Global Collaborative Robot Cobot Market Overview
Introduction:
A collaborative robot, (cobot) is a robot that is capable to learn multiple tasks to assist human beings. Cobots are designed to collaborate with humans in some way either as an assistant in a task or process, or as a guide this helps to make automation easier than ever before for businesses of all sizes. The autonomous robots, work largely alone and without administration, the collaborative robots are programmed and designed to work with human instruction, or to human behaviors and actions. Currently collaborative robots are used in a number of vertical industries, that’s include manufacturing, supply chain management and healthcare.Collaborative Robot (Cobot) Market accounted for US$ 979.6 million in 2020 and is estimated to be US$ 23118.09 million by 2030 and is anticipated to register a CAGR of 42.5%.
Global Collaborative Robot Cobot Market Dynamics
Collaborative robots are going through rapid market growth in this sector of the robotics industry. This is mainly attributed due to decreasing price of collaborative robots, which makes them a feasible solution for inclusive range of applications, inside and outside of the industrial unit, for all size of companies. Also the increasing suppleness opens up a wide range of new tasks and applications that collaborative robots can effectively automate such factor support the growth of the target market. Additionally, development in edge computing makes collaborative robots more supple and easier than ever to implement, such as no programming is required to install them, this reduce the integration costs such factor drives the target market growth. Owing to the high accuracy of robotics the number of industries moving to automation in emerging nations therefore the robotic application has open several new opportunities in the target market. Moreover, growing need for better productivity, speed, and efficiency, nonstop decrease in size of the existing workforce, factor drives the global market growth. Furthermore, the upsurge in awareness regarding collaborative robots is boosting their demand, especially in the developing economies. However the safety concerns for labor working around robots in shared workplaces is restraining the target market growth. The collaborative robot is an emerging technology which has not addressed every aspect of industrial automation. Many countries are still using the old-style rigid way of manufacturing, increasing awareness about the benefits of collaborative robots which provides huge opportunity to the target market growth.
Global Collaborative Robot Cobot Market Segmentation
The global collaborative robot (cobot) market is segmented based payload capacity, component, by application, by industry and region.
On the basis of payload capacity, the global collaborative robot market is segmented into up to 5 kg, between 5 and 10 kg, and above 10 kg. By component, the global collaborative robot market is segmented into hardware, robotic arm, end effector or end of arm tool (EOAT), drive and others. By application, the global collaborative robot market is segmented into handling, pick and place, material handling, packaging and palletizing, machine tending and other. By industry, the global collaborative robot market is segmented into automotive, electronics, metals and machining, plastics and polymers, food & beverages, furniture and equipment, healthcare and others. The automotive industry is expected to dominate the industry segment of target market, owing to their fast acceptance as assist workers in the production & assembly line to improve productivity & operational efficiency.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Based on region, the global collaborative robot market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the collaborative robot market in terms of share the, owing to strong government support to used and promote the factory automation solutions, this result the supporting the adoption such robot in region. In Addition the major player are focusing on the research and development and promotion of collaborative automation in Europe. For instance, Universal Robots and Mobile Industrial Robots have released a 1,500 m2 center that will promote collaborative automation in Southern Europe. Asia pacific is accounted for strong growth in future due to growing manufacturing units in emerging countries, additionally growing awareness and applicability of advanced automation solutions and robotics are factors fueling the growth of target market in the region.
Global Collaborative Robot (Cobot) Market, By Payload Capacity:
- Up To 5 Kg
- Between 5 And 10 Kg
- Above 10 Kg
Global Collaborative Robot (Cobot) Market, By Component:
- Hardware
- Robotic Arm
- End Effector or End of Arm Tool (EOAT)
- Drive
- Others
Global Collaborative Robot (Cobot) Market, By Application:
- Handling
- Pick and Place
- Material Handling
- Packaging and Palletizing
- Machine Tending
Global Collaborative Robot (Cobot) Market, By Industry
- Automotive
- Electronics
- Metals And Machining
- Plastics And Polymers
- Food & Beverages
- Furniture And Equipment
- Healthcare
- Others
Global Collaborative robot (cobot) Market, By Region:
-
-
- North America
- North America Collaborative Robot (Cobot) Market, By Payload Capacity
- North America Collaborative Robot (Cobot) Market, By Component
- North America Collaborative Robot (Cobot) Market, By Application
- North America Collaborative Robot (Cobot) Market, By Industry
- North America Collaborative Robot (Cobot) Market, By Country
- U.S.
- Canada
- Europe
- Europe Collaborative Robot (Cobot) Market, By Payload Capacity
- Europe Collaborative Robot (Cobot) Market, By Component
- Europe Collaborative Robot (Cobot) Market, By Application
- Europe Collaborative Robot (Cobot) Market, By Industry
- Europe Collaborative Robot (Cobot) Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Collaborative Robot (Cobot) Market, By Payload Capacity
- Asia Pacific Collaborative Robot (Cobot) Market, By Component
- Asia Pacific Collaborative Robot (Cobot) Market, By Application
- Asia Pacific Collaborative Robot (Cobot) Market, By Industry
- Asia Pacific Collaborative Robot (Cobot) Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Collaborative Robot (Cobot) Market, By Payload Capacity
- Latin America Collaborative Robot (Cobot) Market, By Component
- Latin America Collaborative Robot (Cobot) Market, By Application
- Latin America Collaborative Robot (Cobot) Market, By Industry
- Latin America Collaborative Robot (Cobot) Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Collaborative Robot (Cobot) Market, By Payload Capacity
- Middle East & Africa Collaborative Robot (Cobot) Market, By Component
- Middle East & Africa Collaborative Robot (Cobot) Market, By Application
- Middle East & Africa Collaborative Robot (Cobot) Market, By Industry
- Middle East & Africa Collaborative Robot (Cobot) Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Global Collaborative Robot Cobot Market Key Players
The key players operating the global collaborative robot (cobot) market involves Universal Robots A/S, Rethink Robotics, ABB, KUKA AG, FANUC Corporation, YASKAWA Electric Corporation, MRK-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, and Franka Emika GmbH. The key players in the market are focusing on the investment in robotics innovation and research and development, with partnership strategy and product launching. For instance, SERO GROUP, a global leader in robots and industrial automation for the plastic industry, and UNIVERSAL ROBOTS signed an agreement to work together within collaborative robotics and industrial automation.
Global Collaborative Robot Cobot Market Company Profile
- Universal Robots A/S *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Rethink Robotics
- ABB
- KUKA AG
- FANUC Corporation
- YASKAWA Electric Corporation
- MRK-Systeme GmbH
- Precise Automation, Inc.
- F&P Robotics AG
- Franka Emika GmbH
“*” marked represents similar segmentation in other categories in the respective section
Global Collaborative Robot Cobot Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Collaborative Robot (Cobot) Strategies
- Key Questions this Study will Answer
- Market Snippet, By Payload Capacity
- Market Snippet, By Component
- Market Snippet, By Application
- Market Snippet, By Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Collaborative Robot (Cobot) Market, By Payload Capacity, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Up To 5 Kg
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Between 5 And 10 Kg
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Above 10 Kg
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Collaborative Robot (Cobot) Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Handling
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Pick and Place
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Material Handling
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Packaging and Palletizing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Machine Tending
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Collaborative Robot (Cobot) Market, By Component, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Industrial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Commercial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Consumer
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Collaborative Robot (Cobot) Market, By Industry, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Metals And Machining
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Plastics And Polymers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Furniture And Equipment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Collaborative Robot (Cobot) Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Payload Capacity, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Payload Capacity, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Payload Capacity, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Payload Capacity, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Payload Capacity, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Amazon Robotics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Universal Robots A/S
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Rethink Robotics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ABB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- KUKA AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- FANUC Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- YASKAWA Electric Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Amazon Robotics
-
- MRK-Systeme GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Precise Automation, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- F&P Robotics AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Franka Emika GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Collaborative Robot (Cobot) Market report segments the market basis of component, product, deployment type, and region.
Increased AML regulatory requirements, an increase in money laundering instances, and an increase in IT investment are the primary reasons driving the growth of the anti-money laundering software industry.
Asia Pacific is growing at the highest CAGR over 2021- 2026.
What are the leading players in the Global Collaborative Robot (Cobot) Market? The leading players operating in the Global Collaborative Robot (Cobot) Market include ACI Worldwide, Inc., Ascent Technology Consulting, Eastnets Holding Ltd., NICE Actimize, Regulatory DataCorp, Inc., Safe Banking Systems LLC, SAS Institute Inc., Thomson Reuters Corporation, Truth Technologies, Inc. and Verafin Inc.