The Collaborative Robot Market is Expected to Reach USD 13 Billion with a CAGR of 32% by 2030

Collaborative robots, commonly known as cobots, refer to a specialized segment within the industrial robotics market that focuses on the development and deployment of robots designed to work alongside humans collaboratively and interactively.

The Collaborative Robot Market is expected to reach USD 13 billion with a CAGR of 32% by 2030, according to industry analysts at Next Move Strategy Consulting.

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Key Highlights:

Rising Demand for Flexible Automation: Cobots are valued for their adaptability, which allows businesses to quickly adjust production lines and reduce downtime.

Growing Use in SMEs: Small and medium-sized enterprises (SMEs) increasingly adopt cobots due to their relatively low cost, ease of deployment, and ability to boost productivity without extensive infrastructure changes.

Enhanced Safety Features: Cobots are equipped with advanced sensors and safety systems, allowing them to work safely with humans in environments where traditional robots may be too risky.

Key Applications Across Industries: Cobots are used for tasks like assembly, pick-and-place, machine tending, packaging, and quality control, with particular demand in manufacturing and warehousing.

Focus on Human-Cobot Interaction: Research and development efforts are focused on improving cobot programming and learning capabilities to optimize human-cobot collaboration for efficiency and user experience.

Increasing Role in E-commerce and Warehousing: The e-commerce boom has driven demand for cobots in logistics and warehouse automation to handle sorting, packing, and repetitive tasks, aiding fulfillment efficiency.

Advancements in AI and Machine Learning: AI-driven improvements are enabling cobots to perform more complex tasks and adapt better to dynamic environments, increasing their utility in diverse applications.

Market Players:

Several market players operating in the collaborative robot industry include Locus Robotics, Fanuc, Kuka AG, Yaskawa Electric Corporation, Denso Corporation, Universal Robots, Doosan Robotics Inc., Rethink Robotics GmbH, Techman Robot Inc., and Precise Automation among others. These market players are adopting strategies, such as product launches, across various regions, to maintain their dominance in the market.

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Market Key Segments:

By Component

• Robotic Arm
• End Effector or End of ARM Tool (EOAT)
• Drivers
• Controllers
• Sensors
• Power Supply

By Payload Capacity

• Up to 5 Kg
• Between 5 Kg and 10 Kg
• More than 10 Kg

By Application

• Handling
• Assembling & Disassembling
• Welding & Soldering
• Dispensing
• Processing

By Industry Verticals

• Automotive
• Electronics
• Metals & Machining
• Plastics & Polymers
• Food & Beverages

𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻

North America

• U.S.
• Canada
• Mexico

Europe

• Italy

• Spain
• Netherlands
• Germany
• UK

Asia-Pacific

• China 
• India
• Australia
• South Korea
• Japan

Conclusion:

The collaborative robot market is set to expand as businesses increasingly seek safe, flexible, and efficient automation solutions that complement human labor. With advancements in AI, machine learning, and enhanced safety, cobots are well-positioned to play a crucial role in future workplace automation across a range of industries and applications.

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