Collaborative Robot Market: Industry Trends and Global Forecasts, till 2035

Collaborative robots, often referred to as cobots, are designed to work alongside humans in shared workspaces. These robots are equipped with advanced sensors, such as vision and force sensors, enabling them to quickly respond to their environment. Cobots are programmed to perform specialized or repetitive tasks in various industries, including object handling, assembling, palletizing products, machine tending, inspection, and pick-and-place operations.

The integration of artificial intelligence, machine learning, and 5G technologies has positively influenced industries to maintain productivity while ensuring quality and efficiency. Collaborative robots are designed with built-in safety mechanisms, such as speed reduction, torque limiting, force control, and collision detection, which significantly reduce the risk of accidents in the workplace. Moreover, cobots provide flexibility in the workspace and can easily integrate with existing operational lines without extensive modifications.

Various industrial sectors, including healthcare, pharmaceuticals, automobiles, and food, are shifting towards automation in manufacturing operations to minimize labor expenditure, optimize existing processes, and reduce errors in supply chain management. Cobots have successfully reshaped automation technology by allowing small and mid-sized companies to automate their cost-intensive manufacturing operations. The ability to collaborate with humans in the workspace has further fueled innovations in designing products, driving industries towards smarter production solutions.

The significance offered by collaborative robots has captured the attention of various industrial leaders, who are innovating advanced cobots to handle sensitive manufacturing operations. According to a study conducted by the Robotics Industries Association (RIA), it is estimated that the overall revenues generated by selling cobots will represent over 25% of the overall robot market by 2035. Driven by the benefits, widespread adoption, and increased participation of industrial players for innovation, the global collaborative robot market is anticipated to grow at a steady rate during the forecast period.

Key Market Segments

Payload Capacity

• Below 6 kg
• Between 6 kg and 10 kg
• Above 10 kg

Type of Industrial Operation

• Small Part Assembly
• Case Packing
• Material Handling
• Palletizing / Depalletizing
• Picking And Placing
• Welding
• Others

Type of End User

• Automotive Industry
• Food Processing Industry
• Electrical / Electronic Industry
• Plastic And Rubber Industry
• Life Sciences / Pharmaceutical Industry
• Metal Industry
• Others

Key Geographical Regions

• North America (US and Canada)
• Europe (Germany, France, Italy, Spain, UK and Rest of Europe)
• Asia-Pacific (China, India, Japan, and South Korea)
• Rest of the World

Research Coverage:

• An overview of the current market landscape of cobots, providing information on the market availability (available and under development), industrial tasks performed (air blowing / spraying, CNC machine tending, gluing / dispensing / welding, loading / unloading, material handling, material removal / processing, packaging, palletizing, picking and placing, quality inspection, screw driving and small-part assembly), the weight of cobots, payload capacity, degrees of freedom, maximum reach, position repeatability, number of arms, type of mounting, the temperature of operational environment, end-user industry (aerospace, agriculture, automotive, food processing, electrical / electronic, life sciences / pharmaceutical, logistics, manufacturing, metal, and plastic and polymer), and cost of cobot. In addition, it presents details of the cobot manufacturers, highlighting the year of establishment, company size, and location of headquarters.
• An in-depth analysis of the contemporary market trends, presented using four schematic representations, including an insightful heat map representation, highlighting the distribution of cobots on the basis of payload capacity and industrial tasks, a tree map representation of the cobots, distributed on the basis of company size and end-users, and a world map representation, highlighting the regional distribution of manufacturers.
• Elaborate profiles of companies that are engaged in the development of cobots. Each company profile features a brief overview of the company (with information on year of establishment, number of employees, location of headquarters and key members of the executive team), details of their respective product portfolio, recent developments and an informed future outlook.
• An insightful three-dimensional bubble chart representation highlighting the competitiveness analysis of cobot manufacturers, taking into consideration the supplier strength (based on the expertise of the manufacturer), product portfolio strength, portfolio diversity, and number of industrial tasks that can be performed.
• A detailed brand positioning analysis of key industry players, highlighting the current perceptions regarding their proprietary products by taking into consideration several relevant aspects, such as the experience of a cobot manufacturer, number of industrial tasks, number of products offered and product diversity.
• A detailed competitiveness analysis of cobots based on various relevant parameters, such as supplier power (based on the expertise of the manufacturer) and product specifications (payload capacity, maximum reach, number of arms, type of mounting, and number of industrial tasks performed).
• A discussion on key technological innovations (tools / technologies), such as advanced grippers, artificial intelligence, machine learning, vision technology, and voice interface, in the cobots industry.
• A detailed estimate of the current market size and future market growth potential of the collaborative robot market. Based on multiple parameters, likely adoption trends and through primary validations, we have provided an informed estimate on the market size till 2035.
• In-depth projections of the current and future opportunity within the collaborative robot market across different payload capacities, such as below 6 Kg, between 6 and 10 Kg, and above 10 Kg.
• Detailed forecasts regarding the current and future opportunity within the collaborative robot market across different types of industrial operations, such as case packing, material handling, palletizing / depalletizing, picking and placing, welding and others.
• Comprehensive estimates of the current and future opportunity within the collaborative robot market across different types of end user, such as automotive industry, food processing industry, electrical / electronic industry, plastic and rubber industry, life sciences / pharmaceutical industry, metal industry and others.
• An elaborate assessment of the current and future opportunity within the collaborative robot market across key geographical regions including North America (US, Canada), Europe (Germany, France, Italy, Spain, UK and Rest of Europe), Asia-Pacific (China, India, Japan, and South Korea), Rest of the World.

Key Benefits of Buying this Report

• The report offers market leaders and newcomers valuable insights into revenue estimations for both the overall market and its sub-segments.
• Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
• The report provides stakeholders with a pulse on the Collaborative Robot Market, furnishing them with essential information on significant market drivers, barriers, opportunities, and challenges.

Leading Market Companies

• ABB
• Comau
• FANUC
• KUKA
• Kinova
• Precise Automation
• Robotics Systems Integration
• Staubli
• Universal Robots
• Yaskawa Electric