Details:Collaborative robot market will grow at a CAGR of 43.15% in the forecast period of 2021 to 2028. Rising collaborative robots to benefit businesses of all sizes is an essential factor driving the collaborative robot market.
Collaborative robot is a type of robot which is capable of performing multiple tasks, as assisted by humans. They have additional features, such as safety monitored stop, hand guiding, speed and separation monitoring, and power & force limiting. There are numerous types of collaborative robots that are used in industries like safety monitored stop is used to stop the functioning of robot when the safety zone violates; hand guiding is used for path teaching and detection of applied forces; speed and separation monitoring is used for operations requiring frequent worker presence, and power & force limiting is used for the direct collaboration with workers. They are being used in multiple verticals, which include supply chain management, manufacturing, and healthcare.
Rising affordability and increased ease of programming of collaborative robots is a crucial factor accelerating the market growth, also rising investments for automation in the manufacturing processes, rising higher return on investment (RoI) and lower price of collaborative robots are the and rising demand in the logistics and major factors among others boosting the collaborative robot market. Moreover, rising software packages provide an important value addition to the collaborative robot ecosystem, rising collaborative robots paired with AMRs and AGVs and rising robots-as-a-service model will further create new opportunities for the collaborative robot market in the forecast period mentioned above.
However, rising collaborative robots have a different business model than that of traditional industrial robots which acts as the major factors among others which will curtail the market growth, and will further challenge the collaborative robot market in the forecast period mentioned above.
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Competitive Landscape and Collaborative Robot Market Share Analysis
Collaborative robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the collaborative robot market.
The major players covered in collaborative robot market report are ABB, Universal Robots, Nachi Robotic Systems, Inc, Rethink Robotics, KUKA AG, FANUC Corporation, Robert Bosch GmbH, Kawasaki Heavy Industries, Ltd, Precise Automation, Inc., MRK-Systeme Gmbh, Energid Technologies Corporation, F&P Robotics AG, Productive Robotics, Inc., MABI ROBOTIC AG, Quanta Storage Inc., Franka Emika GmbH, AUBO Robotics, Techman Robots, Stäubli International AG, YASKAWA ELECTRIC CORPORATION, Comau S.p.A., Teradyne Inc., Automatica Kassow Robots, Vecna, Robotiq Inc. and OMRON Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Collaborative Robot Market Scope and Market Size
Collaborative robot market is segmented on the basis of solution, component, safety method, payload capacity, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of solution, the collaborative robot market is segmented into safety light curtain, safety laser scanner, camera-based 3D space monitoring system and safe gripping.
Based on component, the collaborative robot market is segmented into hardware and software.
Based on safety methods, the collaborative robot market is segmented into speed and separation monitoring, power and force limiting, safety-rated monitored stop and hand guiding.
Based on payload capacity, the collaborative robot market is segmented into Up to 5kg, 5Kg to 10Kg and above 10Kg.
Based on application, the collaborative robot market is segmented into 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.
The collaborative robot market is also segmented on the basis of end-user into electrical and electronics, furniture and equipment, automotive, aerospace and defence, pharmaceuticals, plastics and polymers, metals and machining, food and beverages, cosmetics, and others.
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Collaborative Robot Market Scope Country Level Analysis
Collaborative robot market is analysed and market size, volume information is provided by country, solution, component, safety method, payload capacity, application and end-user as referenced above.
The countries covered in the collaborative robot market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
Europe dominates the collaborative robot market due to the enormous application of robots in different verticals such as electronics, logistics, and inspection in this region. Asia-Pacific is the expected region in terms of growth in collaborative robot market due to increased efficiency, reduced wastage, and standardization of products in this region.
The country section of the collaborative robot market 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.
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