Collaborative Robot Market

Collaborative Robot Market Distribution by Payload Capacity (below 6 Kg, between 6 and 10 Kg, and above 10 Kg), Type of Industrial Operation, End Users and Key Geographical Regions: Industry Trends and Global Forecasts, 2020-2030

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In the midst of the COVID-19 pandemic, there is an urgent requirement to automate (minimize human contact) the diagnosis of the infection. In this situation, cobots can be used for tasks, such as opening vials, processing patient samples and loading them into the required instruments for diagnostic testing. Further, I believe that such robots can play a role in delivery of treatment or vaccines

-- Chief Executive Officer, a mid-sized company

Collaborative Robot Market Overview

The collaborative robot market is estimated to be worth $931 million in 2020 and is expected to grow at CAGR of 34% during the forecast period.

Presently, the world is witnessing a radical change in the way industrial operations are conducted. Technological advances have now enabled a number of simple and complex processes to be automated. In addition, growth in adoption of the concept of internet of things has led to the generation of large volumes real-time data, which require advanced machine-learning techniques for analysis. Collectively, the aforementioned developments have initiated a new phase in the current industrial revolution, which is commonly referred to as Industry 4.0.

Over the years, various industry stakeholders have actively invested in the development and implementation of automation technologies in manufacturing operations, in order to minimize expenditure on labor, reduce scope of error in the supply chain, and optimize existing processes. Further, it is estimated that up to 30% of manufacturing jobs in the US are likely to be automated by 2030. In this context, the ongoing COVID-19 pandemic has further promoted the adoption of automation technologies, now that the global labor force is required to work under strict social distancing guidelines.  

Collaborative robots (cobots) represent a variant of industrial robots and is currently considered to be  one of the fastest growing segments in industrial automation. A cobot is a type of robot that is designed to operate alongside humans in shared workspaces. According to experts, these machines are easy to program and deploy, can increase productivity manifold, and offer high returns on investment. In fact, it is estimated that human robot collaboration can increase the efficiency of various industrial operations by 30-40%.

According to the International Federation of Robotics (IFR), over time, the cost of cobots has decreased owing to the growing demand for such machines across various industries, including automobiles, electronics / electrical goods, food and beverages, and life sciences / pharmaceuticals. In the healthcare industry, cobots are used in medical research, patient care, pharmaceutical manufacturing, and a number of other sensitive operations where there is no scope for human error. According to a study conducted by Robotic Industries Association (RIA), revenues generated by sales of cobots is anticipated to represent 34% of the overall industrial robots market, by 2025. Owing to the above mentioned reasons, global collaborative robot market is likely to witness substantial market growth during the forecast period.

This image highlights the context of Global Collaborative Robots (Cobots) Market report. Given their flexibility and price to functionality ratio, cobots represent an ideal entry-level, automation model for both small and established companies, which do not intend to make very heavy large investments in automation This image provides views and opinion of various key stakeholders engaged in Global Collaborative Robots (Cobots) Market. Discussions with eminent representatives from different companies, focused on automation of various industrial processes, have confirmed the rising interest in the adoption of cobots This image provides list of Collaborative Robots. Several players are currently engaged in the development and / or manufacturing of different types of cobots for a wide variety of operations, including both simple and precision tasks

Key Companies in Collaborative Robot Market 

Examples of key companies engaged in collaborative robot industry (which have also been profiled in this market report; the complete list of companies is available in the full report) include Kinova, Precise Automation, Robotics Systems Integration, ABB, Comau, FANUC, KUKA, Staubli, Universal Robots and Yaskawa Electric. This collaborative robot market report includes an easily searchable excel database of all the companies developing cobots, worldwide.

Recent Developments in Collaborative Robot Market

Several recent developments have taken place in the field of collaborative robot industry. We have outlined some of these recent initiatives below. These developments, even if they took place post the release of our market report, substantiate the overall market trends that have been outlined in our analysis.

  • In July 2023, Collaborative Robotics raised USD 30 million across Series A funding round to develop and deploy novel cobot. 
  • In July 2023, Neura Robotics raised USD 55 million funding with an aim to ramp up in cognitive robotics.

Scope Of the Collaborative Robot Market Report

The Collaborative Robot Market report features an extensive study of the current market landscape, market size, market share, market growth, market forecast, market outlook and future opportunities for the developers of collaborative robots. The market research report features an in-depth analysis, highlighting the capabilities of various industry stakeholders engaged in collaborative robot market.

This image presents current market landscape of Collaborative Robots. Over 230 cobots, having variable payload capacities and degrees of freedom, have already been deployed, or are being actively adopted across various industries, including the life sciences and pharmaceutical industry This image highlights competitive analysis of Global Collaborative Robots. In order to achieve a competitive edge, several manufacturers are presently focusing on the integration of advanced technical features into their cobots portfolio for performing a variety of industrial tasks This image highlights the geographical distribution of Collaborative Robots Manufacturers. Companies involved in the development of industrial cobots are evenly distributed across the globe; it is worth noting that a number of start-ups claim to be working on cobots with advanced safety and hand guiding features

In addition to other elements, the collaborative robot market research report includes:

  • An overview of the current market landscape of cobots, providing information on the market availability (available and under development), industrial task(s) performed (air blowing / spraying, CNC machine tending, gluing / dispensing / welding, loading / unloading, material handling, material removal / processing, packaging, palletizing, picking and placing, quality inspection, screw driving and small-part assembly), weight of cobots, payload capacity, degrees of freedom, maximum reach, position repeatability, number of arms, type of mounting, temperature of operational environment, end-user industry (aerospace, agriculture, automotive, food processing, electrical / electronic, life sciences / pharmaceutical, logistics, manufacturing, metal, and plastic and polymer), and cost of cobot. In addition, it presents details of the cobot manufacturers, highlighting year of establishment, company size, and location of headquarters.
  • An in-depth analysis of the contemporary market trends, presented using four schematic representations, including [A] an insightful heat map representation, highlighting the distribution of cobots on the basis of payload capacity and industrial task(s), [B] a tree map representation of the cobots, distributed on the basis of company size and end-users, and [C] a world map representation, highlighting the regional distribution of manufacturers.
  • Elaborate profiles of companies that are engaged in the development of cobots. Each company profile features a brief overview of the company (with information on year of establishment, number of employees, location of headquarters and key members of the executive team), details of their respective product portfolio, recent developments and an informed future outlook.
  • An insightful three-dimensional bubble chart representation, highlighting the competitiveness analysis of cobot manufacturers, taking into consideration the supplier strength (based on expertise of the manufacturer), product portfolio strength, portfolio diversity and number of industrial task(s) that can be performed.
  • A detailed brand positioning analysis of key industry players, highlighting the current perceptions regarding their proprietary products by taking into consideration several relevant aspects, such as the experience of a cobot manufacturer, number of industrial task(s), number of products offered and product diversity.
  • A detailed competitiveness analysis of cobots based on various relevant parameters, such as supplier power (based on expertise of the manufacturer) and product specifications (payload capacity, maximum reach, number of arms, type of mounting, and number of industrial task(s) performed).
  • A discussion on key technological innovations (tools / technologies), such as advanced grippers, artificial intelligence, machine learning, vision technology and voice interface, in the cobots industry.

The key objective of collaborative robot market report is to provide a detailed market analysis in order to estimate the existing market size, market trends, market value, statistics and future opportunity for collaborative robot market during the forecast period. Based on multiple parameters, likely adoption trends, and expected price variations for these products, we have provided an informed estimate of the likely evolution of the market, in the mid to long term, for the forecast period 2020-2030.

The market report also features the likely distribution of the current and forecasted opportunity across [A] payload capacity (below 6 Kg, between 6 and 10 Kg, and above 10 Kg), [B] type of industrial operation(s) performed (small part assembly, case packing, material handling, palletizing / depalletizing, picking and placing, welding, and others), [C] end-users (automotive industry, food processing industry, electrical / electronic industry, plastic and rubber industry, life sciences / pharmaceutical industry, metal industry, and others), and [D] key geographical regions (North America (the US and Canada), Europe (Germany, France, Italy, Spain, the UK and rest of Europe) and Asia-Pacific (China, India, Japan and South Korea), along with the rest of the world). In order to account for future uncertainties and to add robustness to our model, we have provided three collaborative robot market forecast scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the industry’s growth.

The opinions and insights presented in this market report were also influenced by inputs solicited via a survey and discussions held with senior stakeholders in the industry. The market research report features detailed transcripts of discussions held with the following individuals (in alphabetical order):

  • Mineko Ogata (Owner, ROBOMOV)
  • Georgi Arabadzhiev (Co-founder, Giga Automata)
  • David Sands (Chief Executive Officer, ST Robotics)
  • Barry Philips (Chief Marketing Officer, Fetch Robotics)
  • Brian Carlisle (President, Precise Automation)
  • Nilabdhi Samantray (Associate Vice President, Head of Data Science and Artificial Intelligence, Sector Leader (Mines and Minerals), CSM Technologies)
  • John Kehoe (Managing Director, Tekpak Automation)
  • Andreas Czezatke (Global Project Leader, SMC Austria)
  • Nelija Miseikiene (Sales and Marketing Specialist, F&P Robotics)
  • Michael Murray (Sales Specialist, Productive Robotics)
  • Aadya Avinash (Assistant Marketing Manager, Universal Robots)

All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market research report are in USD, unless otherwise specified.

Frequently Asked Questions

Question 1: What is a collaborative robot?

Answer: Cobots or collaborative robot is a type of robot that are designed to operate alongside humans in shared workspaces.

Question 2: How big is the collaborative robot market?

Answer: The collaborative robot market size is estimated to be worth $931 million in 2020.

Question 3: What is the projected market growth of the collaborative robot market?

Answer: The collaborative robot market is expected to grow at compounded annual growth rate (CAGR) of 34% during the forecast period 2020 – 2030.

Question 4: Who are the leading companies in the collaborative robot market?

Answer: Examples of key companies engaged in collaborative robot market (which have also been profiled in this market report; the complete list of companies is available in the full report) include Kinova, Precise Automation, Robotics Systems Integration, ABB, Comau, FANUC, KUKA, Staubli, Universal Robots and Yaskawa Electric.

Question 5: What share of the overall industrial robots market is captured by collaborative robot?

Answer: Revenues generated by sales of collaborative robot is anticipated to represent 34% of the overall industrial robots market, by 2025.

Question 6: How many collaborative robot are currently marketed by companies engaged in the collaborative robot market?

Answer: More than 230 cobots are currently marketed by players engaged in the collaborative robot market.

Question 7: How many companies are currently engaged in the collaborative robot market?

Answer: Close to 80 companies are currently engaged in the collaborative robot market.


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