Collaborative Robot (Cobot) - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Collaborative Robot (Cobot) Market is accounted for $763.87 million in 2019 and is expected to reach $11,144.86 million by 2027 growing at a CAGR of 39.8% during the forecast period. Affordability and increased ease of programming of collaborative robots are driving the growth of the market. However, repair payload and speed limitations of collaborative robots owing to their inherent design are hampering the growth of the market.
Cobots, or collaborative robots, are the robots intended for direct human-robot interaction within a shared space, or where humans and robots are in close proximity. Cobot applications contrast with traditional industrial robot applications in which robots are isolated from human contact. Cobot safety may rely on lightweight construction materials, rounded edges, an inherent limitation of speed and force, or on sensors and software that ensures safe behaviour.
Based on the end-user, the automotive and transportation segment is anticipated to hold considerable market share during the forecast period due to the key factors such as reducing the cost of production downtime and reduction in the floor space. Growing shift toward automation to save time and cost is a key factor spurring the adoption of robotic materials handling equipment in the automotive industry. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to the growing focus on quality and precision of cobots in the region. This has necessitated the implementation of maximum standards, by increasing the deployment of cobots in the region.
Some of the key players profiled in the Collaborative Robot (Cobot) Market include ABB Group, AUBO Robotics Inc, DENSO Robotics, Energid Technologies Corporation, EPSON Robots, F&P Robotics AG, Fanuc Corporation, KUKA AG, MRK-Systeme GmbH, Precise Automation, Inc, Rethink Robotics, Inc, Robert Bosch GmbH, Universal Robots A/S, and Yaskawa Electric Corporation.
• Up to 5 kg
• 5–10 kg
• More than 10 kg
• Assembling and Disassembling
• Welding and Soldering
• Other Applications
End Users Covered:
• Automotive & Transportation
• Electrical, Electronic, and Semiconductor
• Metals and Machining
• Rubber, Plastics and Polymers
• Food & Beverages
• Furniture and Equipment
• Pharma and Chemistry
• Aerospace and Defense
• Other End Users
Arm Types Covered:
• Hand Guiding
• Speed & Separation
• Safety Monitored Stop
• Power & Force Limiting
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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