Collaborative Robot (Cobot) Market, By Payload Capacity (Up To 5 Kg, Between 5 And 10 Kg, and Above 10 Kg), By Component (Hardware, Robotic Arm, End Effector or End of Arm Tool (EOAT), Drive and Others), By Application (Handling, Pick and Place, Material Handling, Packaging and Palletizing, Machine Tending and Others), By Industry (Automotive, Electronics, Metals and Machining, Plastics and Polymers, Food & Beverages, Furniture and Equipment, Healthcare, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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%.

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.

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:

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.

Collaborative Robot (Cobot) Market, By Payload Capacity:

• Up To 5 Kg
• Between 5 And 10 Kg
• Above 10 Kg

Collaborative Robot (Cobot) Market, By Component:

• Hardware
• Robotic Arm
• End Effector or End of Arm Tool (EOAT)
• Drive
• Others

Collaborative Robot (Cobot) Market, By Application:

• Handling
• Pick and Place
• Material Handling
• Packaging and Palletizing
• Machine Tending

Collaborative Robot (Cobot) Market, By Industry

• Automotive
• Electronics
• Metals And Machining
• Plastics And Polymers
• Food & Beverages
• Furniture And Equipment
• Healthcare
• Others

Collaborative robot (cobot) Market, By Region:

• North 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
  • 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
  • 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
  • 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
  • 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

The key players operating the 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. 

• 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