present market context, quick and stiff industrial manipulators are giving way to collaborative robots. Due to their design goal of collaborating with humans, collaborative robots are equipped with security measures such integrated sensors, overcurrent detection, and passive compliance. When an external force becomes too strong, the integrated sensors detect it and prevent the robot from moving. Cobots may be deployed in an economical, safe, and diverse way. Cobots, or collaborative robots, makes automation easier than ever for small and medium-sized enterprises all around the world. Cobots are meant to coexist with people in the workplace, enabling automation more accessible to businesses than ever before. All of these benefits have made cobots a game-changer in a variety of applications.
This pandemic had a negative effect on the market in 2020 since China is regarded as a crucial market in the APAC region. A few of the market's main businesses, situated in Asia Pacific and Europe, such as ABB, Universal Robots, and FANUC, have predicted a large reduction in sales in 2020. The COVID-19 outbreak hampered and disrupted collaborative robot adoption in a number of important sectors, including electrical and electronics, automotive, metals, and machining. Furthermore, as a consequence of the continuous lockdowns, the broader supply chain ecosystems across all sectors have been impacted. Sectors such as autos and general manufacturing, where robotics technologies play an important role, are rapidly declining.
The global Collaborative Robots market is segmented based on the component, payload, application, end-use, and region & country level. Based on components, the global Collaborative Robots market is segmented into hardware and software. By payload, the market is segmented into Up to 5 Kg, 5-10 Kg, and above 10 Kg. By application, the global collaborative robots’ market is segmented into handling, welding and soldering, assembling & disassembling, dispensing, processing, and others. By end-use, the global collaborative robots’ market is segmented into automotive, electronics, metals & machining, plastics and polymers, food and beverages, furniture and equipment, healthcare, and others.
The regions covered in the global Collaborative Robots market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Collaborative Robots is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global Collaborative Robots market report cover prominent players like
On June 21st, 2022; The deployment of a 20-kilogram cobot was announced by Universal Robots AS. The UR20 cobot is the latest member to Universal Robots' remarkable array of cobots, offering an entirely new design founded on the knowledge of highly talented engineers at Universal Robots.
On November 22nd, 2022; Dobot has created the Nova Series of cooperative robots for retail customers to perform jobs including producing coffee, ice cream, cocktails, fried chicken, noodles, and even physical therapy. The Nova 5 and Nova 2 are the first two variants in the Nova Series, with payloads of 5 kg and 2 kg, respectively, for handling retail and therapeutic jobs. During pandemics, they may replace employees to assist cut operational costs and direct human interaction.
On February 2nd, 2022; Yaskawa Motoman, one of the world's top producers of industrial robots, introduced two new six-axis collaborative robots, the HC20DTP, and HC10DTP. The HC10DTP and HC20DTP allow people to operate securely with robots in a broad range of collaborative applications such as dispensing, assembly, material handling, machine tending, packing, and welding.
In general, these Automation solutions can substantially lower delivery costs. This is supported by recent robot breakthroughs, which enable organizations across a wide range of sectors to operate autonomously with greater human aptitude and ability. Additionally, important factors pushing robot adoption are rising benefits and pay rates, personnel shortages, and lengthier training and onboarding. Automation is becoming increasingly frequent in distribution, distribution centers, and warehousing. Furthermore, as technology progresses and applications become wider and more diverse, a rising number of industrial organizations throughout the area are adopting robots. Additionally, cobots play an important part in industrial automation by managing various vital activities and operations in industries. Moreover, even in hazardous situations, they can perform difficult, repeated tasks with accuracy. As a consequence, cobots have been used in manufacturing units across a broad variety of industries. For example, according to an UiPath poll, over 88% of firms believe that automation will increase human productivity and be most successful when technology is utilized in conjunction with humans.
When compared to other typical industrial robots, cobots deliver a high return on investment. Their and significant return on investment are enticing to small and medium-sized firms, as is the prospective expansion of robot deployment in many countries. Furthermore, the cost of deploying collaborative robot-additional equipment exceeds the cost of the robot itself, while the expense of deploying regular industrial robot-additional gear exceeds the cost of the robot itself. As a result, the total cost of standard industrial bots, including extra hardware and components, is greater than that of cobots. As a result, cobots have a higher return on investment than standard industrial robots since they simply need a controller, an indicator, and a vision system. Furthermore, cobots are becoming less costly, simpler to use, and less difficult equipment for training. This will mainly provide enterprises with a range of options, expanding their cobots. It will also allow industries of all sorts and scales to remain competitive by using the newest plug-and-play technologies, sensors, and automated robot programming from CAD data.
Collaborative robots, also known as cobots, are intended for direct human contact in shared spaces or in areas where humans and robots are in close proximity. Cobot applications contrast with traditional industrial robot applications in which robots are kept apart from humans. Due to technology developments, collaborative robots outperform industrial robots in a few applications. The need for collaborative robots is increasing owing to their productivity, flexibility, and safety. Demand is expected to rise significantly in the next years, with sustained growth expected over the next 10 years.
The most difficult obstacle for all robots was the constant tooling required when working with different materials. New gripper options for collaborative robots that are intended to handle big component dimensions are now available. Soft grippers, the most current gripper advancements, allow robots to control soft and stiff components by providing air pressure or fluid to the flexible material. By combining machine learning with an artificial intelligence (AI) system, a highly complex and effective robotic system is being constructed. When addressing pick-and-place applications, machine learning reduces the already minimum programming needs of collaborative robots. It gets cobots ready for Industry 4.0.
During the projected period, the worldwide market is predicted to increase significantly. However, there are other elements that may have an influence on growth. For example, the initial high expense necessary for acquisition, integration, programming, accessories, maintenance, and so on might limit expansion. Additionally, a lack of skilled personnel in undeveloped and emerging countries is a crucial problem impacting progress. Furthermore, rigorous government regulations might be seen as a major impediment to global market expansion.
Due to the presence of Chinese permitted and illegal firms functioning in this industry field, rising small and medium enterprises, growing industrial output, and other factors, the Asia Pacific region is predicted to develop fast in the next years. Increased demand for customized equipment and automobiles in this sector, which needs high precision and rapid production capability, is contributing to market development. Moreover, due to the expansion of manufacturing sectors, China is predicted to increase dramatically. Furthermore, the region's industries have gained a competitive edge due to the easy availability of affordable labor, lax pollution and safety laws, low manufacturing costs, and government rules for FDIs, helping APAC to continue its dominating position as a leader in this industry.
With rising manufacturing sectors, government intervention to promote SMEs, the introduction of industrial automation and industry 4.0, and other causes, North America is expected to grow fast over the projected period.
Furthermore, throughout the projected period, Europe is predicted to lead global market growth. The region's development is expected to be boosted by proactive government support for factory automation technologies such as smart factories, industrial revolution 4.0, and others. Moreover, significant funds are being committed to collaborative robotics development and research which is propelling the sector ahead.
Middle East and Africa
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 1,175.6 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 9,979.1 Million
|Tables, Charts & Figures:
|AUBO Robotics, ABB, Doosan Robotics, Comau, FANUC, F&P Robotics, KUKA, Franka Emika, Precise Automation, MABI Robotic, Stäubli, Rethink Robotics, Universal Robots, Techman Robot, YASKAWA, and others.
|By Component, By Payload, By Application, By End-use.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa
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