Cobot Market

Cobot Market Research,2030

COBOT market to surpass USD 1.1 Billion by 2030 from USD 16.5 Billion in 2020 at a CAGR of 44.3 % in the coming years, i.e., 2021-30.

Cobots, are constructed to help human beings with particular tasks, which are highly complex and require high precision. These robots work in a close relationship with humans. The robots can detect any unusual activity in their surroundings and can cooperate with humans without physical departure. Smaller, smarter, flexibility, and user-friendly are some qualities that make cobots more attractive to be used in firms and industries. Because of several advantages like increased productivity and better employee utilization, collaborative robots are increasingly being used in different applications. Collaborative robots (cobots) decrease the total production costs and enable a fast return on investment.

Market Highlights

Global COBOT Market is expected to project a notable CAGR of 44.3 % in 2030.

The co-operating robot or cobot is designed substantially to communicate with individuals in a common workspace. The driving force for growth is the growing adoption in small and medium businesses (SMEs) and investment in manufacturing automation is expected to drive the market growth. The introduction of robotics in sectors such as the manufacturing of smart parts and the production of goods in the electronics industry further boosts the demand.

Global COBOT Market: Segments

The up to 5kg segment is anticipated to register XX% of the volume share and is expected to grow at the highest CAGR.

The global Cobots Market is segmented by payload into up to 5 Kg, up to 10 Kg, and above 10 kg. The versatility, lightweight, and capability of the system to optimize collaborative processes of low weight, including positioning, selection, and testing are driving the market growth of this segment. Because of their ability to handle larger tasks that require precision, reliability, and coordination with heavier weight processes, Cobots with a capacity of over 10 kg are expected to see substantial growth.

Assembly segment to grow with the highest CAGR during 2020-30

The global Cobots market is segmented by Application: assembly, pick and place, handling, packaging, quality testing, machine tending, gluing and welding, and others. Workers are also at risk of contamination while employed in industries like food & drink, and healthcare and are not only susceptible to errors or injury. Machine tending requires workers to stand alongside a CNC or injection molding machine for long hours. Collaborative robots can automate a computer tending process without supervision over hours and increase productivity.

Market Dynamics

Drivers

User-Friendly Application

Adopting advanced robotic systems and the qualities of such technologies as user-friendliness and security are some of the drivers of global cobots development.

Application in heavy payload

The rising demand is anticipated to increase demand for work requiring higher efficiency. In an uncaged environment, the capability of robots to work efficiently with staff has led to increased industrial installations. The co-robots are designed to avoid employee injury using advanced sensors, software, and Arm End Tooling (EOATs).

Restraint

High initial investment and rigorous training program

The main restrictions on the market are the huge initial investment in solutions and the rigorous training program for employees to interact with these robots, which require considerable time and investment and lead to reduced company adoption.

Global COBOT market: Key Players

• EPSON Robots 
• F&P Robotics AG
• KUKA AG
• Precise Automation
• Robert Bosch GmbH
• Yaskawa Electric Corporation
• Techman Robot by Quanta Storage
• DENSO Robotics
• Inc.; Franka Emika GmbH
• Comau S.p.A
• Energid Technologies Corporation
• Fanuc Corporation
• MRK-Systeme GmbH
• Other Prominent Players

Global COBOT market: Regions

Global COBOT Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global COBOT market in Europe held the largest market share of XX% in the year 2020. The huge application of cobots in various vertical components, such as electronics, logistics, and inspections, is attributed to regional growth. In addition, a range of benefits can be extracted from regional growth in cobot technology, such as an increase in cooperation and productive solutions for manufacturing optimization offered by workplace automation.

Global COBOT market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global COBOT market report also contains analysis on:

COBOT Market Segments

• By Payload:
  • up to 5 Kg
  • up to 10 Kg
  • above 10 kg
• By Application:            
  • Assembly
  • pick and place
  • packaging
  • handling
  • quality testing
  • machine tending
  • gluing and welding
  • Others
• COBOT Market Dynamics
• COBOT market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

COBOT Market Report Scope and Segmentation

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