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Collaborative Robots Market

Collaborative Robots Market

Collaborative Robots Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

130

Base Year:

2021

Date

Mar - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1345

Segments Covered
  • By Component Hardware, Software
  • By Payload Up to 5 Kg, 5-10 Kg, Above 10 Kg
  • By Application Handling, Welding and Soldering, Assembling & Disassembling, Dispensing, Processing, Others (Inspection and Quality testing, and Die-casting and Molding.)
  • By Industry Automotive, Electronics, Metals & Machining, Plastics and Polymers, Food and Beverages, Furniture and Equipment, Healthcare, Others (Scientific Research, Logistics, Education, Consumer goods, and Die cast and Foundry)
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 1,176.90 USD Million
Revenue 2028Revenue 2028: 9979.50 USD Million
Revenue CAGRRevenue CAGR (2022 - 2028): 42.80%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Collaborative Robots Market Share

Collaborative Robots- By components, application, payload, and industry

Market Synopsys

The market size of the global Collaborative Robots market in the year 2021 is valued at 1,176.90 USD Million and is predicted to reach 9979.50 USD Million by the year 2028 at an 42.80% CAGR during the forecast period. The growing adoption of robotics in small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes are the key factors driving the growth of the Collaborative Robots’s market during the forecast period. The evolution of robots working with humans in the sectors such as electronics product assembly and smart parts assembly further fuels the demand for Collaborative Robots in years to come. Moreover, the ability of robots to work efficiently with humans in an enlarged atmosphere has led to increasing the installation of robots in industry. The co-robots are manufactured and designed with advanced software, sensors, and End of Arm Tooling (EOATs) that further help to prevent human injuries. Industrial robots are projecting a heavy demand across different industries owing to their beneficial and attractive ROI earned from the development of industrial robots. Moreover, the robots are expected to experience the fastest growth across several sectors such as electronics, automotive, logistics, packaging and assembling, and machine tooling applications. The adaptation of robots in industrial sector practices has indicated a decreased number of accidents and injuries at the workplace. The introduction of robots in the industrial sector practices has displayed a decreased number of accidents and injuries that occurred at the workplace. Furthermore, the Collaborative Robots have upraised the product quality and increased profits for various types of businesses and drive the growth of theCollaborative Robots market in upcoming years.

Collaborative Robots Market Size, 2021 To 2028 (USD 9979.50 Million)

Market Segmentation:

The Collaborative Robots market is segmented on the basis of component, payload, application, and industry. Based on type of component, the market is segmented as Hardware and Software. By payload type, the market is segmented as up to 5kg, 5-10kg, and above 10 kg. By application type, the market is segmented as handling, welding, soldering, assembling and disassembling, dispensing, processing, and others (inspection and quality testing, and die-casting and molding). Based on industry type, the market is segmented as automotive, electronics, metals and machining, plastic and polymers, food and beverages, furniture and equipment, healthcare, and others (scientific research, logistics, education, foundry, die cast, and consumer goods).

Below tree is interactive. You can click the nodes to get more information.

Material handling application dominates the Collaborative Robots market

In 2021, the material handling sector is estimated to acquire the largest market share of the Collaborative Robots market during the forecast period. The largest share of this segment is primarily assigned to the factors like high speed and accuracy of operations, increasing production efficiency, speed and strength of material handling, low maintenance cost, and compact designs of robots. Furthermore, material handling and logistics is a prime application in various industrial sections such as automotive, metals, electronics, and machinery. Moreover, these industrial sectors contribute a major share of the Collaborative Robots market all over the world. Besides, the assembly line segment is also projected to grow at a fast-growing CAGR during the forecast period.

The software segment is projected to grow at a considerable CAGR during the forecast period

The software segment is projected to grow at a fast-growing CAGR in the upcoming years. Moreover, the rapid growth in the software segment is due to the factors like growth in the demand for computer vision to improve Collaborative Robots’ efficiency, increasing adoption of AI and industry 4.0, and increasing requirement of processing the data of sensors that are generated from Collaborative Robots in the real-time to handle any complicated task efficiently without any disturbance.

Asia-Pacific region is the largest and fastest-growing region during the forecast period

In 2021, the Asia-Pacific region is projected to hold the largest market share of the Collaborative Robots market during the forecast period. The growing presence of the major robot manufacturers in the Asia-Pacific region with innovation, government initiatives, and investments in robotics is projected to enhance the growth of the Collaborative Robots market in the Asia-Pacific region. The adoption of robotics and automation in various regions such as China, Japan, and South Korea is responsible for the growth of the Collaborative Robots’s market in the Asia-Pacific region. Moreover, the electronica and automotive industry are the important drivers in the Asia-Pacific region as they are major demand generators for the Collaborative Robots market. Furthermore, growth in industrialization and increasing wages are the other factors that are driving the growth of the Asia-Pacific region during the forecast period.

Key Players:

The presence of regional key players and their advanced strategies in the field of welding and soldering, handling, assembling and disassembling, dispensing, and processing is responsible for the overall growth of the Collaborative Robots’s market during the forecast period. Prime key players of the Collaborative Robots’s market are Universal Robots (Denmark), FANUC (Japan), ABB (Switzerland), Techman Robot (Taiwan), KUKA (Germany), Doosan Robotics (South Korea), Denso (Japan), YASKAWA (Japan), Precise Automation (US), Rethink Robotics (US), MABI Robotic (Switzerland), FrankaEmika (Germany), Comau (Italy), F&P Robotics (Switzerland), Stäubli (Switzerland), Bosch Rexroth (Germany), Productive Robotics (US), Wyzo (Switzerland), Neura Robotics (Germany), Elephant Robotics (China), Kassow Robots (Denmark), SIASUN (China), ELITE ROBOT (China), MIP Robotics (France) , and Hanwha Corporation (South Korea)

Collaborative Robots Market is segmented as follows:

Parameter Details
Segments Covered
  • Component (Hardware, Software)
  • Payload (Up to 5 Kg, 5-10 Kg, Above 10 Kg)
  • Application (Handling, Welding and Soldering, Assembling & Disassembling, Dispensing, Processing, Others (Inspection and Quality testing, and Die-casting and Molding.))
  • Industry (Automotive, Electronics, Metals & Machining, Plastics and Polymers, Food and Beverages, Furniture and Equipment, Healthcare, Others (Scientific Research, Logistics, Education, Consumer goods, and Die cast and Foundry))
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Universal Robots (Denmark)
  • FANUC (Japan)
  • ABB (Switzerland)
  • Techman Robot (Taiwan)
  • KUKA (Germany)
  • Doosan Robotics (South Korea)
  • Denso (Japan)
  • YASKAWA (Japan)
  • Precise Automation (US)
  • Rethink Robotics (US)
  • MABI Robotic (Switzerland)
  • FrankaEmika (Germany)
  • Comau (Italy)
  • F&P Robotics (Switzerland)
  • Stäubli (Switzerland)
  • Bosch Rexroth (Germany)
  • Productive Robotics (US)
  • Wyzo (Switzerland)
  • Neura Robotics (Germany)
  • Elephant Robotics (China)
  • ELITE ROBOT (China)
  • Kassow Robots (Denmark)
  • SIASUN (China)
  • MIP Robotics (France) and Hanwha Corporation (South Korea).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Collaborative Robots Market is tabulated as follows:

Collaborative Robots Market Market to Reach 9979.50 USD Million by 2028
The Global Collaborative Robots Market Market is expected to reach 9979.50 USD Million by 2028, growing at a CAGR of 42.80% from 2022 to 2028. The increasing demand in the e-commerce and logistics industries coupled with increased ease of programming of collaborative robots is anticipated to augment...
FAQ
Frequently Asked Question
  • The global Collaborative Robots valued at 1,176.90 USD Million in 2020 and is expected to reach 9979.50 USD Million in 2028 growing at a CAGR of 42.80%.

  • The prominent players in the market are Universal Robots (Denmark), FANUC (Japan), ABB (Switzerland), Techman Robot (Taiwan), KUKA (Germany), Doosan Robotics (South Korea), Denso (Japan), YASKAWA (Japan), Precise Automation (US), Rethink Robotics (US), MABI Robotic (Switzerland), FrankaEmika (Germany), Comau (Italy), F&P Robotics (Switzerland), Stäubli (Switzerland), Bosch Rexroth (Germany), Productive Robotics (US), Wyzo (Switzerland), Neura Robotics (Germany), Elephant Robotics (China), ELITE ROBOT (China), Kassow Robots (Denmark), SIASUN (China), MIP Robotics (France) and Hanwha Corporation (South Korea)..

  • The market is project to grow at a CAGR of 42.80% between 2021 and 2028.

  • The driving factors of the Collaborative Robots include

    • Adoption of robotics in small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes

  • Asia Pacific was the leading regional segment of the Collaborative Robots in 2020.