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Global Collaborative Robot Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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Global Collaborative Robot Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Collaborative Robot Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 28,800.00 USD Million
Diagram Market Size (Forecast Year) USD 525,200.00 USD Million
Diagram CAGR %

Major Markets Players

  • ABB
  • AUBO Robotics
  • Fanuc
  • F&P Robotics
  • Universal Robots

Global Collaborative Robot, By Solution (Safety Light Curtain, Safety Laser Scanner, Camera Based 3D Space Monitoring System, Safe Gripping), Component (Hardware, Software), Safety Method (Speed and Separation Monitoring, Power and Force Limiting, Safety-Rated Monitored Stop, Hand Guiding), Payload Capacity ( Up to 5kg, 5Kg to 10Kg, Above 10Kg), Application (Material Handling, Quality Inspection, Pick and Place/ Drop, Packaging and Pelletizing, Machine Tending, Molding Operations, Gluing and Welding, Test and Inspection, Assembly, Polishing, Lab Analysis, Entertainment, and Others), End-User (Electrical and Electronics, Furniture and Equipment, Automotive, Aerospace and Defence, Pharmaceuticals, Plastics and Polymers, Metals and Machining, Food and Beverages, Cosmetics, Others) – Industry Trends and Forecast to 2030.

Collaborative Robot Market

Collaborative Robot Market Analysis and Size

Robotics is an interdisciplinary research area at the intersection of engineering and computer science that involves the operation, design, and construction of robots and their use. Robotics is the design of intelligent machines that assist and help people in their daily lives.

Data Bridge Market Research analyses that the global collaborative robot market which was USD 28,800.00 million in 2022, is expected to reach USD 5, 25,200.00 million by 2030, and is expected to undergo a CAGR of 43.48% during the forecast period. “Safety Light Curtain,” dominates the type segment of the global collaborative robot market due to their sports and fitness segment is expected to dominate the market as due to continuous increasing adoption of wearable electronic devices for sports and fitness in the order to enhanced sports, fitness, and well-being by monitoring physiological conditions of wearers. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Collaborative Robot Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Solution (Safety light Curtain, Safety Laser Scanner, Camera Based 3D Space Monitoring System, Safe Gripping), Component (Hardware, Software), Safety Method (Speed and Separation Monitoring, Power and Force Limiting, Safety-Rated Monitored Stop, Hand Guiding), Payload Capacity ( Up to 5kg, 5Kg to 10Kg, Above 10Kg), Application (Material Handling, Quality Inspection, Pick and Place/ Drop, Packaging and Pelletizing, Machine Tending, Molding Operations, Gluing and Welding, Test and Inspection, Assembly, Polishing, Lab Analysis, Entertainment, and Others), End-User (Electrical and Electronics, Furniture and Equipment, Automotive, Aerospace and Defence, Pharmaceuticals, Plastics and Polymers, Metals and Machining, Food and Beverages, Cosmetics, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

ABB (Switzerland), AUBO Robotics (U.S.), Fanuc (Japan), F&P Robotics (Switzerland), Universal Robots (Denmark), Kawasaki Heavy Industries, Ltd. (U.S), Robert Bosch GmbH (Germany), Precise Automation & Control Pvt Ltd. (U.S.), Rethink Robotics GmbH (Germany), Stäubli International AG. (Switzerland), MABI AG (Switzerland), YASKAWA ELECTRIC CORPORATION. (Japan), KUKA AG (Germany), TECHMAN ROBOT INC. (Taiwan), and Doosan Robotics Inc. (South Korea)

Market Opportunities

  • Several retailers and e-commerce behemoths have begun to invest in robotic technologies
  • The growing popularity of the internet of things (IoT)
  • The increasing demand for co robots robotics in the logistics sector

Market Definition

Robotics is an interdisciplinary research area at the intersection of engineering and computer science that involves the operation, design, and construction of robots and their use. Robotics is the design of intelligent machines that assist and help people in their daily lives. Collaborative robots are built to collaborate with humans and include safety features such as integrated sensors, passive compliance, and overcurrent detection. If the external force is too great, the integrated sensors will cause the robot to stop moving.

Global Collaborative Robot Dynamics

Drivers

  • Growing trend of Automation among all Industry Verticals

Automation has become an essential strategy for many large-scale industries to increase production efficiency and reduce costs. As more businesses move toward automation, the use of collaborative robots in manufacturing technology is growing. Industries such as automotive, electronics and semiconductor, metal, and machinery are deploying collaborative robots for assembly line processes, pick and place, injection molding, and quality check applications. Due to the introduction of touch screens, larger screens, higher resolution, remote monitoring capabilities using advanced processors, and IIOT, operators can monitor robots from any location through HMI, ultimately increasing the adoption of co-robots robotics.

  • Technological Advancement in Human-Machine Interface

Technological advancements and incorporating artificial intelligence (AI) and machine learning (ML) technologies in industrial robots have accelerated growth. Furthermore, the introduction of 5G technology is expected to accelerate the adoption of co-robots robotics in manufacturing. The 5G wireless solution's low-latency connectivity will assist OEMs in improving robotic automation and increasing manufacturing processes' productivity, quality, and efficiency. The use of robots in industrial processes has also reduced the number of workplace accidents. Furthermore, they significantly improve product quality, increasing demand across various companies and enterprises.

Opportunity

  • Rise in Growing Investment in Robot Technologies

Several retailers and e-commerce behemoths have begun investing in robotic technologies, which are important in managing their logistics and supply chain activities. These businesses are actively implementing robotics to assist their warehouse workers. The increasing demand for co-robots robotics in the logistics sector will provide lucrative growth opportunities for the industry over the forecasted period of 2023 to 2030.

Restraint/Challenge

  • High Installation Costs of Robot

The installation of robots involves the integration of sensors and electronic systems. These systems needs a user interface. Moreover, all these components require high-level equipment which costs high. As most of the professionals are willing to choose robotics for the business process, the high costs association could be a major restraining factor for the global market.

This global collaborative robot market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global collaborative robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2022 DOBOT, a world-leading manufacturer of intelligent robots, has announced the release of the CR3L Collaborative Robot at the Automate Show 2022. The DOBOT CR3L is an ultra-long cobot with a reach of 1700 mm, representing an 11.5% increase over the previous DOBOT CR Series version. The robotic body of the CR3L allows it to operate in small spaces, making it ideal for applications requiring extended reach for robots, such as loading and unloading, sorting, and wide-range inspection of small parts in the consumer electronics and semiconductor industries

Global Collaborative Robot Market Scope

The global collaborative robot market is segmented on the basis of solution, component, safety mode, payload capacity, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solution

  • Safety Light Curtain
  • Safety Laser Scanner
  • Camera-Based 3d Space Monitoring System
  • Safe Gripping

Component

  • Hardware
  • Software

Safety Method

  • Speed and Separation Monitoring
  • Power and Force Limiting
  • Safety-Rated Monitored Stop
  • Hand Guiding

Payload Capacity

  • Up to 5kg
  • 5Kg to 10Kg
  • Above 10Kg

Application

  • Material Handling
  • Quality Inspection
  • Pick and Place/ Drop
  • Packaging and Pelletizing
  • Machine Tending
  • Molding Operations
  • Gluing and Welding
  • Test and Inspection
  • Assembly
  • Polishing
  • Lab Analysis
  • Entertainment
  • Others

End-User

  • Electrical and Electronics
  • Furniture and Equipment
  • Automotive
  • Aerospace and Defense
  • Pharmaceuticals
  • Plastics and Polymers
  • Metals and Machining
  • Food and Beverages
  • Cosmetics
  • Others

Global Collaborative Robot Market Regional Analysis/Insights

The global collaborative robot market is analysed and market size insights and trends are provided by solution, component, safety mode, payload capacity, application and end-user as referenced above.

The countries covered in the global collaborative robot market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the global collaborative robot market due to the lifestyle changes in the region, increase in the aging population and need to reduce the healthcare expenditure.

Asia-Pacific is expected to grow in global collaborative robot market due to the highest growth rate in the forecast period of 2023 to 2030, as the sudden hike of technological advancement and innovation with modernisation can be seen in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Collaborative Robot Market Share Analysis

The global collaborative robot market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the global collaborative robot market are:

  • ABB (Switzerland)
  • AUBO Robotics (U.S.)
  • Fanuc (Japan)
  • F&P Robotics (Switzerland)
  • Universal Robots (Denmark)
  • Kawasaki Heavy Industries, Ltd. (U.S)
  • Robert Bosch GmbH (Germany)
  • Precise Automation & Control Pvt Ltd. (U.S.)
  • Rethink Robotics GmbH (Germany)
  • Stäubli International AG. (Switzerland)
  • MABI AG (Switzerland)
  • YASKAWA ELECTRIC CORPORATION. (Japan)
  • KUKA AG (Germany)
  • TECHMAN ROBOT INC. (Taiwan)
  • Doosan Robotics Inc. (South Korea)


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FREQUENTLY ASK QUESTIONS

The collaborative robot market size will be worth USD 5, 25,200.00 million by 2030.
The growth rate of the collaborative robot market is 43.43% in the forecast period by 2030.
Growing trend of automation among all industry verticals & technological advancement in human-machine interface are the growth drivers of the collaborative robot market.
Solution, component, safety mode, payload capacity, application and end-user are the factors on which the collaborative robot market research is based.
Major companies in the collaborative robot market are ABB (Switzerland), AUBO Robotics (U.S.), Fanuc (Japan), F&P Robotics (Switzerland), Universal Robots (Denmark), Kawasaki Heavy Industries, Ltd. (U.S), Robert Bosch GmbH (Germany), Precise Automation & Control Pvt Ltd. (U.S.), Rethink Robotics GmbH (Germany), Stäubli International AG. (Switzerland), MABI AG (Switzerland), YASKAWA ELECTRIC CORPORATION. (Japan), KUKA AG (Germany), TECHMAN ROBOT INC. (Taiwan), and Doosan Robotics Inc. (South Korea)
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